The external environment is indeed a big concern for us because even as we go about leadership transition and entering our next phase of development,… - Lawrence Wong

China certainly looks at the US as trying to contain, encircle, and suppress them, and trying to deny them their rightful place in the world. It is not just the leadership who thinks like that. I think if you talk to a lot of the Chinese officials, they feel the same way, they feel that there is this containment to put China down. There is that sense and for every action, there will be an opposite reaction. And so China you will see, trying to find ways to get out of that containment; to make sure they become technologically self-reliant. At the same time, China has been through phases of their development where they talk about standing up, getting rich and now being strong. They see themselves as a strong country, their time has come and they want to be more assertive in their national interest, including their national interest overseas. But there too, China will have to learn – as all big countries do – that if they overdo it, if they push their way around, coerce, squeeze or pressurise other countries, it will engender a backlash – including in the region. That is why they cannot go too far, and they will have to learn that lesson – it is a lesson that all big countries go through.

We understand the vital importance of good leadership, political stability and long-term planning. We ourselves are the beneficiaries of the imaginative policies of our founding fathers ... pursued resolutely and patiently over decades. Shaped by these experiences, our leadership style will differ from that of previous generations. We will lead in our own way. We will continue to think boldly and think far.

We will strengthen our partnerships, near and far; and advance Singapore's interests, so as to better shape outcomes for ourselves as well as the world.