I know you're trying to paint Singapore a good picture, but your bolded fact isn't really a good argument. Singapore is a globally accepted tax haven, funded a large part by Chinese capital. Chinese capitalists hedging against the CPC would often move their capital to Singapore, then reuse that capital to reinvest in China.Yes, this is true.
I have read it on paper, The Straits Times, so no online link unfortunately.
Haha, we are in a difficult position, no doubt.
We need both of them now.
With our massive investments in China, I believe our future lies with China.
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Since 2013, China has been Singapore’s largest trading partner, and Singapore has been China’s largest foreign investor. "
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