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Singapore's private banking professionals are, of course, well-equipped to compete and make inroads into China. A key concern, however, is to catch up by nurturing banking experts who are proficient in the Chinese language.

Asian firms that make cheap cars and washing machines for Asia's emerging middle class, such as Tata, Hyundai and Haier, will make inroads into Western markets.

Singapore's private banking professionals are, of course, well-equipped to compete and make inroads into China.

RIM is understandably keen to defend its turf against the threat posed by iPhones and iPads, which being stylish and easy to use are starting to make inroads into businesses.