Lol if it's just about international trade, why with China as the largest trading nation the world has only 2.76% of reserve currency held in RMB? Barely half of the JPY, on par with the likes of Australian and Canadian dollar?
I work in the financial industry, and I know my shit. Do you...
The USD is backed by a deep and liquid financial market, which is then backed by hundreds of world class companies operating around the world and a transparent political system with the rule of law to allow capital and information to flow freely.
I don't see China able to or want to do those...
Well, I will repost this...
https://defence.pk/pdf/threads/chinese-yuan-becomes-most-traded-foreign-currency-on-the-moscow-exchange-surpasses-the-us-dollar.752273/page-2#post-14015334
^This is coming from the chairman of GIC, which handles ~$700bil+ of AUM and is among the most active SWFs...
You seriously think the government can give away millions of free houses every year? Where? In Beijing?
In parts of Japan they already giving out free houses but no one wants to move in.
You comparing China with $12k GDP per capita to SK and Japan with $30K GDP per capita?
And centuries lol...
Maybe, but I'm not too optimistic. Singapore has fairly affordable housing relative to our median household income, and yet our TFR is still rock bottom.
We have an opposite problem here, not enough workers lol.
But how bad is it? I see on Douyin many graduates lamenting about the difficulty...
Why do you keep conflating between size and structure? I mean, this is an issue facing not just China but basically every developed countries, and especially East Asia. But just because China is big, you think her pension fund won't go into deficit? Healthcare spending as a percentage of GDP...
That's like saying Japan's aging population is not a problem because their population should drop below 30mil. It's such an outdated thinking.
And 500mil with 300mil above the age of 65?
I don't know how old how you are, but I'm in my 20s. If I live as long as the average Singaporean into...
You should tell that to the Shanghai Academy of Social Science.
But you're right, China's TFR may even drop further to South Korean levels in the future instead of maintaining the current TFR.
Urban China's TFR has already dropped to 0.86. And China will still be urbanizing for the...
Low homelessness doesn't mean no homelessness as stated in the OP.
But yeah, I do agree homelessness is not a pressing problem in China. Housing affordability is a greater issue.
There are homeless everywhere. Even in Singapore with strict social order and virtually free rental for the very poor, there are still homeless. Not a lot, but it still exists...
Eh, Singapore is more like a 'cleaned' city than a clean city. In terms of general civic-mindedness among the among, I think we still have a lot to learn from Japan.
https://mothership.sg/2018/07/japan-team-cleans-locker-room-world-cup/...
Introducing GPT-4 and internet plugins...
Her employees are probably not using ChatGPT to its fullest potential. You can add specific prompts for ChatGPT to roleplay and add flavour to its responses.
Meanwhile in China, users are making ChatGPT roleplay as 2D anime catgirls...
https://www.todayonline.com/singapore/spore-bosses-staff-embrace-chatgpt-others-wary-incompetent-2130976
ChatGPT at work: Some S'pore bosses, workers embrace AI tool, others wary or don't admit use to avoid looking 'incompetent'
SINGAPORE — An “employee” who can generate innovative marketing...