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Friday, May 19, 2017

Bad news! China has isolated Singapore from its one-belt-one-road initiatives.

China snubbed SG and SG didn't manage to sign any deal with China for the one-belt-one-road initiatives while our neighbour, Malaysia, signed some deals with China during the summit.

There's also a rumour that SG proposed to engage Japan as the HSR main contractor but Malaysia rejected the notion because it preferred to engage China as HSR main contractor.

Singapore risks being ostracised in ASEAN now because other ASEAN members will have a common topic for discussion (one-belt-one-road) while Singapore will be left in the lurch.

Furthermore, SG couldn't get the EU-SG FTA endorsed by EU.  Sigh!

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