YCH Makes Inroads Into China |
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Since YCH’s entry into Greater China in the mid 90s, YCH has been building a comprehensive network with footprints in multiple locations, including key cities such as Tianjin, Shanghai, Beijing, Hangzhou, Suzhou, Kunshan, Xiamen, Shenzhen, Guangzhou, Chengdu, Macau and Hong Kong. In recent months, the Group has inked several key collaborations with various strategic partners to make further inroads into China.
Building Talent Pipelines in Jiangsu and Sichuan
On 13th September, YCH Group signed a Memorandum of Understanding (MOU) with Jiangsu Vocational College of Business (JVCB), China's top educational institution for logistics and supply chain management, to implement YCH’s training programme, EduRISE to equip students with the right skill sets in order to meet the growing needs of China's expanding economy.
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Coupled with academic and classroom based learning provided by JVCB, the programme will feature 30 percent of practitioner-based training, supported by YCH Group's proprietary training program, experienced trainers, industry experience and operations, information technology solutions and training venues.
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YCH Group also signed a MOU with Sichuan Vocational and Technical College of Communications (SVTCC) to implement EduRISE in Sichuan during the 17th Singapore-Sichuan Trade and Investment Committee meeting. The signing ceremony was witnessed by Minister for Manpower, Mr Lim Swee Say and Acting Minister for Education (Schools), Mr Ng Chee Meng, as well as Senior Minister of State for Transport, and Sichuan Vice-Governor Zhu Hexin.
Strengthening Shandong’s Logistical Networks
On 6th of September, YCH Group inked a MOU with Qingdao Economic and Technological Development Area Administrative Committee at the 19th Singapore-Shandong Business Council (SSBC) meeting to jointly develop a logistics park in Qingdao.
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The logistics park would serve as a consolidation point for imported and local manufactured goods, which would be distributed within Shandong and to surrounding provinces. The park will also provide e-commerce solutions in Shandong with data and market analytics services to help our customers understand the competitive market landscape and optimise operating efficiency with effective inventory control.
The SSBC meeting was co-chaired by Minister of State (MOS) for Manpower, Teo Ser Luck, and Shandong Vice Governor, Xia Geng. Vice Governor Xia was in Singapore for a two-day business mission, accompanied by 70 Chinese delegates from six Shandong cities
Dr Robert Yap visits Chongqing with Prime Minister Lee Hsien Loong
In his first visit to Chongqing since the launch of the Chongqing Connectivity Initiative (CCI) last year, Prime Minister Lee Hsien Loong led a delegation of ministers and companies and visited various key locations in the municipality state in September. Dr Robert Yap was part of the delegation, along with Minister in the Prime Minister's Office Chan Chun Sing, Senior Minister of State for Foreign Affairs and Transport Josephine Teo, Minister of State for Education and Communications and Information Janil Puthucheary, and Minister of State for Trade and Industry and National Development Koh Poh Koon.
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With trade between Singapore and Chongqing growing by 17% year on year to reach around US$2 billion (S$2.7 billion) last year, the CCI is aimed at boosting growth in China's less-developed western region, focusing on financial services, aviation, transport and logistics, and information and communication technology. Singapore's investments in Chongqing have also doubled, from US$2.4 billion to US$5.7 billion between 2011 and 2015, making Singapore its third-largest external investor, behind Hong Kong and the British Virgin Islands.
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