Singapore is targeting a new export for China, already its largest trading partner: the city-state's iconic chilli crab.
The dish is no minor matter in Singapore, where it's considered a "must try" for all tourists.
For that matter, Singapore's restaurant industry is no minor matter either: The food and beverage industry contributed around 3.2 percent of the country's gross domestic product (GDP) in 2013, UOB KayHian highlights in a note published Wednesday.
China accounts for 5.9 percent of Singapore's gross domestic product (GDP), Credit Suisse said in a recent note.
Now, one of Singapore's biggest names in its chilli crab universe, Jumbo Group, freshly listed on the city-state's stock exchange, is targeting expansion into China. UOB KayHian expects the total number of China outlets to rise to 10 within five years.