Chinese business as typified in the literature, ethnic Chinese business firms in Singapore are not homogenous. Any attempt to characterize overseas Chinese business into a stereotype would be gravely misleading.
Moreover, any exaggeration and glorification of Chinese business success arising from
Chinese business networks, would only lead to unnecessary jealousy, anxiety and
political tension in the Southeast Asian region. This is especially true when one tries to
link monetary wealth with political powers. Chinese business may be
incisive and enlightening. However, his observation of overseas Chinese business system
as “Ersatz Capitalism” may not be at all true. Even Singapore Chinese companies which have invested
in the real estate previously have also diverted part of their resources to invest in high
value and high-tech industries. Many traditional small family businesses whose capability in coping with globalization
may be in question.