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The Dubai Financial Center has already been played out, and now it’s the turn of Po County to take the knife—..
Not that long ago, the U.S. directly swung the 301 investigation hammer at Singapore, along with a set of combined accusations: so-called “forced labor,” “structural overcapacity and overproduction”—all nothing more than pre-made labels slapped on.
Everyone knows what “Uncle Sam” is thinking—wanting to take hold of the Malacca Strait’s choke point while also dismantling Singapore, an Asian financial hub that sits entirely outside his complete control.
Port and jurisdiction: the battle over a choke point
• Singapore Port is the choke point of the Strait of Malacca and a global shipping hub
• The U.S. wants to expand jurisdiction over ports, maritime affairs, and supply chain security
• If Singapore makes concessions
◦ Sovereignty is undermined
◦ The independence of the financial center and shipping center is directly wiped out
◦ It’s equivalent to handing the “Eastern choke point” over to U.S. control
Financial center: it’s indeed being “hollowed out”
• Dubai has clearly been weakened, with large amounts of capital and institutions moving to Singapore
• The U.S. is now squeezing Singapore in return:
◦ Using 301 + regulatory pressure
◦ At the same time courting and penetrating the Singapore Exchange (such as the Singapore Exchange—Nasdaq cooperation)
• Logic: not letting Singapore become an Asian financial core independent of the U.S.
After enjoying U.S. dividends for so many years, is it finally time to pay back the principal and interest?