The Singapore National Development Minister said that a growing number of SMEs (Small and Medium Enterprises) are investing in Tianjin’s services sector. Tianjin is a metropolitan area in Northern China. According to the National Development Minister, Khaw Boon Wan, Singaporean companies invested about US$789 million in over twenty two projects in Tianjin. According to the International Enterprise of Singapore, 80% of all projects in 2013 are in services sector.
To date, Singapore is the 4th biggest FDI (Foreign Direct Investment) contributor of Tianjin. Many Singaporeans are expanding or moving in Tianjin, China because everyone knows that China is the world’s largest economy which means the potential is unlimited. What makes Tianjin special?
Tianjin is one of the five main cities in PRC (People’s Republic of China). SMEs in Singapore are focusing on services sector because Tianjin is a good travel destination. Many tourists visit the place every day and it does not end there. There are more coming.
Since Tianjin is located in the Eastern Coast, the fresh air and the sea breeze made it more charming and appealing to many people. Apart from the sea, the place invites learning because there are many relics, temples and churches that form part in their history.
Tianjin offers a window to the past with their Huangyaguan Great Wall which is an example of a magnificent ancient engineering and architecture. There’s Jinmen Guli which is the paradise for people who are searching for traditional and bizarre things. For the adventurers, Water Park is the perfect place. The park has 12 islets that are all connected by small mounds and curved bridges. The list will go on. Indeed Tianjin has a potential and the SMEs who saw it are very lucky to invest there.