Singapore hopes to become a platform for Chinese companies to win the international market, said She Wenli, director of the Trade Promotion Group of International Enterprise Singapore Thursday in Singapore.
The tax rate in Singapore is low, with a corporate income tax rate of 17 percent and preferential tax for newly established enterprises. The highest personal income tax is 20 percent, compared with 45 percent in China.
China's trade volume with Singapore hit S$100 billion in 2011, accounting for 10.4 percent of Singapore's total trade volume. Full story
