China is a country that is developing rapidly. Countries that want to invest in Asian countries immediately think of China because it has a big population and large land areas that they can build their parks, factories, buildings, shopping malls and many more. China has been around for way longer than Singapore, and as a result, has a lot more experience than us in the economy sector.
Since Singapore is a small country, we do not have much land space to build on. Furthermore, we do not even have any natural resources on our land. Thus, there is not much benefit for other countries to gain by investing in Singapore. However, if larger and more powerful countries join Singapore and invest in Singapore, more businesses will come rolling in, attracting more tourists to visit Singapore and increasing our economy. If we take, China, for example, as a partner for a big project in Singapore that is estimated to increase both the countries' wealth, other countries will also be attracted to find out what potential China sees in Singapore and try to partner with us and help us out in times of need. If Singapore cannot keep up with the fast moving pace, we have nothing worthwhile to compete with China and companies will go to China instead.If Singapore does not have the support of other countries and instead have more competitors, we will have more and more competition and this will result in the drop of the economy.
Thus, we should not be complacent and try to maintain on good terms with China as well as our other neighbouring countries.
No comments:
Post a Comment