Malaysia and Thailand can have their wet dreams to sell durian to China. China is facing 内卷 ， they don’t spend money.

[k1976]

China-Led Development Lender Plans to Open Singapore, HK Offices​

The AIIB headquarters in Beijing.
Photographer: Jade Gao/AFP/Getty Images
By Bloomberg News
May 28, 2025 at 2:00 PM GMT+8
Updated on
May 28, 2025 at 3:16 PM GMT+8
Save
Translate

Takeaways NEW​

The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago.

The multilateral lender, which had more than $57 billion in assets at the end of last year, is currently negotiating with relevant parties in the cities to open the offices, the people said, asking not to be named discussing non-public information. The bank may announce the move at its annual meeting in June if it can finalize the host member agreements with their respective governments, according to one person.


Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal

 

[k1976]

 

[k1976]

The founder of Bridgewater Associates, one of the world's largest hedge funds, has warned about the ballooning U.S. deficit for years. Recently, investors have begun demanding lower prices to buy the bonds that cover the government's massive budget deficits, pushing up yields on the debt. Rising worries about the fiscal situation last week triggered a high-profile credit rating downgrade from Moody's.

The yield on the 30-year Treasury yield on Thursday traded at levels not seen since 2023, around 5.14%.

Rising financing costs along with continued spending growth and declining tax receipts have combined to send deficits spiraling, pushing the national debt past the $36 trillion mark. In 2024, the government spent more on interest payments than any other outlay other than Social Security, defense and health care.

"We will have a deficit of about 6.5% of GDP — that that is more than the market can bear," Dalio said.

 

[myfoot123]

When I passed by a durian stall, I treated as if I am passing by a Goldsmith Jewellery store.

 

[WangChuk]

how come durian price still so expensive? meaning the weedio is fake news lah ....