| S'pore: China represents huge market for world businesses |
SINGAPORE, Aug. 17 (Xinhua) -- A Singapore government minister on Friday praised China for its continued economic growth over the past years, saying that China now represents a huge market for businesses all over the world.
Speaking at a business forum, Lim Hwee Hua, minister of State for Finance and Transport, said that Asia is still the most dynamic and fastest growing region in the world, and the growth continues to be propelled by the strong expansion of China and India, of more than 8 percent over the past few years.
"China, in particular, represents a huge market for businesses all over the world, " she said.
China is already an integral part of the global supply chain as it has become one of the world's largest trading nations and producer of information technology, the minister said.
The minister believed that the businesses are able to participate in the rapid economic growth of China and India as they are living in a globalized world, which allows goods, services and capitals to flow freely and easily across national borders.
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