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Switzerland of Asia: Singapore increases presence as tech hub

China-US rivalry boosts role for city-state as regional launch pad

Singapore is the Asian regional headquarters for 59% of multinational tech companies, according to the government.   © Reuters

SINGAPORE -- During World War II, Switzerland's neutrality made it a safe haven for diplomacy and commerce. Fast forward 75 years and the same trends are being borne out in Singapore -- the Switzerland of Asia -- as tensions between the U.S. and China rise and the world picks sides.

Nowhere is this more evident than in the technology sector. Singapore's drive to become the tech capital of Asia has been given an extraordinary boost by the rivalry playing out between the world's two biggest economies.

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