Singapore well-placed to ride on China’s growth, says Lee Kuan Yew
CNA, with video:
Singapore’s former Minister Mentor Lee Kuan Yew has said that the country is well-placed to ride on China’s growth.
And while Singaporeans have a distinct advantage given their ability to read, write and speak both English and Mandarin, it does not mean they fully understand the Chinese culture.
Speaking at the Business China Awards on Wednesday night, Mr Lee said no two countries share the same culture.
He cited his own experience in learning from his foray into Suzhou and Tianjin.
Mr Lee said Singaporeans are westernised but the Chinese are not, but by being bicultural, Singapore, he noted, can reach deeper inside China to understand its growth story.
Mr Lee said: “For us we follow the rule of law. For them, an agreement is the beginning of a long friendship in which we make adjustments as we go along.
“Considering what is fair, and that makes for a misunderstanding at the beginning but we soon adjusted and we realise that in China, we do business the Chinese way which means we sign an agreement and it’s the beginning of a long friendship.”
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Tags: business china, china, lee kuan yew, mandarin, singapore