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Old 03-07-2008, 02:53 PM   #1 (permalink)
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Toilet Roll MM Lee says centre of gravity in global affairs shifting to China, India

MM Lee says centre of gravity in global affairs shifting to China, India
By Danny Lee, Channel NewsAsia | Posted: 02 July 2008 2329 hrs



Channel NewsAsia's Debra Soon (R) interviews MM Lee (L)

SINGAPORE : Singapore's Minister Mentor Lee Kuan Yew said the centre of gravity in global affairs is shifting to the East, particularly to China and India.

Mr Lee said this has resulted in a permanent change in world consumption and is already large enough to have shifted fundamentals in the world economy.

He added that China's key to success lies in its need to educate and change the mindset of the people.

In an interview with Channel NewsAsia’s Chief Editor Debra Soon, Mr Lee shared his insights on the Chinese leadership today, how China has changed and its impact and influence on the world.

In 1978, two years after breaking up the leftist Gang of Four, China's paramount leader Deng Xiaoping embarked on economic reforms and set China on a historic journey forward.

It was the same year Deng visited Singapore and met the then prime minister Lee. And 30 years on, MM Lee has met every Chinese top leader since Mao Zedong.

When asked if he thought the West is open to accepting China as a modern nation, Mr Lee said: "I don't see what the choice is. Whether you want to accept or (not) is not dependant on whether you like or don't like China.

"The question is - will China make the grade? If (China) doesn't get tangled up in any conflict with America, Japan, Russia or India, and has no intention of getting tangled up with any conflicts, unless it's over Taiwan, then she is going to grow."

It is this growth - the demand for commodities such as food, consumption, cars, travel - that has become a "durable trend", and resulted in the rise in food and oil prices.

Mr Lee rejected the idea that China could implode, should wealth be distributed unevenly between the provinces. He added that China has a stable system of political succession in place.

He said: "It's a very entrenched system of rotating talented people at the top, so that nobody develops a warlord attachment to any single province. As long as the centre remains strong, that will not happen, because they knew what happened during the warlord years.

"Now, the army is rotated, the police force chiefs are rotated, the party officials and the government officials are rotated. So you (don't have a) fixed permanent group at the top. It's always a changing combination of many different groups from different parts of the country."

Viewers who are interested in watching the full interview can catch it on July 9 at 7:30pm on Channel NewsAsia. - CNA /ls

http://www.channelnewsasia.com/stori...357848/1/.html


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Old 04-07-2008, 01:21 AM   #2 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

good time to invest in them now. haha

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Old 04-07-2008, 01:25 AM   #3 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

HAHA but some say investers will out instead of in

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Old 04-07-2008, 01:26 AM   #4 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

like duh....they are gonna be the two most powerful countries in years to come.

onglai in SB.
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Old 04-07-2008, 01:30 AM   #5 (permalink)
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Cool Re: MM Lee says centre of gravity in global affairs shifting to China, India

i tot these r yesterdays news...
it s like the whole world knew about it already...
with all due respect,i think MM Lee s gettin slower...

invest in them????
mayb a bit too late to catch the 1st train liao...

mayb look at diff sectors...


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Old 04-07-2008, 12:37 PM   #6 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

what? he never mention anything about sg????
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Old 04-07-2008, 07:15 PM   #7 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

i think they might come up for a few months go down again then grow in the future.
right now their price rock bottom
investment works on buy low sell high yea?

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Old 04-07-2008, 07:21 PM   #8 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

i think its shifting more to middle east.. oil price lol


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Old 06-07-2008, 03:34 PM   #9 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

not oni MM lee said tat....otr notable heavyweights mentioned tat too.


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Old 07-07-2008, 11:20 AM   #10 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

i tink invest in myanmar or vietnam would be better. how abt Russia anyone?

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Old 07-07-2008, 11:54 AM   #11 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

Quote:
Originally Posted by Voodoo Vince
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Mr Lee rejected the idea that China could implode, should wealth be distributed unevenly between the provinces. He added that China has a stable system of political succession in place.

He said: "It's a very entrenched system of rotating talented people at the top, so that nobody develops a warlord attachment to any single province. As long as the centre remains strong, that will not happen, because they knew what happened during the warlord years.

"Now, the army is rotated, the police force chiefs are rotated, the party officials and the government officials are rotated. So you (don't have a) fixed permanent group at the top. It's always a changing combination of many different groups from different parts of the country."

So MM Lee believes China will not implode, or have uneven and wide income gap because they don't have a "fixed permanent group at the top"...

Says alot about Singapore, right? We're imploding as we speak?
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Old 11-07-2008, 07:40 AM   #12 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

I thought it is already happening...

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Old 11-07-2008, 07:48 AM   #13 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

my china investment funds have been declining ever since.... -.-




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Old 12-07-2008, 01:47 PM   #14 (permalink)
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Default Re: MM Lee says centre of gravity in global affairs shifting to China, India

Same here. Who told me to invest in China one?

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