Before establishing formal diplomatic relations with China, Singapore was already enjoying close economic and political ties with China albeit on an informal basis. Both countries elevated their relationship to a more formal level by establishing diplomatic relations on October 3 1990. Since then, the economic and trade cooperation between the two nations has expanded steadily and China has become Singapore 's largest trading partner in 2014 with the bilateral trade amounting to S$121.47 billion. From Singapore’s perspective, being an entrepot city devoid of natural resources, it had historically no choice but to be the middleman of all the trading nations, including China. Due to its strategic and well-located geographical position, Singapore had emerged as an important middleman and reexport centre for natural rubber from Malaya to China and a distribution centre for China’s commodities to Southeast Asia. When reforms in China began to rejuvenate its internal economy and to open it up to the global economy by signing a number of regional trade agreements and by accessioning into the World Trade Organisation (WTO) in the year 2001, Singapore has been actively pursuing economic opportunities in China. Singapore and China are contracting parties to the United Nations Convention on Contracts for the International Sale of Goods (CISG), which establishes a system of uniform sale of goods rules to govern the rights and obligations of parties to international sales contracts
The United States and China Relation started since 1784, but it wasn’t until 1970’s when The United States finally recognize the communist people from China. This led us to be influenced by their culture, politics, but the most important economically. The relation of these two countries was not so good at the beginning, since China is a communist country that was involved with many countries that were in war. The interaction of these countries goes back to 1785 when the first Chinese sailors arrived to Baltimore looking for wealth and then it increases in 1847 with the Gold Rush in San Francisco that attracted many Asian Immigrants in look for new opportunities. The U.S. Department of State mentions in their archive United States Relations
China and the West made significant contributions towards the evolutions that took place in the world. During the 18th century, Western opinion on China underwent radical change, due to what seemed to be China’s unwavering attitude towards the West. In spite of the fact that earlier Europeans had high regards for China, especially in idealized terms, this changed. By the late eighteenth century, the West viewed China as closed and hidebound society that immensely lacked interest in new knowledge, innovation, and science. Consequently, this led to a paradoxical situation in relation to the counterclaims towards each other. The ensuing relations and opinionated positions informed much of the historical events that took place in the latter years. In view of this background, China’s reserved in her attitudes towards the West in the light of the general validity of late eighteenth century European claims.
Moreover, nowadays, China is a cross trade place where all countries come in order to do business. It’s today a central point for the manufacturing and the trading thanks to the work and the financial power of this country.
So, on the Taiwan issue, if both the United States and China Mainland could abide by the three joint communiquОs and relevant promises, particularly the principles of mutually respecting sovereignty and territorial integrity, the China-U.S. relationship will strive forward in the new century toward the goal of establishing a constructive strategic partnership.
“The threat to Singapore is not Malaysia,” John Vautrain, a Singapore-based senior vice-president at U.S. energy consultancy Purvin & Gertz Inc., said in a telephone interview that if there was a threat to Singapore, people talk about Shanghai or the Arab Gulf. Shanghai is obviously a much larger consumption center, but the problem is there’s not much free trade. It’s not a shipping hub the way that Singapore
China has negotiated FTAs with other nations to promote its economic growth and development contributing to globalisation through trade in goods and services. FTAs are international agreements between two or more countries to remove the high barriers of trade such as the removal or reduction of tariffs. China has entered into numerous FTAs such as the multilateral ASEAN-China Free Trade Agreement (ACFTA) and the bilateral Australian-China Free Trade Agreement (ChAFTA). The advantage of FTAs agreements is that it has opened opportunities for China’s goods and services to enter the global market. China’s international trade flows have increased 500% since 1992 (UNSW). China’s exports grew 6.9% from 2016 to 188.98 billion USD in October 2017, with the largest increase of export
The geographical location of Singapore: an important crossroad of the world with high developed economics;
To date, America is seen as the unipolar power in the world, but with the growth of China this position is being challenged. There are several factors affecting U.S.-China relations, such as security, nuclear weapons, common threats and the integration of China in international organizations. However, it is arguable that the main elements shaping their dealings are three: firstly the narrowing gap between the two powers, secondly the different ideologies and finally their economic interdependence. By focusing on empirical evidence and adopting mainly an offensive realist’s perspective to support the main thesis, this essay will argue that the three factors mentioned before are crucial for a possible worsening in America-China relations. Indeed, despite the effort to cooperate, the two states do not appear prepared to compromise, as they are seeking to prevail one on the other in a race for global superiority.
A lot of international trade is going on in Singapore due to its strategic location, highly developed port facilities and its free trade policies that involve very few trade barriers. Singapore has virtually no natural resources; therefore the country is highly dependent on import. Their primary source of import is Malaysia, followed by China, the United States and South Korea. Total value of import amounts to $373,016 million according to WTO data 2013. Top products imported by Singapore mainly include raw materials (such as iron and steel), machinery and equipment, and consumer goods, fuels, mining products and foodstuff. Key export partners are Malaysia, Hong Kong, China and Indonesia. The value of exports amounts to $410,249 million (WTO data, 2013) and consists of commodities such as capital goods, machinery and equipment, consumer goods and fuels. However, a big part of Singapore’s export consists of re-exports of
This paper tries to study the relations of one superpower and another emerging power in the world. This bilateral relation has passed through a roller-coaster nature since the Cold War period. But then since post cold war period the relations had warmed and it became a ‘strategic partnership’ . This paper tries to do an in-depth study of the changing relation between two countries, with historical background, major events, understanding the importance of this bilateral relation with respect to India and the current statistics analysis of the various prospects of this relation.
For years, China renminbi has been set each morning, then allowed the currency to get trade in the stock market, but then China economy got in a risk. Two crisis turn into the biggest drop in the renminbi since 1994. One was the burn in Tianjin. The other was the stumble of the stock exchange of Shanghai. Residents had experiencing the explosion at a chemical-producer storage that caused the death and hospitalization of over 600 employees. This tragic incident was the consequence of the corruption of the authorities. The containers were contaminating with exceeding 27 times the safety level of sodium-cyanide. Why nobody was responsible enough to prevent this problem? Inspectors have knowledge of this, but they didn’t do anything at the respect, they only acted as they weren’t allowed of the situation.
There are 15 interviewees who come from north of China, and 5 people are female and 10 people are male. All of them come from male-dominated industries in China, 5 people are from engineering construction industry, 4 people come from electric power systems, 2 people come from motor industry, 2 people are from installation of equipment industry and 1 people from logistics industry. There are 7 people who are under 30 years old and 4 people over 30 years old and 4 people over 40 years old. Therefore, there are 6 people who have under 5 years experience at work, 5 interviewees who have 5-10 years experience and the rest 4 people who have over 20 years experience at work. Most of them are taken a well-education (undergraduate level) and most of them are in technical positions in organization. Therefore, most of their leaders are in medium-level position of the company. There are 8 people who are in the state-owned enterprises and others who are in private companies.
Singapore has a highly developed free-market trade –oriented economy and heavily relies on export and import. The tiny landmass of the nation means Singapore has little natural resources and small domestic market. As a
Since the opening of China’s doors to world trade in the late 90’s, it has become an emerging super power.
Singapore has traditionally been strong in international as well as having one of the highest gross domestic product per capita (GDP) in the world. Its primary sectors include financial services, petroleum refining, manufacturing in several prominent products (pharmaceutical, electronics for example) and tourism. With continuing openness in government policies towards a free market and economic development, it will push the country to be on a competitive level with other countries that have a relatively larger economy than us. (Dfat.gov.au 2014)