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(28-08-2023, 11:15 PM)way Wrote: Their prospects are in stark contrast to President Xi Jinping’s “Chinese dream” of turning China into a high-income nation. Youth unemployment hit a record high of 21pc in June, China’s growth model has broken and economists warn the nation is teetering on the edge of a debt crisis.
Where have S'poreans heard this before? Oh yes, when a certain Goh Chok Tong promised us a Swiss standard of living, which only 20% of us have achieved while everyone else only has the Swiss cost of living!
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SgButt enjoys telling lies and fake news.
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(This post was last modified: 31-10-2024, 07:05 PM by
Purikura.)
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They like to wait and wait until problem deepen then do something.
I heard of teh local govt debt problems for many years but nothing don't until now so serous the local govt can't pay workers contractors and service debt.
When whole thing about to collapse then they step jn yo do stimulus and it will cost 6T for the local govt debt.
But the problem already become so big ...you need to do more and more to deal with it.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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