Singapore PM Warns of Regional Fallout from US-China Tensions
- Singapore’s PM Lawrence Wong highlighted the economic and regional impact of rising US-China tensions in a national address. - Wong emphasized that the rivalry between Washington and Beijing is Singapore’s biggest geopolitical concern, affecting trade, security, and cooperation. - He noted that Singapore, heavily reliant on trade, is vulnerable to these tensions, with a trade to GDP ratio of 311% in 2023. - Wong warned of a changing global manufacturing landscape, with developed countries reshaping supply chains, potentially impacting Singapore’s role as a transshipment hub. - The speech, Wong’s first National Day Rally as PM, also addressed domestic policies on education, families, and housing, stressing the importance of social cohesion. Source: [Financial TImes](https://www.ft.com/content/f5c1592e-c2d6-4638-a12a-18f0355928aa)
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