Edward Harrison

Singapore: Why Is Industrial Production Declining?

Thanks, that is good color on what is happening in Asia.


On Oct 07 05:23 AM Steven Hansen wrote:

> Edward,
> Although the PMI is still showing expansion, Singapore is seeing
> a slight contraction in export orders.
>
> Singapore's overall game plan is to shift a higher percentage of
> GDP into entertainment, high end manufacturing, and other non-manufacturing
> services.
>
> they like everyone else, must compete against chinese manufacturing.
> they realize that this is a losing game. but unlike everyone else,
> they are correcting their game plan.