李资政在沪设招待会款待居住在长三角地区的新加坡人，中国新加坡商会上海代表接受访问
On the evening of Thursday (November 28th), the visiting Senior Minister Lee hosted a reception at Mandarin Oriental in Shanghai for Singaporeans living in the Yangtze River Delta region.
星期四(11月28日)傍晚，在中国访问的高级部长李显龙先生在上海文华东方酒店举办了一场招待会招待居住在长三角地区的新加坡人。
The event was organised by the Singapore Consulate General in Shanghai and Singapore Global Network, attended by key representatives of the Singapore Chamber of Commerce and Industry in China (SingCham), including SingCham Shanghai Chairman Mr. William Chang, Vice-Chair Ms. Tina Ng, and Mr. Joey Yeo, who shared their insights in an exclusive interview.
活动由新加坡驻上海总领事馆和新加坡全球联系司，吸引了新加坡在华商会（中国新加坡商会）的主要代表参加，包括中国新加坡商会上海会长曾广仁先生、副会长黄丽娟女士以及杨祖义先生，他们在独家采访中分享了他们的见解。
In the interview by CNA, SingCham Shanghai Chairman Mr. William Chang shared the reasons Shanghai serves as a significant gateway for Singapore companies looking to enter the Chinese market. He also highlighted the opportunities in China for Singapore firms and what Singapore businesses bring to the table in China that’s unique and give them an edge in the Chinese market.
在亚洲新闻台的采访中，中国新加坡商会上海会长曾广仁先生分享了上海作为新加坡公司进入中国市场的重要门户的原因。他还强调了中国市场为新加坡企业带来的机遇，以及新加坡企业在中国的独特贡献，这些贡献使它们在中国市场中具有优势。
Click the link to watch the interview by CNA with Mr. William Chang, Chairman of SingCham Shanghai: https://mp.weixin.qq.com/s/BIYbPbOfZfQCMtuUmcOOXg
点击链接前往观看中国新加坡商会上海会长曾广仁先生亚洲新闻台独家精彩访谈：https://mp.weixin.qq.com/s/BIYbPbOfZfQCMtuUmcOOXg
Navigating Challenges with Collaboration
Mr. William Chang, Chairman of SingCham Shanghai, acknowledged that while China's economic growth has slowed, the evolving competitiveness of Chinese firms presents both challenges and opportunities for Singaporean businesses. "With stable relations between Singapore and China, our companies have adapted to the shifting landscape, mitigating risks and uncovering new opportunities," said Mr. Chang. He emphasized the importance of Singapore maintaining its reputation for reliability and innovation, especially in uncertain times of international turbulence.
以合作为舟，驾驭挑战
中国新加坡商会上海会长曾广仁先生承认，虽然中国的经济增长有所放缓，但中国企业的竞争力不断演变，这对新加坡企业既带来了挑战，也提供了机遇。曾先生说：“得益于新加坡与中国稳定的双边关系，我们的公司已经适应了形势的变化，既降低了风险，又发现了新的机遇。”他强调，在充满国际动荡的不确定时期，新加坡保持其可靠和创新的名声尤为重要。
CNA
"Before diving into the Shanghai chapter, I have a few questions for you. Last year, Singapore emerged as Shanghai's largest foreign investor. Why do so many Singapore businesses choose Shanghai as their first point of entry into the Chinese market? What makes Shanghai so unique?"
亚洲新闻台
“在深入探讨上海章节之前，我有一些问题想请教您。去年，新加坡成为了上海最大的外国投资者。为什么这么多新加坡企业选择上海作为它们进入中国市场的大门？上海有什么独特之处？”
Mr. William Chang
"Shanghai is one of China’s leading economic hubs, boasting a robust financial sector, advanced infrastructure, and a vibrant business ecosystem. Its geographic location along the Yangtze River Delta offers unparalleled access to both domestic and international markets. Shanghai’s open business environment, coupled with favorable government policies and incentives, makes it particularly attractive to foreign investors. These advantages create a highly conducive environment for Singaporean companies to establish and grow their presence. The strong economic ties between Singapore and Shanghai also play a significant role. Singaporean firms recognize the strategic value of operating in Shanghai, given its pivotal role in China's economy. That said, challenges remain. As SM Lee noted during his roundtable discussions with business leaders, issues like China's slowing economic growth and the property sector crisis have had an impact."
