BusinessWeek, 9 Jul 2010
July 9 (Bloomberg) -- Singapore may overtake China as Asia’s fastest-growing economy this year, increasing the attractiveness of the city state’s stocks and putting pressure on policy makers to check inflation with a stronger currency.
An acceleration in pharmaceutical output and the opening of two casino resorts boosted growth in the first half, the result of Singapore’s efforts to diversify sources of expansion beyond electronics exports. The push to bolster services may sustain the economy and support investment that spurred the island’s benchmark stock index to outperform counterparts in China, Taiwan, Japan and Australia this year. Full Story
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Singapore may surpass China as Asia’s fastest growing - Fresh Plaza