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China plan to expand importance of S'pore

As South-east Asian countries are a vital part of Beijing's "One Belt, One Road" initiative, seizing the opportunity will be a huge boost for Singapore.

By investing in Asia's infrastructure needs, China is helping Asian economic development abroad and priming demand for its domestic heavy industry at home.

IN response to expected flat world trade growth abroad and moderate economic activity at home, China is packaging a series of initiatives to help bolster both. The plans will significantly expand Singapore's importance to South-east Asia's financial, trade and logistics services.