曾广仁先生
“上海是中国的主要经济中心之一，拥有强大的金融部门、先进的基础设施和充满活力的商业生态系统。它位于长江三角洲的地理位置，为进入国内外市场提供了无与伦比的优势。上海开放的商业环境，加上有利的政府政策和激励措施，使其对外国投资者特别有吸引力。这些优势为新加坡公司建立和扩大业务提供了极为有利的环境。新加坡与上海之间的紧密经济联系也发挥了重要作用。新加坡公司认识到在上海运营的战略价值，考虑到上海在中国经济中的关键角色。也就是说，挑战仍然存在。正如李显龙资政在与商界领袖的圆桌讨论中指出的，中国经济增长放缓和房地产行业危机等问题已经产生了影响。”
CNA
"From your perspective on the ground with SingCham, could you elaborate on the difficulties businesses are facing in this environment?"
亚洲新闻台
“从您在中国新加坡商会的实地角度来看，您能否详细说明企业在当前环境中面临的困难？”
Mr. William Chang
"Operating in China comes with its complexities, particularly the frequently changing regulatory landscape and the intricate policy environment. Fortunately, Singaporean companies generally possess a strong understanding of global compliance standards, which allows them to navigate these challenges effectively. Leveraging local expertise and partnerships further equips them to adapt to the evolving business climate. Another significant challenge is the heightened competition from both local and international players, all vying for a share of the lucrative Chinese market. The competitive landscape has become increasingly fierce. However, Singaporean businesses stand out by leveraging innovative solutions and fostering strategic partnerships that are tailored to the unique demands of the Chinese market. These strengths not only help them navigate the challenges but also position them to thrive in this highly competitive and complex environment."
曾广仁先生
“在中国运营伴随着其复杂性，尤其是频繁变化的监管环境和错综复杂的政策环境。幸运的是，新加坡公司通常对全球合规标准有很强的理解，这使它们能够有效地应对这些挑战。利用当地专业知识和合作伙伴关系进一步使它们能够适应不断变化的商业气候。另一个重大挑战是来自本地和国际玩家的竞争加剧，所有人都渴望在中国这个利润丰厚的市场中分得一杯羹。竞争环境变得越来越激烈。然而，新加坡企业通过利用创新解决方案和建立针对中国市场独特需求的战略伙伴关系而脱颖而出。这些优势不仅帮助它们应对挑战，还使它们能够在这一高度竞争和复杂的环境中蓬勃发展。”
Adapting Strategies for Success
Ms. Tina Ng, Vice-Chair of SingCham Shanghai and founder of Naturie Enterprise, a food import-export company, shared practical advice for Singaporean businesses entering China.
调整策略以实现成功
中国新加坡商会上海副会长、食品进出口公司上海裕霖实业有限公司的创始人黄丽娟女士，分享了新加坡企业进入中国的实用建议。
Ms. Tina Ng
"Take baby steps and understand the culture. Don’t come in thinking you know everything," she cautioned. Highlighting the current economic uncertainties, Ms. Ng urged prudence: "We’re helping some Singapore brands enter, but we’re careful. We don’t want them to fail after six months."
“要循序渐进并理解文化。不要以为自己什么都懂，”她警告说。黄女士强调了当前的经济不确定性，并敦促大家要谨慎：“我们正在帮助一些新加坡品牌进入中国市场，但我们很小心。我们不希望他们在六个月后失败。”
Economic Challenges and Government Response
Mr. Joey Yeo, Vice-Chair of SingCham Shanghai, weighed in on China’s ongoing economic issues, including the real estate sector crisis.
经济挑战与政府回应
中国新加坡商会上海副会长杨祖义先生就中国持续的经济问题发表了看法，包括房地产部门的危机。
Mr. Joey Yeo
"China’s economy is slowing, but the government is actively introducing measures to stabilize the situation," he explained. "In real estate, for example, local governments are supporting the market with tax breaks for first-time buyers." Despite the challenges, Mr. Yeo expressed optimism about Singaporean businesses’ ability to adapt and thrive by aligning with China’s evolving policies and leveraging local partnerships.
“中国的经济正在放缓，但政府正在积极推出措施来稳定局势，”他解释说。“例如，在房地产领域，地方政府正在通过为首次购房者提供税收优惠来支持市场。”尽管面临挑战，杨先生对新加坡企业适应并繁荣发展的能力表示乐观，他们通过与中国不断变化的政策保持一致并利用本地合作伙伴关系来实现这一目标。
Written by: Zach 苏志宏, Sora Lin, Stewie Zhong