Message Font: Serif | Sans-Serif
No. of Recommendations: 1
"In 1992, Deng Xiaoping, the former leader of the Chinese Communist Party who was instrumental in leading China to a market economy, described Singapore (EWS) as a strict, well-managed country that China must learn from and excel. Fifteen years later, Wang Yang, a Politburo member, highlighted the Singapore Model as the best candidate for China to emulate. His enthusiasm is shared by Xi Jingping, the top-ranked member of the Central Secretariat of the Communist Party of China, who made a trip to Singapore in order to consult with former Prime Minister Lee Kuan and his son, Prime Minister Lee Hsien Loong, his top priority after being confirmed as China's next leader.

There is a reason that the Chinese apparatchiks have developed a new-found love for the Singapore Model: The economic tidal wave unleashed by Xiaoping's economic reforms is beginning to undermine the Communist Party of China's control. The rise of the merchant class along China's coast has fueled calls for a decentralization of power, and now the CPC is looking for a new political structure to adopt that will both placate China's burgeoning middle class and preserve its own power and prerogatives. Singapore has replaced the West as China's new economic role model."

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.