Thursday, 19 February 2015

Shin Young's Reflection ( 3 )

The econmic growth recorded in China last year has been the lowest among all the years. It has also been recorded that the economic growth is becoming lower and lower over the years. Lower China growth will have a an adverse on its trade partners especially in Asia. Many products are made in china. Hence, many countries depends on China to make products as China manufacture products in a cheaper price. 
For example, the Suzhou Industrial Park in China is a park made by China and Singapore when Chinese delegations visited Singapore in the 1980s. The Chinese visitors were eager to learn modern management methods, while Singapore was also planning Economic Regionalisation, which focused on overseas investment. In 1992, the idea of developing a modern industrial township with Singapore experience was broached. Through many processes, the Suzhou Industrial Park was developed.

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