The Lee Hsien Loong Government's Economic Policy Towards China

This article takes the Lee Hsien Loong government's economic policy toward China as the research object,and divides it into three time periods: 2004-2011,2012-2017,and 2017-present.Economic development is one of the important sources of the ruling foundation of the People's Action Party,and China is a huge and vigorous world economy.Therefore,cooperation with China to ensure economic development is obviously a major trend in Singapore's economic policy toward China.However,the Lee Hsien Loong government also has some fine-tuning on this general trend.This article attempts to comprehensively discuss the Lee Hsien Loong government's economic policy towards China and tries to fine-tune the “V” shape of the Lee Hsien Loong administration's China economic policy: “Actively implement the “China strategy” and promote Sino-Singapore economic and trade cooperation-political and military biased containment At the same time,China is promoting the "TPP" that excludes China,and the economic and trade cooperation between China and New Zealand has declined slightly-re-deepening economic cooperation with China."This article establishes a model of "China-Singapore trade competition,changes in Singapore's economic strategic position with China-changes in Singapore's economic concerns about China,changes in future economic profit and loss forecasts-the Lee Hsien Loong government's economic policy towards China".China's economic strategic position is an independent variable,Singapore's economic strategic concerns about China are an intermediate variable,and the Lee Hsien Loong government's economic policy toward China is a dependent variable.The changes in the Lee Hsien Loong government's economic policy towards China happened in this way: when the trade competition between China and Singapore increases and Singapore's economic strategic position with China declines,this will stimulate Singapore's strategic concerns about China's economic strategy to increase sharply,and stimulate the Lee Hsien Loong government's economic policy towards China to become tough,Forcibly pushing the "TPP" that excludes China;when new trade competition declines and Singapore's economic strategic position with China rises,Singapore's sense of concern about China will decline,which will prompt Singapore to strengthen economic and trade cooperation with China,including deepening the China-Singapore “area”."All the way" cooperation.Finally,this article uses the above model to predict the future Singaporean economic policy towards China.Against the background of possible Sino-US side elections,this article believes that after the impact of the new crown epidemic has weakened and Singapore's economy has recovered,Singapore will still strengthen the“Belt and Road” and regional economic cooperation between China and Singapore.