Check latest hot topics and new pictures Last Updated: 23 May, 2012
Chinese Capitalists Needs to Change Business Strategies, Says Loong

Chinese Capitalists Needs to Change Business Strategies, Says LoongThe Chinese living in Singapore are different than those living in China, states the Prime Minister of Singapore, Lee Hsien Loong. Chinese migrating from China are quiet different than the Singaporean Chinese, this is why newly migrated Chinese take time adjusting with the Chinese in Singapore.

The minister revealed about the aspect while addressing 4,000 attendees at the opening ceremony of 11th World Chinese Entrepreneurs Convention held at Suntec Convention Centre. Despite the difference, Mr. Loong appealed Chinese delegates to create healthy relation with people no matter to which ever community or race the person belonged.

According to Mr. Loong, Singapore is a culturally diverse nation and a centre of world market, therefore the business owners and officials from different countries can take economic advantage from this cosmopolitan nation.

As per Mr. Loong, “As China opens up more to the world, and as more Chinese travel and operate overseas, they will have a wider choice of partners and networks to work with”. He further recommends that solely depending on the connections is a conventional mode of dealing, China needs to improve its market strategy; the nation needs to explore the world in an open manner.