yida wang
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China's rise is going to shatter Singapore's golden rice bowl.
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Singapore is in complete panic.
It has held onto its golden rice bowl for half a century, but it is now being shattered piece by piece by China.
In 2023, Singapore's GDP rarely shrank by nearly 3 billion dollars, marking the first negative growth in per capita GDP in three years. In 2024, it barely rebounds, relying only on a few sprouts of high-end manufacturing to survive. This small island nation, which once profited by serving as a toll station at the Strait of Malacca, working for multinational companies, and being an offshore financial center, is now being completely replaced by China's comprehensive industry.
Singapore is in complete panic.
It has held onto its golden rice bowl for half a century, but it is now being shattered piece by piece by China.
In 2023, Singapore's GDP rarely shrank by nearly 3 billion dollars, marking the first negative growth in per capita GDP in three years. In 2024, it barely rebounds, relying only on a few sprouts of high-end manufacturing to survive. This small island nation, which once profited by serving as a toll station at the Strait of Malacca, working for multinational companies, and being an offshore financial center, is now being completely replaced by China's comprehensive industry.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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