Integrity, meritocracy and inclusiveness: Singapore's core values

Today we are living in an environment that is changing rapidly, both politically and economically. By and large, things are going well. The biggest question now is the relationship between the U.S. and China that is the most important relationship in the world. For many years now, we have lived in a world where the U.S. is the dominant power, and overall it has been a benign superpower, providing stability. Now China’s economy has grown significantly and China is a rising power. In many ways, China is occupying a greater role in the world. It is now the second-largest economy in the world after the United States. There are, of course, some tensions between the two nations the latest being trade tensions which have created some uncertainties. But so far, there is no major impact on the world economy or on Singapore, although it can become more serious if it continues this way.