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Monday, September 7, 2009

Singapore can learn much from China

A very timely piece that'll be useful for me. It's crunch time as it has become time to submit the research proposal. Wish me luck people.

Quotable Quote - "...while there are still some lessons China could learn from Singapore, it is no longer a one-way flow." Singapore's Senior Minister Goh Chok Tong

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Singapore can learn much from China
Source - AsiaOne 4 September 2009

THERE is much for Singapore to learn from China.

This was Senior Minister Goh Chok Tong's response when asked about the achievements and transformations of China over the past 30 years.

In an interview conducted in August by the Director of the Thailand branch of China News Service, Mr Gu Shihong, SM Goh replied in writing stating that while there are still some lessons China could learn from Singapore, it is no longer a one-way flow.

He brought up Deng Xiaoping's visit to Singapore in 1978, in which he saw a first-hand account of how Southern Chinese had settled and progressed in Singapore, and felt that China could achieve the same results with its much bigger population.

Now, SM Goh said that each time he visited China, he was left impressed by its new urban landscape, skyscrapers, wide motorways and obvious signs of a higher standard of living, as opposed to how the country was pre-1978.

The greater change, he replied, is the mindset of the Chinese towards modernisation based on market principles.

Besides praising China for its reformation over the past decades, the Senior Minister also wrote about the many aspects in which both countries have cooperated.

He mentioned that the key pillar in bilateral cooperation with China is human resource development, in which there are tailored programmes for Chinese officials in Singapore to fit the needs and national conditions of China.

On the education level, there are extensive collaborations between the two and when it came to doing business, China continues to be an exciting investment destination for Singapore companies, while Singapore continues to be an attractive base for China companies to expand their international reach.

This year, relationship with China had also reached a new milestone with the signing of the China-Singapore Free Trade Agreement (CSFTA).

One of the many struggles both countries face is the ever-expanding income divide. SM Goh stressed that China and Singapore no exceptions as it is a challenge all market economies face.
He also said that Singapore is ready to share its sustainable development for a cleaner and greener environment.

Environment protection is a contradictory problem that China is facing due to its economic expansion.

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