Economy
The Western Connect Magazine - Singapore's DPM Wong Warns of tough competition for Investments
Asia News

Singapore’s DPM Wong Warns of tough competition for Investments

Deputy Prime Minister Lawrence Wong says Singapore can’t afford to outbid the big boys for investments from multinational corporations TWC – Singapore’s Deputy Prime Minister Lawrence Wong addressed the annual May Day Rally, warning Singapore already feels the impact of tough investment competition. As significant economies mobilize enormous sums of money to build their strategic […]

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The Western Connect Magazine - China's Digital Economy to Reach 50.2 Trillion Yuan, Ranks 2nd Globally
News

China’s Digital Economy to Reach 50.2 Trillion Yuan, Ranks 2nd Globally

China’s digital economy is set to grow significantly with a nominal annual growth rate of 10.3%, accounting for 41.5% of GDP, per the Digital China Development Report (2022). The latest report from Mainland China shows that the digital economy’s scale is expected to reach 50.2 trillion yuan in 2022, securing the second spot in the […]

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