Two hundred years ago, Stamford Raffles established Singapore as a trading post for the China trade. In the 19th century, the jewel in the British crown was India and India's biggest trading partner was China.
We are now seeing before us a new China trade, much bigger than the one in the 19th century. Our history profoundly affects who we are and what our future will be. In the last 40 years, China's growth has been phenomenal, resulting in China impinging on the rest of the world, causing almost an inevitable reaction.