Nov. 9 (Bloomberg) -- Singapore aims to keep its manufacturing industry an “integral” part of the economy as the nation seeks new strategies to help it grow faster than other advanced countries, Trade Minister Lim Hng Kiang said.The government is “very reluctant” to let the industry’s contribution to gross domestic product drop “sharply” because of its multiplier effects on other parts of the economy, including logistics and business services, Lim said in an interview in Singapore today. Manufacturing accounts for about a quarter of the island’s gross domestic product.
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