I know that the land area of Singapore is only 700 square kilometers, which is similar to that of Huiyang city in China. Why is it developing so fast?

First: seize the opportunity. After independence from Malaysia, Singapore seized the opportunity to develop an export-oriented economy in more than 40 years and quickly turned into one of the four little dragons in Asia.

Second: the international atmosphere. Singapore is a multi-ethnic immigrant country and one of the most international countries in the world. Therefore, Singapore can absorb good ideas, concepts and cultures from outside in time, and it is also easier to integrate with the international community.

Third: three pillars. Singapore is one of the important financial, service and shipping centers in Asia. These three industries just don't need much land, but they can have high output value.

Fourth: the environment is beautiful. Singapore has achieved remarkable results in greening and cleaning, and is known as a garden city.

Fifth, international trade is developed. The opening of the Suez Canal in Egypt has promoted the rapid growth of global trade. Singapore has become a major trade base in the world, and Singapore Port has also become one of the busiest ports in the world.

Sixth: the tourism industry is developed. Many foreign tourists are willing to travel to Singapore, and tourism is one of the most productive industries in the world.

Seventh: Singapore is a major oil refining center in Southeast Asia, and its oil refining capacity is equivalent to twice the consumption of petroleum products. There is no doubt about the role of oil in human beings.

Eighth: the transformation was successful. Singapore's early labor-intensive industries gradually transformed into capital, technology-intensive industries and high-tech industries with high added value, and then developed into knowledge-intensive economies such as information industry.