Singapore firms building up capacity outside China as fallback
No exodus yet as China market's too big to ignore; trade war also starting to impact higher tech sectors
Singapore
A SINGAPOREAN electronics parts manufacturer set up shop in China's Shenzhen two decades ago - but with its products being "very sensitive to tariffs", the company is now considering moving to India.
Such is the reality on the ground recounted by Suan Teck Kin, head of research at United Overseas Bank (UOB), as his clients re-evaluate their presence in China amid a protracted trade war with the US.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore’s key exports down 9.3% in April – slightly more than expected, but better than March’s tumble
Singapore tourist arrivals dip to 1.36 million in April, after March’s Taylor Swift-led high
Singapore’s monetary policy should remain tight until inflationary pressures recede: IMF
PM Wong calls on Singaporeans to support each other, help his government take the country forward
Daily Debrief: What Happened Today (May 16)
Daily Debrief: What Happened Today (May 15)