Why China Needs Singapore

China's thriving economy has consistently attracted substantial investments, with a significant portion originating from a single country: Singapore.

Narrated by Tom McKay
Video Edited by Iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

Singapore's big investments span across the world from China to the United States. Where do you think the island nation should focus on next? Let us know down below!

[silverchairsg]

The Suzhou Industrial Park actually wasn't successful. Singapore initially held a majority stake of 65% and China a minority stake of 35%, and local officials built a new park right next to it which stole away businesses and such from SIP, with the result being that SIP failed to turn a profit. Only when SG decreased its stake and the Chinese became the majority stakeholder, then the SIP mysteriously started to make a profit the year after the change happened. SG got cheated on that one.

[jwcas]

0:29: Singapore is a major foreign investor in China, contributing billions of dollars.
1:44: Singapore's early economic success attracted China's attention.
2:00: Singapore played a critical role in helping China modernize its economy.
2:47: The establishment of the Suzhou Industrial Park was a significant milestone in the partnership.
3:17: The SIP required significant investments in infrastructure and human resources.
3:47: The SIP is home to 1.19 million people and has generated billions of dollars in trade and investment.
4:41: Singapore's strategic investments in key sectors of the Chinese economy have contributed to its role as a major investor in China.
4:58: Singapore has made significant investments in Chinese companies, particularly in banking, real estate, technology, and consumer goods.
5:32: The close relationship between Singapore and China is further strengthened by the signing of agreements such as the China-Singapore Free Trade Agreement.
6:29: Singapore has made substantial portfolio investments in China, with over 257 billion SGD invested.
6:48: The close economic relationship between Singapore and China has led to closer political ties, cooperation in international forums, and partnership on regional and global issues.
7:52: Singapore must carefully balance its relationships with major powers, such as the United States and China, to maintain its independence and strategic relevance.
8:38: Singapore and China have demonstrated a strong commitment to maintaining and strengthening their political ties, understanding the importance of cooperation and dialogue in addressing challenges.
8:55: Singapore's rise as one of China's largest investors is a remarkable tale of strategic foresight, bold economic policies, and the forging of strong bilateral ties.
9:24: The deepening ties between Singapore and China have resulted in a mutually beneficial partnership.
9:40: There are potential risks and challenges that may arise from the deepening of these ties, such as navigating geopolitical tensions and managing the consequences of an interconnected global economy.
9:54: Singapore and China's economic partnership is an inspiring example of what can be achieved through strategic investments and close cooperation.
Recap by Tammy AI

[rpm]

At the 1978 meeting in Singapore, Lee Kuan Yew told Deng Xiaoping that the Singapore Chinese were descendants of illiterate landless peasants from Guangdong and Fujian, whereas the scholars, mandarins and literati had stayed and left their progeny in China.
"There was nothing that Singapore had done which China could not do, and do better, " Lee wrote. "He stayed silent then. When I read that he had told the Chinese people to do better than Singapore, I knew he had taken up the challenge I quietly tossed to him that night 14 years earlier."

[madsam]

Former Chinese premier Zhu Rongji said overseas Chinese merits in China success cannot be overstated.
Before the exodus of big companies and investments into China, the Chinese businessmen from abroad were the first to plunge in. It was tremendous risk and many failed in their ventures. But there are much more success stories. Singaporean economic growth depend much on trades, and 60% of their port calls are goods going to, or from China.

[mongsengquek]

Singapore is not an “Ally” of the USA geopolitically as the video states. Singapore maintains friendly relations with the USA.

[LT-mcvj]

So proud of Singapore leaders. Singapore may be seen as just a "little red dot" by the then obscured short-time President Habibie but Singapore's leaders have the gumption to tell off both big brothers US and China not to force Singapore to take sides in their geo political contest. Singapore just want to trade and carry on with their businesses with countries all over the world and be friends with everyone. (In my opinion, Singapore don't not want to waste time to be somebody's lap dog).

[thecatfromsingapore]

8:21 Singapore is not an ally of the United States!

[cheehoulow]

Singapore is a very2 strategic partner. Who ever wins over Singapore is very crucial to future . But Singapore plays her cards well close to her heart. The SG currencies are very strong and China is well aware there is no way they CAN BULLY this little country financially and economically. Mainly due to it's almost corruption free good governance.

[DAHerr]

Ironically the number one investor in Singapore is the US closely followed by China. Likewise, odd enough Singapore is like a hybrid of both China and the US style of government. For instance, they have a democratic system like the US. However, they are even stricter than China. BTW it's a very nice place to raise a family.

[abrahamdsl]

@1:33 - what "Maintaining political stability" for you means no voting? IIRC they always had a vote, and it's not like NOrth Korea's setup.

[aaronwee]

Correction: Singapore is not an ally of the United State, we’re just friends. We don’t even have a free trade agreement with them

[elmernagui]

it is the reason why singapore don't want to support asean against china's claim

[qxezwcs]

1:07 in 1965
Picture is not accurate. Lee Kuan Yew is too old in the picture to feature 1965.

[lv]

China needs Singapore ? Let's be real ok. Anyway let's put it more nicely & sounds diplomatically, both needs each other.

[inumusha]

Slight correction. Singapore is not a US ally. It is a neutral country. Being neutral is best. You are friends with everyone.

[Utube]

Initially yes but not now. China has learned from Singapore, now already surpass and going to be the world largest economy.

[canopyfields]

You mean the Industrial Project where everyone said Lee got conned by the Chinese??? 😂😂😂 The Chinese built a new copycat industrial park right next door after the project.

[jacksonwong]

china do not need singappre, singapore needs china .

[eliaskuah]

This title got me, clicked straight away. Its a great video! Keep it up!