SG Talk

cityhantam
this is main stream media...not fake news
and it say china economy no good
thats means its real..
wake up lah
still dreaming of beaityiful china  ah
https://youtu.be/bGVIR8Mw0kU

Dont be fooled by the media lah.

China and US do not have deep hatred lah.
Chinese ppl have never treated US as their real enemy.

US is only blocking China growth nia lah.
With Chinese determination, nothing can stop them.

这一代的中国人是最聪明的一代，闯不过去前面的路障，是没有道理lah…

(21-08-2024, 05:58 PM)RiseofAsia Wrote: [ -> ]Dont be fooled by the media lah.

China and US do not have deep hatred lah.
Chinese ppl have never treated US as their real enemy.

US is only blocking China growth nia lah.
With Chinese determination, nothing can stop them.

这一代的中国人是最聪明的一代，闯不过去前面的路障，是没有道理lah…

https://www.voanews.com/a/us-officials-t...39294.html

(21-08-2024, 05:58 PM)RiseofAsia Wrote: [ -> ]Dont be fooled by the media lah.

China and US do not have deep hatred lah.
Chinese ppl have never treated US as their real enemy.

US is only blocking China growth nia lah.
With Chinese determination, nothing can stop them.

这一代的中国人是最聪明的一代，闯不过去前面的路障，是没有道理lah…

(21-08-2024, 05:09 PM)singaporean1964 Wrote: [ -> ]cityhantam
this is main stream media...not fake news
and it say china economy no good
thats means its real..
wake up lah
still dreaming of beaityiful china  ah
https://youtu.be/bGVIR8Mw0kU

The MSM is not telling the truth most of the time.

(21-08-2024, 05:09 PM)singaporean1964 Wrote: [ -> ]cityhantam
this is main stream media...not fake news
and it say china economy no good
thats means its real..
wake up lah
still dreaming of beaityiful china  ah
https://youtu.be/bGVIR8Mw0kU

People do not see into China growth model change and transition now. Keep see the bottom line for complaints

(21-08-2024, 06:06 PM)lvlrsSTI Wrote: [ -> ]https://www.voanews.com/a/us-officials-t...39294.html

Dont laugh!
Many ppl don’t know now USD is called 中国美元lah.

The recent provision of special fund by central government did not work to revive the property market, so the local government is thinking about tapping money from peasants by selling them special bonds. Looks like more debts is their solution but is the peasants so stupid?

https://www.straitstimes.com/business/ch...-buy-homes

(21-08-2024, 06:26 PM)revealer Wrote: [ -> ]The recent provision of special fund by central government did not work to revive the property market,  so the local government is thinking about tapping money from peasants by selling them special bonds.  Looks like more debts is their solution but is the peasants so stupid?

https://www.straitstimes.com/business/ch...-buy-homes

The debt problem is with the local governments, not the central government, it is nothing to do with central government, which has the highest Foreign Reserves in the world. The western media keep talking about China collapsing due to debt problems caused by property crisis dunt even understand what they are talking about. 






Unlike the U.S. and western countries everything is private, in China everything is controlled by the central government, even if stock market and property markets go down, it won’t affect the central government much, the economy will continue growing in slower pace. As China dominates world’s supply chains for most of the areas, there’s no way India, Vietnam or Mexico can take over China as world factory at least in the next 50 years.

Many ppl have the misconception that US can print money. This is actually not correct.

If US can really print $$$, there won’t be a 35T debt lah. The debt will vanish by itself.

Fed can “print money” to save the stock market but Fed can’t save itself lah.

(21-08-2024, 06:51 PM)RiseofAsia Wrote: [ -> ]Many ppl have the misconception that US can print money. This is actually not correct.

If US can really print $$$, there won’t be a 35T debt lah. The debt will vanish by itself.

Fed can “print money” to save the stock market but Fed can’t save itself lah.

The U.S. has no intention to pay off the national debt and it will keep going up and up.

On the other hand FED can’t keep printing money like crazy as it will devalue the USD further to toilet paper and drive up high inflation like in Argentina or Zimbabwe.

(21-08-2024, 07:00 PM)lvlrsSTI Wrote: [ -> ]The U.S. has no intention to pay off the national debt and it will keep going up and up.

On the other hand FED can’t keep printing money like crazy as it will devalue the USD further to toilet paper and drive up high inflation like in Argentina or Zimbabwe.

Not they don’t want to pay. It is they don’t have money to pay back.

(21-08-2024, 06:40 PM)lvlrsSTI Wrote: [ -> ]The debt problem is with the local governments, not the central government, it is nothing to do with central government, which has the highest Foreign Reserves in the world..

U need to know tt in China, Governments r just administrators,  it is the local Government’s LGFV driving the property sector tt contributed about 30% to 40% GDP in the past.  Presently,  LGFV has a debt of USD 11 Trillion and this LGFV  debt has greatly affected the China economy.  Together with other private sectors,  they hv more than 200% GDP debt which is around USD 40 Trillion.  The private sector is always the driving engine of economy,  never the Government.

https://www.ceicdata.com/en/indicator/ch...ore%20data.

What you expect from Extremely TRIGGERED all uncultured ultimate amdk arse lickers stooge’s singing and dancing on reporting on China trivial news leh and they suck each other cunts extremely 9696 GAO GAO hor LMAO

You dont know meh your China collapse liao lah many many years ago LMAO

https://media.tenor.com/F--EY4ULc3IAAAAM...lapped.gif https://media.tenor.com/cp2SZRRIFtMAAAAM...ohnson.gif https://media.tenor.com/MIRzl8JGEXwAAAAM...-ha-ha.gif https://media.tenor.com/xHcOjqy0LIYAAAAM/lol-yes.gif https://media.tenor.com/CFVIVCpjT9MAAAAM...-laugh.gif

In China, the local government is running all the shows. They collect income tax and pay all government departments' expenses/ The Central Government is mainly responsible for the Defense.

https://rhg.com/research/the-myth-of-chi...cal-space/


When local government has no money, everything will come to a stop


https://www.aljazeera.com/economy/2023/5...rs-on-time

(21-08-2024, 08:05 PM)revealer Wrote: [ -> ]U need to know tt in China, Governments r just administrators,  it is the local Government’s LGFV driving the property sector tt contributed about 30% to 40% GDP in the past.  Presently,  LGFV has a debt of USD 11 Trillion and this LGFV  debt has greatly affected the China economy.  Together with other private sectors,  they hv more than 200% GDP debt which is around USD 40 Trillion.  The private sector is always the driving engine of economy,  never the Government.

https://www.ceicdata.com/en/indicator/ch...ore%20data.

Every province has its own budget, which is separated from central government’s budget. In the past decades many provinces borrowed money from private banks and financial institutions to build infrastructure, malls and housing…they over-borrowed, overbuilt and overspent. When property companies collapse they are badly hit as they are unable to pay off the loans for unfinished projects. As a result they approached rich provinces like Shanghai and Zhejiang for help…they also beg central government to help them to pay off the loan. However central government has no intention to get involved other than coming up with a measure together with banks to help them pay off the loan with lower interest rates and much longer period. Therefore the bad loan only affects individual province rather than the central government, it is their own fault and they have to eat their own medicine.

 
China set target of 5% growth and first half year achieved 5%, is it low?   


US can only get 2% growth, is it high?   

(21-08-2024, 10:14 PM)webinarian Wrote: [ -> ] 
China jiak sai lah

Faster Practice your 发龙沟 Pooh Xi 大法！！!