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Friday, March 17, 2017

Singapore non-oil domestic exports surge significantly.

Singapore is doing well because of China as China is our biggest export destination.  February is an exceptional month because of CNY exports to Chinese countries like Taiwan and China.  This is just an aberration which will not be repeated after February.  This CNY export was definitely better than last year's CNY as there's burgeoning growth in the Chinese middle class.  China is changing its economy structurally into a consuming nation.

We have to be wary of our dependent on China as SK's lesson is what we will encounter in the future when we offend China.

1 comment:

Eric Ho said...

Please note that CNY in China is 7 days instead of 2 days in SG.