Saturday, 25 February 2017
Singapore and China's economy
I think that although Singapore's economy grew from 3rd world to 1st quickly, we should not be complacent because the economies of other countries are also growing rapidly, especially China's. Relationship with China is important as Singapore's economy is heavily reliant on China's, so the slowdown in China's economy will hit Singapore harder and faster than any other country in the region. Our economy is also going downhill, and more uncertainties have surfaced, such as political uncertainties after the election of the US President Donald Trump. We rely a lot on China for imports and exports, so we have to maintain good relations with China and not be complacent.
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