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Singapore businesses bank on China's Belt and Road amid slowdown

Amala Balakrishner
Amala Balakrishner7/30/2019 05:10 PM GMT+08  • 3 min read
Singapore businesses bank on China's Belt and Road amid slowdown
SINGAPORE (July 30): Nearly one in three multinational corporations are currently involved in projects related to China’s Belt and Road Initiative (BRI), according to preliminary findings from a joint survey by the Singapore Business Federation (SBF) an
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SINGAPORE (July 30): Nearly one in three multinational corporations are currently involved in projects related to China’s Belt and Road Initiative (BRI), according to preliminary findings from a joint survey by the Singapore Business Federation (SBF) and accounting firm PwC.

Close to half of the 50 companies surveyed also report having plans to embark on BRI-related projects in the next three years.

A similar study, administered just two years ago in 2017 by the SBF and the Economist Intelligence Unit (EIU), found that only 12.5% of companies were involved in BRI-related projects.

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