Singapore flags concerns with China's monetary conditions

It could be a downside risk to its GDP growth.

In a CNBC report, Loh Khum Yean, Singapore's permanent secretary for trade and industry, said the better performance came on the back of improved growth prospects in advanced economies. However, he said rising anti-globalization sentiment and China's monetary conditions are key risks to watch.

Loh said barring the downside risks, Singapore's GDP growth is likely to come in higher than the 2 percent in 2016. The government also upgraded its export forecasts for 2017 to 4-6 percent from the previous flat to 2 percent.

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