Much has been written about the slow-down of the Chinese economy but I realize that many Singaporeans have very little idea on how China manages to grow so fast and what is the foundation of the Chinese economy. I have compiled a short FAQ to give my readers a simple idea of how the Chinese economy came about and how it will impact Singapore.

How did the China Economy grew so quickly?

The Chinese economic reforms started in 1979 and using a similar development road map used by Japan and Singapore, the Chinese government focused on development of their infrastructure (roads, railway, real estate) and invited global MNC to set up their factories in China, to leverage on its huge & cheap population base. The Chinese government was able to roll out its developmental plans quickly due to central planning and they had been able to adapt existing technology …