East Asia Tonight: China gives economy US$140b boost, lower mortgage rates
Also on East Asia Tonight (Sep 24), Japan protests a Russian patrol plane flying into its airspace; Beijing asks Tokyo to handle schoolboy’s stabbing calmly; and a look at how China’s central hub Changsha went from “forgotten child” to first-tier city.
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Fast forward two years to the present day, and we are met with another scandal. The revelation of an illicit relationship between PAP’s Tan Chuan-Jin and Cheng Li Hui, both of whom have now resigned from Parliament and their party.
Lee Hsien Loong admitted to having knowledge of this affair since the General Election of 2020. Yet, it remained shrouded in secrecy for over three years until it was only publicly disclosed on Monday (17 Jul), allegedly spurred by potential legal action from Mr Tan’s spouse.
The handling of these two cases presents a glaring disparity. The WP leaders were rigorously scrutinized and interrogated for their two-month delay in managing Raeesah Khan’s issue.
140b is peanuts 🥜
I've loved you since the first day I met you, and I'll never stop.
It’s wasting of time, only the provincial debts are up to 140 times.
China's 🇨🇳 $140 billion stimulus measure trying to fix its sagging economy
is like throwing a cup of water on the forest fire. LOL
Stimulus = borrow and print more money –> pay more interest –> lower credit rating.
🗽
🤣🤣🤣 not even a fraction of his Qi family wealth from Electric Vehicles.🤣🤣🤣 under his mom and sisters name.
🙏😊💗 Hello King 👑 Queen and you you l 💗 love King 👑 Queen 💗 love you you and 💗🙏🤲💗🌐🕊️💗💗🌷🌷🌺🌺🕊️🕊️
China does not borrow no body is ready to lend, it just prints! God only save that country.
¥1 trillion in a ¥400 trillion economy.
😂
Let me check the China REITS company stocks now.
Nope, it's crashing 😅😅
Uh, what is your shoe size and what is the mailing address over there????? Do you prefer Jimmy Choo or Christian Louboutin?
USD933 for one person ?
$140B is not enough to stimulate 1.4 Billion people.
$140B is like sesame seeds
When a currupt winni the pooh, says don't believe. All goes to funding it's greedy lifestyle… Hungry is coming
Chinese go run and seek refuge to Singapore and Malaysia haha
On domestic consumption, it's not all economics. It's also related to high savings habits in Asia in general due to culture.