If you interview world leaders, everybody will say they are for free trade. But what they mean by it and what they do when they say they are pro free trade, you have to watch and see.

With Singaporeans, you speak English, you're well-educated, the doors open everywhere.

Chinese companies - telecommunications and technology companies - are some of the best internationally. Taobao, WeChat, Huawei - not only are they large companies, but they're also very technologically advanced.

We are looking for ways where you can have a sandbox, where you have a restricted environment within which people can try new things, and I can try new rules. And depending on what works, then I open up the sandbox, and it becomes the new rule for the whole system.

When people say they don't want a nanny state, they are, in fact, in a conflicted state of mind. On the one hand, they want to do whatever they want and not be stopped. On the other hand, if something goes wrong, they want to be rescued.