06 Feb '12, 9pm

PM Lee: "Poor in Singapore less badly off than in nearly anywhere else"

IN AN interview on CNN's 'Fareed Zakaria GPS', Prime Minister Lee Hsien Loong talks about US overtures in Asia, China's economic growth and military profile, and how Singapore addresses inequality. Here are excerpts from the interview: ON CHINA'S ROUGH LANDING MR FAREED ZAKARIA: One of the great concerns people have, looking out this year, is that the Chinese economy is going to slow down ... that in order to get out of the financial crisis, the government overspent, over-lent, and that these excesses are now going to begin some kind of a tough landing, if not a hard landing. What do you think? MR LEE HSIEN LOONG: I am an optimist on this, fundamentally. I can't say that there will be no bumps in the short term. But I think in the long term, the trend will be up. They've built a lot of infrastructure. They have built a lot of capacity in many industries, autos, some of the...

Full article: http://www.todayonline.com/Singapore/EDC120207-0000021/Of...

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