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Don't mistake him for a Singaporean plz.
His failed take on Singlish, which is the defining characteristic of a Singaporean, told him apart.
He looked up "SAF Signals" on Google and stumbled upon HQ at Stagmont. That's all he knows abt defence. He went missing whenever any defence related discussion crops up. Yet, he claims to be a Singaporean with awful Singlish, piecing together news items from mass media and looking up only a single subforum where more than 50% of members happens to be foreign. He wouldn't know because he is a foreigner too, just ashamed of his flag. A true blue Singaporean can easily tell these foreigners apart.
Speaking of Machine Translation, Singapore's A*STAR helped Baidu with many south east asian languages.
A*STAR assisted Baidu in developing music search tech, too.
https://www.researchsea.com/html/ar...gapore-developed_music_search_technology.html
Just don't mistake him for a Singaporean, plz. He only knows how to yap abt GDP, Economy and housing in a defence forum.
Too bad for him, there is no Baidu or Google translate from/to Singlish.
Don't mistake him for a Singaporean plz.
Well he said he has a Chinese background so maybe his family simply isn't as established as yours.
Or maybe he just doesn't want to learn it...yowza!
You are contradicting yourself again. RMB flowing out has NO EFFECT, it is DOLLARS$ flowing out which has an effect. You already agree then you disagree. I don't understand what are you trying to say. I already told you, the dollars are just to stabilize the currency against US speculative attacks and also outflows from the rich buying properties around the world, especially SG and OZ.You're making no sense. If it doesn't matter, why does China have such strict capital controls? Why did China spent a trillion dollar to defend the RMB from falling below a psychological level?
One is a rival competing with US, another one has a giant US military base. Common sense bro, common sense.If it's China, you say it's a WMD and a leverage.
If it's Japan, you say it's a tribute.
Try dumping a trillion$ worth of bond and see what it does to investor confidence.Do you understand how bonds work? And do you think you can bring mass financial destruction to the US with that amount of money?
What's wrong with profitable banks? You should check the investment in infrastructure, not bank profits to see economic allocation for infrastructure. Gosh.Can you give a number with a source?
https://finance.sina.cn/2018-08-08/detail-ihhkuskt7869193.d.html
按利润排,前15强中,有10家是银行。
10 out of the 15 most profitable listed Chinese companies are banks.
You can understand Chinese?
Viet, you really need to learn to read. It will crash both markets and end the world trading system as we know it, multiple ripple effects around the world. My point all along was US is not gonna destroy China as much as China is not gonna destroy US, we are on the same boat. Get it? After 40 years and you still do not understand CHIMERICA.Nonsense. How do you want to pay for imports without dollars? Not many countries accept Yuan. China will commit economic suicide if selling all US bonds. Do you think the market will crash?The US central bank can easily buy all Chinese holdings without blinking an eye.
It’s rediculous threatening the US by selling dollars.
But ok please tag me when China resorts to WMD by selling all US holdings
RMB flowing out has NO EFFECT
Try dumping a trillion$ worth of bond and see what it does to investor confidence.
US government departments, including social security funds, hold five times more US government bonds than China. Even if Beijing decides to sell, the US has enough ways to manage the impact. For instance, the Federal Reserve can just buy the US Treasuries from China in a balance sheet expansion, and the following cost of dollar depreciation will be shared by all the creditor countries.
As the issuer of the world’s primary reserve currency, the US can exert its privilege.
What's wrong with profitable banks?
The market interest rate will spike and other investors can simply buy the bonds at a low price from China, or the Fed can easily bring the interest rate down by expanding money supply. It will cause inflation, but nothing of the sorts which will 'destroy' the US financially with just a trillion dollar.
BECAUSE RMB DOESN'T FLOW OUT GENIUS!!! DOLLARS DO. Gosh, it's such a simple concept, you still cannot get it?How does RMB flowing out of the have NO EFFECT on the RMB supply and demand on the market? It's simple monetary economics there.
Might or might not crash, but the value of RMB is actually not really determined by the US reserves, it is only used for defence of it's value in cause of speculative attacks. Demand for Chinese goods (RMB) is the real determinant of the value of RMB. Anybody can google how bond works genius.The RMB will crash first because the backing is gone. Do you even understand how bond works and the effects on interest rates? The market interest rate will spike and other investors can simply buy the bonds at a low price from China, or the Fed can easily bring the interest rate down by expanding money supply. It will cause inflation, but nothing of the sorts which will 'destroy' the US financially with just a trillion dollar.
Almost all tom dicks and harry are paying some sort of mortgage or loan in this world jose. Profits of companies to pay mortgage loans? unless you are a real estate company, why would you be paying 'REAL ESTATE LOAN'? They might be paying banking loans, but I doubt a real business will actually buy assets they are using, Chinese SEZs provide almost free land/infra for big companies. They don't have to pay mortgage loans genius. You are confusing consumers to corporate businesses.Its profits are derived from ordinary Chinese paying interest for their mortgage loan. With such dominance of the banking and real estate sector, the Chinese economy is heavily dependent on property market. You think that's more 'real' than the 'casino' economy of the US?
BECAUSE RMB DOESN'T FLOW OUT GENIUS!!! DOLLARS DO. Gosh, it's such a simple concept, you still cannot get it?
Dumping a trillion dollars can crash the system. There is collateral damage, else why do you think PRC is hoarding it and threatening to use it.
It is a real economy because a big part of capital is spent on infrastructure, goods and services, not on casino banking and stocks.
I think China used its financial powers to turn what you said here upside down.Who is the no 1 then? China?
Haha, delusion is strong in this one. China still needs 100s of years to have the types of influence US has over rest of the world. Lol.
by 2030 china will bigger GDP in nominal as compared to US, it already is bigger by PPWho is the no 1 then? China?
Haha, delusion is strong in this one. China still needs 100s of years to have the types of influence US has over rest of the world. Lol.
Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.Nobody is going to choose China over US to immigrate even if China opens its borders to take in people. China isn't some desirable country that people want to immigrate to. The Quality of Life is vastly inferior compared to US/Europe.
Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.
Those per capita figures Chinese Macau ranks the first in the world, even Singapore is higher than US, a country's strength is on their overall industries, trade and other key economic factors.US is ahead by quite some distance. You should check Human development Index and Annual Income of both the countries and compare . Immigrants have been a success story in US and alot of them earn six figures annually. I have been to US just 3 months now and I already have a good paying job. Even Turkey and Malaysia are better than China . Shiny airports doesn't equate Quality of life. The Air pollution , Freedom to Express alone in China is even worse than Pakistan. I wasn't underestimating China just stating facts .
Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.