the impact of globalization in
general, and the rise of China in particular, on ethnic Chinese business in Singapore.
Generally, public policy in Singapore has been tilted towards economic liberalization and
the immediate challenge facing ethnic Chinese business here is how to adapt to such an
increasingly competitive environment. Secondly, with the rise of China, it is interesting
to find out how do these ethnic Chinese businesses in Singapore exploit ‘ethnic
advantage’, if any, in their investment in China. The paper is divided into five parts.
After the Introduction, the paper examines the extent to which ethnic Chinese businesses
in Singapore have been affected by globalization, and their adjustment in the face of such challenge. The third section gives an account of possible threats and opportunities that
China may pose as a global economic power to ethnic Chinese businesses in Singapore.
In the face of globalization and the rise of China, the fourth section reviews existing
government policies in enhancing capabilities of ethnic Chinese businesses through
upgrading and restructuring efforts.