“When the Chinese say that they are growing at 4% to 5%, people think that is a disaster. Yes, there are obvious challenges for the Chinese economy, because there’s a large number of young people coming through the system that need to find work, housing and so forth. But on the other hand, 4% to 5% growth for such a big economy is still quite respectable.”
Singapore takes a long-term perspective to its relationship with China and its trajectory, says Minister for Education Chan Chun Sing. “In any long-term trajectory, there will be ups and downs, whether it is bilaterally or in China’s growth.”
Speaking on Jan 22 at an event organised by the Singapore Institute of International Affairs (SIIA), Chan notes “a certain natural momentum” given the size of China’s population and its economy.
