Singapore is China's second favourite investment destination

Singapore

THE Republic's diverse industrial structure ranging from high-tech biomedical manufacturing to multi-million infrastructure development has helped the city state remain China's second most popular investment destination after the US this year.

While Hong Kong shares certain cultural threads with the mainland, its reliance on a few sectors to drive its economy has kept it in third position, according to a new report by The Economist Intelligence Unit (EIU). Its China Going Global Investment Index, which ranks 67 countries on their attractiveness to Chinese overseas investment, features 55 quantitative indicators of opportunity and risk - two broad pillars used to assess countries' attractiveness.