Hi Flub,
You are right, this is actually part of their "culture". Many of the PRC businessman has the type of mentality of "chiong" for 3-5 yrs, make as much as they can using whatever method (I really mean whatever) and then disappear. We will all wan to avoid such business but many are unaware of it since spotting one is not exactly easy. There's where Singapore can play its duty, imo.
"They really need a benevolent and visionary leader to show the light.."
Yes. Totally agreee on this