China is in turmoil now. Xi Jinping is cleaning house with a quiet internal purge. Bo Xilai is but the beginning, Dongguan is but collateral damage, it's been 'protected' by someone now in scrutiny, probably too late for him to flee. Lots of other government officials are quietly looking at ways to take themselves and their ill-gotten billions out before the net closes in.
Singapore stands to benefit from the massive cash flowing out through illegal channels if it can find loopholes in the US restrictions now that the Swiss has gone 'transparent' under US pressure. In all probabilities, most will find refuge in third world countries in S America and SE Asia, like Cambodia, where money buys anything - residencies, citizenships, protection, initially and move themselves and their money to safer havens later.
Soon, Singapore will be flooded with these Chinese 'economic refugees'. And they won't be buying your HBDs, nor your run-of-the-mill Sixth Ave 'villas'. And why not? Singapore has a friendlier than thou policy towards Chinese imports, more so for those with a spare billion or 2. Chinese is widely spoken and culture shared. And both are capitalists in practice while one is a closet Socialist and the other an outed Communist. Comrades.
