Singapore, which can hardly even see its factories, ranks second in the world in manufacturing?
Singapore's manufacturing industry is second in the world?
When I first saw such news, I couldn’t believe it
Garden City!
Global financial center!
The world's largest seaport cargo throughput!
I never thought that Singapore could be linked to the manufacturing industry. It seems that knowledge and insight have restricted my imagination!
The latest Bloomberg Innovation Index released, Singapore rose one place compared to 2020, ranking second in the world, closely following the top South Korea.
Recently, in 2021, the latest Bloomberg Innovation Index was released. Singapore has risen one place compared to 2020, ranking second in the world, closely following South Korea.
The index evaluates the global economy based on seven indicators, including R&D expenditure, manufacturing capacity, concentration of high-tech listed companies, etc. Among them, Singapore ranks third in the world in terms of manufacturing capacity, second only to Ireland and South Korea, highlighting its strength A manufacturing industry with global competitiveness and unlimited development potential.
Driven by the biopharmaceutical manufacturing, electronics and precision engineering industries, Singapore’s manufacturing output value in 2020 has increased by 7.3% compared to 2019, the highest growth since 2017. Its manufacturing industry has maintained a strong growth momentum and is one of the few countries in the world whose manufacturing industry exceeds 20% of the national GDP.
Recently, the Singaporean government has put forward the "Manufacturing Vision 2030" and plans to continue to strive for 50% growth in the next 10 years. Specific measures include: attracting the world's top manufacturers to set up companies in Singapore; assisting in increasing competition among local manufacturing companies Strength; strengthen local talent training to attract more young people to enter the advanced manufacturing field, etc.
