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The Yiwu International Trade Market in China has experienced a boost in international trade, particularly exports to France, ahead of the 2024 Paris Olympics with Yiwu's exports rising by 42 per cent and sports goods soaring by 70 per cent. Despite global supply chains shifting away from China, the country's manufacturing investment has increased, and companies like SHEIN with their data-driven, flexible 'small-batch' production approach outpace traditional competitors, exemplifying China's capabilities, while also raising concerns about data privacy.
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Singaporean Prime Minister Lee Hsien Loong announced that his deputy, Lawrence Wong, would be the next leader of the country. Wong is widely seen as a competent technocrat with a common touch, and his appointment is expected to bring continuity to the government. However, Wong may lack the vision needed to address the numerous challenges facing Singapore. Amid political scandals and an increasingly vocal opposition, Wong will need to balance continuity with bold leadership to ensure Singapore's continued success.