Singapore now top destination for China overseas investments

Singapore

SINGAPORE has surpassed the US to emerge as the top destination for Chinese overseas investments in this year's China Going Global Investment Index 2017.

According to the report's findings released on Thursday by The Economist Intelligence Unit (EIU), the US fell behind the Republic to take the second spot, while Hong Kong, Malaysia and Australia came in third, fourth and fifth respectively.

The report, which covered the automotive, consumer goods, energy, financial services, telecommunications and healthcare sectors, said: "Malaysia and Singapore stand out as attractive BRI (Belt and Road Initiative) destinations, providing an investment environment that offers opportunities as well as low levels of risk. Although there have been political…