Name: Alex
Title of the article: Ride on China growth: SM
Author of the article: Cassandra Chew
Source of the article: Straits Times
(http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_490960.html)
This article briefly narrates an experience that a 26-year-old Singaporean accepted an offer to work in China as a management trainee. He was looking forward to this opportunity desperately and even wanted to start his own business there after a six-month internship. Senior Minister Goh Chok Tong spoke highly of this internship. He considered that the economy of China was keeping booming all the time and there were much more chances for people to set up their own business. Senior Minister also thought that this was a perfect occasion for Singapore to 'spread their wings in China’.
Admittedly, Singapore government and companies really put an emphasis on the development of China and its market. From Suzhou Industrial Park to Sino-Singapore Tianjin Eco-City, we can see the efforts which they have made to enhance their significance to the economy of China. As this 26-year-old Singaporean has mentioned in the article, everyone knows it is booming. However, another fact is that the economy of China is still not mature enough and full of potential. Some parts are relatively new for pioneers to open up. In short, the country that influences China more right now will get the largest share of profit from China in the future. For example, in Singapore and most parts of world, it seems that KFC is hardly comparable with McDonald’s. In contrast, in many parts of China, KFC entered the market earlier than McDonald’s and changed its recipe more to cater to the appetite of Chinese. As a result, it has taken up more market share than McDonald’s and this is quite a spectacular success of the KFC Company. So, I applaud for the decision which Senior Minister Goh Chok Tong has made to support Singaporean to ride on the growth of china.
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In my point of view, I really agree with the idea that the Chinese and Singaporean transacts financially. This is a good way to solve the over unemployed problem in China, it also helps Singapore to improve its investment in other countries. Alex's idea is very good, he used some real-life examples, like the contrast of KFC and McDonald's to illustrate the idea clearly.
ReplyDeleteI think the example of the contrast between KFC and Mcdonald's is not suitable here.
ReplyDeleteI am a little confused the reason to put this example here.
The analysis is good, I agree Singapore and China are looking forward for more cooperation. However, a lot of youngsters choose to set up their own business without well preparation. They make decisions too quick, many of them it not mature enough to maintain their company. It may be a opportunity, but sometimes they waste time and monty becaure of their ignorance.
Be prepared is a good method
rainy