Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Singapore Growth May Outpace China This Year

E-mail Print PDF

economy4 July 9, 2010 (Chinavestsor) China may have competition for the title of Asia's fastest growing economy this year and that competition comes in the form of city state Singapore, which may post GDP growth of 10.8% this year, according to the median estimate of 13 economists surveyed by Bloomberg. Singapore reports second-quarter GDP results on July 14.

China's growth estimate has been pared to 10.1% in recent weeks by several major investment houses. The International Monetary Fund expects China's economy to expand by 10.5% this year.

Singapore has been largely dependent on electronics exports to drive its economic growth, but has taken steps to diversify its economy in recent years. The push to bolster services may sustain the economy and support investment that spurred the island’s benchmark stock index to outperform counterparts in China, Taiwan, Japan and Australia this year, according to Bloomberg.

Singapore's benchmark exchange is up 28% this year, outperforming the Shagnhai Composite, the Hang Seng and Taiwan's Taiex. Singapore's government has raised GDP estimates twice in 2010. The IMF said the last time Singapore's growth outpaced China was in 2000.

Singapore’s manufacturing increased an average 45% in the first five months of 2010, after declining an average 13% in the same period last year while pharmaceutical output doubled every month from March to May, Bloomberg reported.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!