SG Talk

to cut rates to ease the stress on debt-laden firms. It is true tt some firm whose debt level r high will go belly up especially if they r poor in managing the debts but generally, most should b happy when they have lowered their debts thro' cost cutting and laying off..

https://www.bloomberg.com/news/articles/...#xj4y7vzkg

https://www.ceicdata.com/en/indicator/un...ominal-gdp


In comparison, China would have a hard time dealing with their private sector debts as their debts have ballooned over the last 3 years..

https://www.ceicdata.com/en/indicator/ch...ominal-gdp

It would appears tt CCP r ditching the private sectors and amass the wealth in SOE, going back to good old days.

This CEIC chart shows tt CHINA will have a hard time as their economic outlook is declining esp during the last few years

https://www.ceicdata.com/zh-hans/china/e...ding-index