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Author: Starrob Big funky green star, 20000 posts Old School Fool Ticker Guide Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1636  
Subject: Chinese Officials Are In Love With The Singapore Date: 8/14/2012 4:56 AM
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"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."


cont'd

http://seekingalpha.com/article/785611-why-chinese-officials...
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