https://www.newsweek.com/bidens-right-ch...on-1909925
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(09-06-2024, 07:56 AM)sgbuffett Wrote: Start-ups are closing, no one can find a job, millions of people are paying mortgages on apartments that haven't been built, city services are closing down—it's a grim situation for Chinese people," says Stevenson-Yang, also author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy. "The sad thing about China is that the economic model has reached the end of its useful life, and there is nothing to do but change the model or incur great suffering."
https://www.newsweek.com/bidens-right-ch...on-1909925
(09-06-2024, 07:56 AM)sgbuffett Wrote: Start-ups are closing, no one can find a job, millions of people are paying mortgages on apartments that haven't been built, city services are closing down—it's a grim situation for Chinese people," says Stevenson-Yang, also author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy. "The sad thing about China is that the economic model has reached the end of its useful life, and there is nothing to do but change the model or incur great suffering."
https://www.newsweek.com/bidens-right-ch...on-1909925
(09-06-2024, 09:27 AM)cityhantam Wrote: Gordon Chang again???
According to him, China has already collapsed many years ago hor!![]()
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(09-06-2024, 11:03 AM)aiptasia Wrote: The fact that Sgbutt reposts anti China hawks' opinions like Gordon Chang 's tells us what a anti China pukimak this Sgbutt is.
As the Cantonese say, eat shit and poop rice!
(09-06-2024, 11:53 AM)Blasterlord2 Wrote: And then he'll tell you that he's being objective, and not negative. His posts speak volume of his intent and yet he still tried to deny it. It's a denial that he himself doesn't seem to realize.
I like to be specific but people who criticize China are not. Let me point out my opinion of what the real problems of China's economy are:
1. Purchase of almost everything online. This results in the closing down of 实体店。Some may argue that it's good for consumers as it'll bring about lower costs but in reality it cuts off a whole chain of supply and demand. Employment rate goes down as there's less need of service staff. Dun even compare Singapore's online purchase as it's of a different order of magnitude from that of China's.
2. With everything going online, more Chinese youths tried to be 网红 than find real work. What kind of skills do they pick up? This, to me, is the real virtual opium, where people try to find easy way out to earn big bucks. Again, Singapore has its fair share of influencers but not comparable in scale to China's.
3. Arrogance of some big Chinese companies. One example is the EV car industry, with many big bosses thinking that just because they are starting to dominate this area they dun need to learn from foreigners. With its intense competition internally, these companies resort to exaggeration of their products to mislead consumers, and the Chinese laws dun offer sufficient protection to the consumers.
(09-06-2024, 06:39 PM)RiseofAsia Wrote: Dont laugh!
(09-06-2024, 06:19 PM)revealer Wrote: Not sure y you pple kept attacking those who post negative news on a personal level. Except for inferiority complexity and disorder problem, there is no better explanation. If you pple r not one of those kinds, y not just make comments on the subject matter objectively and give your counter arguments politely without showing your cowardice and disorder behaviour. Most importantly, show tt you re defending your country’s pride and honour and not acting like a “SAMSENG” who only know how to scold pple.
(09-06-2024, 03:44 PM)RiseofAsia Wrote: They have been saying it for donkey years.
Ah Butt still believe it.
With Rate starting to cut, China strong recovery is on the card.