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SINGAPORE: Minister Mentor Lee Kuan Yew said he believes that the US can be a benign stabiliser of the world as without it East Asia would never have grown as it has.
He said this in an interview - focusing largely on US-China relations - with Charlie Rose which was aired on Bloomberg TV.
Still, the looming deficit in the US is what worries Mr Lee as that strikes at the heart of US global leadership.
His concern is that if the US dollar comes to grief in the short term and there is a run on it and the financial community begins to move its assets out, that is when trouble begins.
Turning to China, Mr Lee said the country may be proud of its 5,000 years of civilisation.
But it has to understand that with membership in the world order also comes obligations and responsibility, and China has to give something back to the people of the world.
On Singapore, he said it has maintained its position by riding the shifts of the world and the country will not take sides - not between America and China, or between China and India, as it looks at what is developing in a multi-polar world. - CNA/vm
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