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Monday, August 28, 2017

Singapore vs China in future economic developments.

What's our future in Singapore?  What's our grandeur plans?

The 2017 national rally speech primarily focused on pre-schooling, diabetics and technology embracement in the future which are mostly sociological in nature.  Will tackling these 3 sociological hurdles help Singapore to leap forward?  Are we at our wits' end now?

Let's look at what China focuses on.

China is focusing on Space, AI and Robotics developments while Singapore is only importing these technologies at its best because our government is focusing on technology embracement.  In other words, we only focus on the usages.  China has its own self-developed driverless transportation systems now while we're only importing the driverless system.


Financially, China has already developed its own financial technological systems like Alipay, QR code payment, Wechat financial system, etc.  Conversely, Singapore is just importing the QR code payment from China because of technology embracement.

It will become more demoralizing if I continue with the list and our prognosis will become bleaker.

Therefore, I will stop here to let you ponder over our future.

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