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Countries are starting to feel threatened by a centrally controlled Chinese economy that works
one belt on road - tight coordination between government and companies - relationship was good until 2008 before which US helped China grow rapidly
- Trump’s tactic as a strategy to consolidate control in the government
of lowering tax rates for bringing back funds to US - tariffs on other countries to drive up USD exchange rate - VC might consider doubling down on existing companies
- impact
Chinese economy slowing down - Chinese merchants extracting money from companies and laying low while tsunami passes - US companies implicated - most Singapore companies not thriving - increased occurrences of suicide in Singapore - Port activities slowing down in Singapore, potentially moving to Tuas Area - will last for next 7 years - demand for entertainment/tourism will increase to stave off feelings of aimlessness - Tired looking grab driver
- On transition period for next four years
high risk and uncertainty - foreigner disadvantaged in US with Trump as president - be wary of entering into legal agreement overseas
- tech trend
when everybody going high tech - Time to go really low tech - focus on cash flow and avoid liabilities - Go into farming and buy a piece of land - Uber caused a lot of accidents in Singapore hence banned
- NUS school of computing requires students to have triple AAA in their A levels before they could even be considered for admission
Contacts
- Thomas Gorissen
- Peter Gwee
- Jim Ellis
- Dad
- Garis
- WenKang
- Mr Khoo