The economic strategy to go global started as early as 1986 and many incentives were introduced by the government to encourage Singapore entrepreneurs to go aboard and help Singapore develop an external economy.
Recently, the main focus of the Singapore government is China, a country that has originally practised a closeddoor policy but has now opened up to accept foreign investments.
This project is designed to help potential entrepreneurs understand the ways with which to establish a joint venture in China, using the experience of a local Singapore company as a guide for determining the key factors of success for the joint venture.
This project also helps to confirm the strategic value of joint ventures in business growth and expansion.
The conclusion drawn is that even though foreign investors might face difficulties in the process of trying to establish themselves in China, they would have to be flexible enough to adjust to the economic conditions and "rules" of China. The Chinese government is giving assistance to investors in many aspects to improve the investment environment in China. Hence, in the long run, most of the problems would eventually be reduced.