The Chinese are not stupid. Our Garment are.
The good things in China are given to HK and Taiwan businessmen first. The scraps are offered to Singapore like the current TianJin Eco City. Watch for this to bomb big time. The good Chinese companies are listed in HK Exchange. Those cannot make it there come here to get listed.
Levono is the computer hardware arm (minus servers) of the old IBM. Whats in S'pore are the old remnants and anyone will tell you that the regional HQ cannot be in S'pore for a Chinese company.
Remember Sim Wong Hoo? he was doing very well until he was "pressured" by a "Key" shareholder to bring in an AngMo Coo.
Last year he had to lauch a new product in China bcos our Garment never gave creative the support the Chinese gave him. Check the news archive for this comment of his.
Btw, for the young please google for his "No U Turn Syndrome by Sim Wong Hoo" to find out what king of a country this is. It's getting worse btw.