Wednesday, April 01, 2009

Power Structure in Singapore

Singapore sees India, China role growing

SINGAPORE (CNN) -- The current global economic downturn will change the worldwide power structure, giving China and India a stronger role to play in the future, Singapore's foreign minister said Tuesday.

Singapore's economy is expected to contract between 2 and 5 percent this year, the Ministry of Trade and Industry said last month. But the Singaporean foreign minister said he foresees the situation affecting the small city-state's relationship with its various allies -- particularly with China and India. Declines in global demand for electronics products, pharmaceuticals and chemicals were also likely to weigh on the manufacturing sector.

http://www.cnn.com/2009/WORLD/asiapcf/03/31/g-20.india/index.html

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