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China Needs 40 Yrs To Become Modern: Ex-Singapore Prime Minister

Saturday, May 23, 2009

TOKYO (Nikkei)--China needs another 40 years or so to develop into a fully modern country, although some fast-growing coastal areas may get there within 30 years, former Singaporean Prime Minister Lee Kuan Yew said Friday at Nikkei Inc.'s International Conference on the Future of Asia in Tokyo.

Lee, who now serves as minister mentor in Singapore's cabinet, noted that China is striving to become a modern state with developed medical services and so forth.

The government could help reduce inequality by enabling citizens to move about the nation freely, he suggested.

(The Nikkei May 23 morning edition)

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.