Singapore ‘Well-Positioned’ as Regional Hub for Trade With China, MAS Says

Bloomberg, 9 Apr 2011The Monetary Authority of Singapore said the Southeast Asian city is “well-positioned” to support business with mainland China as bilateral trade increased and banks started offering services in the Chinese currency.In 2010, bilateral trade between Singapore and China reached S$95.3 billion ($75.8 billion), a gain of 26 percent from a year earlier, the MAS wrote in an e-mail