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TRADE WARS
China, Singapore sign free-trade pact: state media

by Staff Writers
 Beijing (AFP) Oct 23, 2008
 China and Singapore signed a free-trade agreement in Beijing on Thursday, state media reported, capping two years of negotiations.

Chinese Premier Wen Jiabao and Singaporean Prime Minister Lee Hsien Loong witnessed the signing ceremony, Xinhua news agency said.

Trade between the two countries reached 47.2 billion dollars in 2007, according to Xinhua, which said Singapore is China's eighth-largest trading partner.

China is Singapore's third largest trading partner and largest investment destination, according to the Singapore government.

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Wal-Mart says it will step up product quality in China
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