China poised to become Singapore's second largest trading partner by 2030

SINGAPORE, Nov. 14 (Xinhua) -- Given the size and pace of growth of the Chinese market, China will rise to become Singapore' s second largest trading partner by 2030, according to latest HSBC Global Connections report.

"Singapore's exports to Asia excluding Japan are forecast to rise by a fairly robust 7 percent a year on average during 2021 to 2030," said the report, "but the fastest growing trade routes will be with China over this period."

China's export growth has slowed, particularly for goods destined for Europe, but over the medium term, prospects for Chinese exports will continue to be brightest in the emerging market economies as demand growth remains persistently subdued in the major developed economies.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake'	China: A Fast-growing Force in IPR	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Canton Fair wraps up on Sunday