plethora of business and investment opportunities presented by the country, by reinvigorating their ancestral hometowns through real estate development and investing. Characterized as an outsider nation in Southeast Asia, Singapore itself is known as a "small Chinese Island in a Muslim Sea", as the Chinese Singaporeans are well known for their business prowess leading them to be regarded as the "Jew of the Orient". Measured in 1990 dollars, the average household monthly income rose from S$3,080 in 1990 to S$4,170 in 2000 at an average annual rate of 2.8%. According to the 2005 Singaporean census, both the average and median monthly income for Singaporeans of Chinese origin were (S$3,610 and $2,500 respectively), exceeded the national average. The household and median income for Chinese Singaporeans commonly exceed the national average where it remained the highest out of the three major ethnic groups in 2000. Chinese Singaporeans held the second-highest median and average household income among all three major ethnic groups in Singapore after Singaporean Indians in 2010. Singaporean Education System Singapore's Chinese education began with the establishment of old-style private Chinese schools (known as "Sishu 私塾") by early Chinese immigrants during the 19th century. These schools predominantly used various southern Chinese varieties (such as Hokkien) as its medium to teach Chinese classics. In the 1920s, as influenced by China's New Cultural Movement, many Chinese schools in Singapore began to change its medium of instruction to Mandarin. During the British colonial times, the colonial government generally allowed the Chinese community in Singapore to organise and develop its own system of Chinese education. By the 1930s and 1940s, with donations and fundings from the public, more Chinese organisations began to set up more Chinese schools. In 1953, the chairman of Singapore Hokkien Huay Kuan, Mr.Tan Lark Sye organised and helped to establish the first overseas Chinese-medium university (Nanyang University) in Singapore, leading to the establishment of a well-structured Chinese-medium education system (from primary school to university) in Singapore. However, after the 1960s, the left-wing communist ideology of the People's Republic of China conflicted with the capitalist policy of Singapore. To attract western investments, the Singaporean government decided to adopt the fundamental policy of making English its main lingua franca and working language. To prevent Chinese Singaporeans from being influenced by left-wing political thoughts, Singapore greatly promoted English and attempt to end Chinese education. On the one hand, it encouraged Chinese Singaporeans to attend