Singapore banned from BRICs- largest trading bloc, habis la!

[Eisenhut]

That's why China men can move into Continent like Africa and Russia to get the pussies.

That's what the other Tiong Bu, They can only be prostitute.

China need sperm of bbc to upgrade their football team.

Japan already doing it:

https://x.com/ESPNAfrica/status/1816415847180550153

 

[myfoot123]

These BRIC won't have anything good when China is chairing.

You prefer India chairing? Yikes!!!

 

[laksaboy]

LOL at all the dumbfucks who think BRICS will amount to anything in its current state.

I won't be surprised if military conflict happens between some of those countries in BRICS. If you know, you know.

 

[congo9]

NK is sending troops to Ukaraine to help out Russia.
I wonder how many of the NK soldier will run away.

 

[hbk75]

LOL at all the dumbfucks who think BRICS will amount to anything in its current state.

I won't be surprised if military conflict happens between some of those countries in BRICS. If you know, you know.

Amdk 36 trillions debt.

 

[congo9]

Amdk 36 trillions debt.

At least Ang mo econ is fine and running. They are transparent about their finance. They open up and people trade and do business.

You must look at the debt to GDP to ratio and not by the absolute debt figures.

 

[hbk75]

At least Ang mo econ is fine and running. They are transparent about their finance. They open up and people trade and do business.

You must look at the debt to GDP to ratio and not by the absolute debt figures.

All these are just fake wealth. Just print and print. Ppl going to back currency with a portion of gold. And USA alot of gold but never audited.

36 trillions already exceeded 100% of GDP. Just print more then more GDP. Can add 500 billions debts within weeks. No wonder deagel says USA will have financial collapsed and left 99 million ppl left.

 

[congo9]

The usage of USD to measure a worth of something is international.
You want your commodity to be using Chinese RMB or Russia Kron as a weightage ?

 

[k1976]

You prefer India chairing? Yikes!!!

Malay chairing will be the best

 

[k1976]

The usage of USD to measure a worth of something is international.
You want your commodity to be using Chinese RMB or Russia Kron as a weightage ?

Why u poke their ugly wet dream….many cannot sleep well tonight

 

[KingFook Sr]

But why go to puxy when china csn let puxy come to them?

Pro-west PAP as usual, bet on the wong horse.

 

[k1976]

Many many tiongkok backdoors here….no need to join offically

 

[k1976]

Always outsai the unsaid strategy works miracles, can eat both sai n become critical link

 

[k1976]

Brazil Joins India in Rejecting China's BRI​

By K J M Varma, Beijing

Oct 29, 2024 11:00

Brazil becomes the second BRICS nation, after India, to decline participation in China's Belt and Road Initiative (BRI), citing concerns over potential risks and a desire for alternative collaborations.

Beijing, Oct 29 (PTI) In a major setback to China's BRI, Brazil has decided against joining Beijing's multi-billion-dollar initiative becoming the second country after India in the BRICS bloc not to endorse the mega project.

Brazil, headed by President Lula da Silva, will not join the Belt and Road Initiative (BRI) and instead seek alternative ways to collaborate with Chinese investors, Celso Amorim, special presidential adviser for international affairs, said on Monday.

Brazil wants to take the relationship with China to a new level, without having to sign an accession contract, he told Brazilian newspaper O Globo.

We are not entering into a treaty, Amorim said, explaining that Brazil does not want to take Chinese infrastructure and trade projects as an insurance policy.

According to Amorim, the aim is to use some of the Belt and Road framework to find synergy between Brazilian infrastructure projects and the investment funds associated with the initiative, without necessarily formally joining the group, the Hong Kong-based South China Morning Post quoted him as saying.

The Chinese call it the belt [and road] and they can give whatever names they want, but what matters is that there are projects that Brazil has defined as a priority and that may or may not be accepted [by Beijing], Amorim said.

The decision contradicts China's plans to make Brazil's joining of the initiative a centrepiece of Chinese President Xi Jinping's state visit to Brasilia on November 20, the Post reported.

Officials from Brazil's economy and foreign affairs ministries recently voiced opposition to the idea, it said.

The prevailing opinion in Brazil was that joining China's flagship infrastructure project would not only fail to bring any tangible benefits for Brazil in the short term but could also make relations with a potential Trump administration more difficult.

Last week, Amorim and the president's chief of staff Rui Costa travelled to Beijing to discuss the initiative. According to sources, they returned unconvinced and unimpressed by China's offers, the Post reported.

Lula did not attend this month's BRICS summit at Kazan due to an injury and his close associate and former Brazilian President Dilma Rousseff currently heads the Shanghai-based BRICS New Development Bank (NDB).

BRICS originally consisted of Brazil, Russia, India, China and South Africa. Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have been admitted as new members.

Brazil will be the second member of the BRICS after India not to endorse the BRI.

India was the first country to voice reservations and stood steadfast in its opposition to BRI, a pet project of Chinese President Xi Jinping to further the global influence of China with investments to build infrastructure projects.

 

[k1976]

A $6 Trillion FX Pile Is Asia’s Shield From Resurgent Dollar​

• Asian currencies slumped in October amid dollar strength
• India, Thailand, Philippines rank high in reserve adequacy

By Subhadip Sircar and Swati Pandey
1 November 2024 at 7:00 AM SGT
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A $6.4 trillion foreign-exchange reserve pile in Asia is giving investors confidence that central banks have the ammunition to fight the dollar’s strength stemming from the US presidential election.
Asian currencies have come under pressure in October, as rising odds of a Donald Trump presidency and uncertainties over the pace of the Federal Reserve’s easing bolstered the greenback. A Bloomberg index of the region’s currencies just had its worst month since February 2023, with the Indian rupee near its weakest ever and South Korea’s won close to a three-month low.

 

[k1976]

Behind the numbers: Is Singapore really Vietnam’s top FDI source?​

Much of the capital flows from multinationals, increasingly from China, go through the city-state as a gateway

Jamille Tran ​

Published Fri, Nov 1, 2024 · 05:00 AM
Vietnam

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• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE

[HANOI] With global supply chains realigning and US-China tensions intensifying, Singapore has become Vietnam’s top investor, acting as a strategic conduit for capital from multinationals in China, Europe, and the United States through their regional headquarters in the city-state.
Singapore’s robust regulatory and financial frameworks have drawn unprecedented amounts of capital, especially from mainland China, as companies look to invest in South-east Asian countries to reduce dependence on Chinese markets and bypass trade tariffs.
According to Deloitte’s Doing Business in Vietnam 2024 report, Singapore led total foreign direct investment (FDI) inflows into Vietnam during the 2019-2023 period, averaging a 23 per cent share, followed by South Korea, Japan, Hong Kong, and mainland China.

 

[k1976]

China Reviews Plan to Refinance Local Governments’ Hidden Debt​

By Bloomberg News
4 November 2024 at 6:18 PM SGT
Updated on
4 November 2024 at 7:12 PM SGT
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China’s top legislative body reviewed a proposal to transfer some off-balance-sheet debt of local governments to their official accounts, aiming to ease their financial burden in a move foreshadowed by officials.

The National People’s Congress Standing Committee held a meeting on Monday morning, where it discussed a plan to lift local governments’ debt ceiling to swap out their hidden debt, according to the official Xinhua News Agency.