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Growth of China, India to shape new world order

(Xinhua)
Updated: 2009-10-20 04:24

SINGAPORE: Singapore Minister Mentor Lee Kuan Yew said on Monday that the growth of China and India will result in a new world order.

According to local TV broadcaster Channel NewsAsia, Lee spoke at a dialogue held at the National University of Singapore that the recent financial turmoil had possibly accelerated the pace of growth for the two countries.

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He pointed out that China was growing at between 8 and 11 percent a year, while the United States was growing a mere 2 to 3 percent, but he noted that it does not mean the United States will take a back seat in the new world order.

"I do not think the Americans are finished. I think they are still a dynamic economy. If we look at the past records, they are the most flexible, most entrepreneurial and willing to re-emerge in new forms," Lee was quoted as saying in the report.