Singapore is a tiny island of no import compared to 1.4 billion people who have the most thriving economy on the planet. The Chinese see it as their time. And it is.
I saw hard working, arrogant people, full of desire to prove themselves as the best. It is a heady mix of money, emotion and self belief. The World thinks it is understanding China and its rise but the jaws will drop when the Olympics are braodcast. Then the West will get some idea of the energy, wealth and ego that is the new China. China still has a billion people desperate to step into wealth who will work 24/7.
I believe China will track the growth of Japan. Remember them, they once had more cash than the rest of us combined. China will make them look like also rans.
My partner speaks Chinese and her family are big in politics and that is what I call an insurance policy.

BTW NZ is getting a new 14 foot tri design made there for export to the rest of the World. F18s etc will follow the same path. Chinese made cats.....what's the bet?