Quote from tradingjournals:
That is propaganda. The chinese were brought so that Singapore be sloten from the Malays who are the original people's of singapore. When the Japanese defeated the British in Singapore, Lee Kwan Yew
worked for his Japanese masters, while it was a Malay who stood to fight the Japanese until the ultimate sacrifice --- What is the name of that Malay man (Adnan Bin something)?
The reason Singapore is rich is its location at the center of trade routes. The chinese majority brings chinese immigrants to sustain the chinese majority.
Productivity in Singapore is low. They bring in cheap low skill labor to keep increasing their GDP. It must have created high profits for government and for companies, and the inflation must be rising.