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Tiagong, CCP ask People to go NTUC buy Toilit Papar again....u miss the boat Wah Tiew?

laksaboy

Alfrescian (Inf)
Asset
Expect many Tiongs to die in the second half of December all the way till CNY 2024. Especially children. :biggrin:
 

k1976

Alfrescian
Loyal
Bloomberg

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Markets

Moody’s Cuts China Credit Outlook to Negative on Rising Debt​

  • China stepped up usage of fiscal stimulus to aid growth
  • Such move put downside risks to nation’s economy: Moody’s

By Bloomberg News
December 5, 2023 at 7:34 AM GMT
Updated on
December 5, 2023 at 9:27 AM GMT


Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Moody’s lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nation’s sovereign bonds, according to a statement. China’s usage of fiscal stimulus to support local governments and its spiraling property downturn is posing risks to the nation’s economy, the grader said.
 

k1976

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https://www.google.com/amp/s/amp.sc...ospects-wang-yi-tells-european-envoys-beijing

Why suddenly no more Lone Wolf?

China and EU should push relations to ‘a new level with new prospects’, Wang Yi tells European envoys in Beijing​

  • In lead-up to China-EU summit on Thursday, China’s foreign minister says if the two sides choose dialogue and cooperation, there will be no bloc confrontation
  • European Council says gathering will focus on state of EU-China relations and global hotspot issues
 

k1976

Alfrescian
Loyal
https://www.cnbc.com/2023/12/05/chi...-a-stop-gap-measure-not-stimulus-socgen-.html

China’s policy support is a ‘stop-gap’ measure — not stimulus, SocGen economist says​

PUBLISHED TUE, DEC 5 202312:38 AM ESTUPDATED TUE, DEC 5 20231:15 AM EST
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Clement Tan@CLEMTAN
WATCH LIVE
KEY POINTS
  • Chinese authorities announced a rare mid-year revision, which included the issuance of 1 trillion yuan in ($137 billion) in government debt — one of the biggest changes to the national budget in years.
  • Even the extra 1 trillion [central government debt] issuance, if you compare that amount to land sales revenue that’s lost because of the housing correction, it’s not even enough,” Wei Yao told CNBC.
  • Private surveys for services and manufacturing have diverged from China’s official PMI. The Caixin China services purchasing managers’ index came in at 51.5 in November, its strongest since August.
 

laksaboy

Alfrescian (Inf)
Asset
https://www.google.com/amp/s/amp.sc...ospects-wang-yi-tells-european-envoys-beijing

Why suddenly no more Lone Wolf?

China and EU should push relations to ‘a new level with new prospects’, Wang Yi tells European envoys in Beijing​

  • In lead-up to China-EU summit on Thursday, China’s foreign minister says if the two sides choose dialogue and cooperation, there will be no bloc confrontation
  • European Council says gathering will focus on state of EU-China relations and global hotspot issues

Because Tiongland bo lui liao. Desperate now.

Hope the angmohs aren't duped. Time to erase the mistake of 1949/1989/1997/2001. :cool:
 
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