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▲ Politicaland Social Stability：The government advocates racialtolerance and is committed to creating asocial atmosphere in whichmultiracial, multicultural and religious harmonycoexistence.

▲ ExcelllentLocation Advantage：Singapore is an important trade,finance and shipping center in the Asia-Pacific region, as well as a regionalinfrastructure construction and science, technology and innovation center.

▲ FavorableBusiness Environment：TheSingapore laws and regulations are complete, the policies are open andtransparent, the government is clean and efficient, and the judicial justice isstrict, which greatly saves the operating costs of enterprises.

▲ UndifferentiatedNational Treatment：Singaporeimplements non-discriminatory national treatment for foreign-fundedenterprises.the registration process is easy,free access to foreign exchange

Singapore is a city-country, a small small country with an area of only 719 square kilometers and a population of more than 5.6 million. Since the influence of novel coronavirus in early 2020, Singapore has supported the solidarity of the Singaporean people and the investment of the government, and has still received a welcome report card. Singapore is a foreign trade-oriented economy, dominated by electronics, petrochemical, finance, shipping and services. It is highly dependent on the United States, Japan, Europe and its surrounding markets, with its total foreign trade being four times the gross domestic product. In order to stimulate economic development, the government proposed "building a new Singapore", comprehensively reviewed economic development policies, set up an economic restructuring committee, tried to transform itself to a knowledge-based economy, and actively negotiated and signed free trade agreements with major economies in the world. Foreign trade import and export commodities include: the processing of petroleum products, chemical products, consumer goods, mechanical parts, data processors and parts, telecommunications equipment and drugs, is an important pillar of Singapore's national economy. Major trading partners: Malaysia, Thailand, China, Japan, Australia, South Korea, the United States, the European Union, etc. Tourism accounts for more than 17% of Singapore's GDP, and tourism is one of the main sources of foreign exchange. From the above overview, Singapore can summarize the following three major economic sources: international trade, processing industry (industry mainly includes manufacturing and construction industry), and tourism.

Singapore,also known as the Lion City, is an island nation in Southeast Asia. Adjacent tothe Strait of Malacca. Of the 11 countries in Southeast Asia, Singapore has thesmallest area, with only 724 square kilometers. When Singapore was foundedindependently in 1965, it's area was only 581 square kilometers. Over the pastfew decades, Singapore has made massive land reclamation, increasing its landarea by more than 140 square kilometers, and adding nearly a quarter of the newland through reclamation. But its degree of prosperity and development, notonly among the southeast Asian countries, even in the world is also among thebest. Singapore has a total population of about 5.7 million, with Malay as theofficial language, English, Chinese, Malay and Tamil as the working language.English is the most common language. Singapore is a multicultural country ofimmigrants. Promoting ethnic harmony is the core policy of the government.Singapore is known for its stable political situation, clean and efficientpolitical affairs, and it is one of the most international countries in theworld. Agriculture accounts for a very small proportion of the new nationaleconomy, almost negligible, grain and vegetables are seriously imported, mainlyfrom the United States, China, Thailand, Vietnam, Brazil, India, Malaysia andother countries. Singapore is now the world's third largest internationalfinancial center after London and New York, surpassing Tokyo and Hong Kong.With nearly 2,000 banks, exchanges, brokerages, insurance companies, assetmanagers and fund companies, and with more than $2 trillion in assets undermanagement, it has become a veritable Asian wealth management center, rankingsecond only to Switzerland internationally. In the last two years, it hasreplaced Hong Kong as the largest foreign exchange trading market in theAsia-Pacific region, with a daily foreign exchange turnover of nearly us $700billion. Singapore has an excellent pro-business environment and security. In theWorld Bank's annual Global Pro-Business Report, Singapore is the top in theworld for ten consecutive years. In terms of building Singapore as atransportation hub in Asia, the Strait of Malacca has always been abattleground for military strategists, and it is recognized as the "kingof geography". One quarter of the world's oil tankers passing through theStrait of Malacca is the throat of the world's maritime transport. It is worthmentioning that since its independence from Malaysia in 1965, Singapore hasonly enjoyed the geographical interests of the Strait of Malacca alone. Inaddition, as Singapore is at the confluence of Chinese and Western cultures andabandons the local cultural restrictions, enterprises and individuals from allcountries around the world can grow rapidly in an open environment. With greatattention to science, technology, engineering and mathematics education,Singapore has transformed Singapore from a third world country to a famousdeveloped country in the world. Such a country composed of three-quarters ofthe Chinese people, with its own wisdom and efforts, is creating remarkableachievements in a tiny place, which is really worthy of the title of theChinese light!

Electronicsindustry in Singapore's.. Singapore's electronics industry is far ahead ofchemicals, transportation, biomedicine and other industries with 32%. Inparticular, the top 50 famous companies in the global electronics industry havemoved their R & D centers or their Asia-Pacific headquarters to Singapore.The Singapore Economic Strategy Council also proposed seven economic promotionstrategies, including ——, to enhance local skills, build Asian hubs, strengthen thecommercialization of research and development results, and promote globalcultural exchanges, which became the key words in the report. The constructionof chain industrial group in Singapore is an important feature of Singapore'selectronics industry, especially the semiconductor industry is very typical.Data show that semiconductors are an important pillar industry in Singapore,accounting for 58% of the electronics manufacturing share. Whether from ICdesign, chip manufacturing, or packaging and testing, Singapore's semiconductorindustry has formed a mature industry chain ecological environment, almostglobal chip giant has set up factories in Singapore, therefore, very closeindustrial chain not only for enterprises to find their own industrypositioning, but also accelerated the global integration process of theelectronics industry. According to the environmental development bureau report,the number of Singapore semiconductor companies has more than 300, respectivelyfrom Europe and America and Japan and other regions of the world, including: 40IC design companies, 14 silicon fabs, eight special fabs, 20 sealing companiesand some responsible for substrate materials, manufacturing equipment,photomasking and other industries around the enterprise. The famous Infineonpreviously said it would invest another S $14 million to expand its researchand development base in Singapore. Singapore's precision engineering industryThe development of the precision engineering industry in Singapore began in the1970s. Now, the precision engineering industry has developed into about 2,700precision engineering companies, including small and medium-sized enterprisesand large multinational companies. Therefore, Singapore has also become theregional headquarters and an important research and development center of manymultinational companies. Precision manufacturing engineering is a veryimportant pillar of the manufacturing industry, especially the precisionengineering industry has become an important pillar industry of manyindustries, such as aerospace, oil and natural gas, medical equipment andelectronic products. The precision engineering industry is booming in Singaporebecause companies can significantly enhance the competitive advantage ofcompanies and multinational companies with their strong supplier base,excellent regional connectivity, and especially Singapore's sound R & Dinfrastructure. Precision manufacturing has become one of the key engines ofSingapore's economy, accounting for about 25% of its gross domestic product(GDP) output. Singapore's precision engineering industry is developing rapidlyunder an excellent environment. Singapore now occupies 10% of the worldrefrigeration compressor market, 30% of the hearing aid market, and 70% of theworld semiconductor lead welding machine market. Singapore has become Asia'sleading production base for oil and gas equipment, and a global aerospacemaintenance, repair and overhaul base. Singapore has a 10% global market sharefor back-end semiconductor equipment. The strong technology and environment ofSingapore's precision engineering industry has attracted nine of the world'stop 10 wafer manufacturing equipment companies to make large purchases fromSingapore suppliers. It is worth mentioning that Singapore-made wafer detectiontools can be learned