4 ms·
Singapore, where the trade-to-GDP ratio is 320%. The best way to get money out of China is to ship goods to Singapore at a loss, then sell them on the Europe or
by paulsutter 4y ago
Singapore, where the trade-to-GDP ratio is 320%. The best way to get money out of China is to ship goods to Singapore at a loss, then sell them on the Europe or the Middle East realizing the profits in Singapore
Look at the port of Singapore. Massive loading and unloading from ships, but no rail or lines of trucks leaving. Look at the hundreds of ships parked offshore waiting to load or unload. Look at the position on a map (every ship heading east from Asia passes Singapore, 2000 merchant ships per day)