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Errr.. okay? You know the difference between budget surplus and current account surplus? China recorded $400bil+ of current account surplus but incurred a budget deficit of $1.3tril last year.

Indeed. Many people just look at the headline numbers without putting it in context. The US current account deficit is large but it's only around 3%+ of GDP, lower than inflation. China's current account surplus is large, but it's only 2.3% of GDP last year...

There are plenty of such content creators on both sides to play on people's cognitive biases. Just put on your critical thinking cap and ignore them.

Who seriously believe that in such a vast country there are no birds?

Xi Jinping said that when he was young, he carried 100kg of wheat and walked for 5km on a mountainous road without changing shoulders. Running 100 meters on the Ukrainian flat plains with 50kg load is probably nothing for Xi.

Rather than to replace certain tasks entirely, it's more like a productivity enhancing tool such as creating the first draft for reports/speeches/emails and then improvising from there by humans. At least for now...

https://www.straitstimes.com/tech/civil-servants-to-soon-use-chatgpt-to-help-with-research-speech-writing SINGAPORE – Civil servants will soon be able to tap the power of artificial intelligence (AI) tool ChatGPT to conduct research and draft reports and speeches from their existing work...

https://www.channelnewsasia.com/business/singapore-trade-growth-imports-exports-nodx-2022-3273566 Singapore's current account surplus in 2022: SGD124bil (~USD93bil). Singapore's trade surplus (goods and services) in 2022: SGD233bil (~USD175bil)...

It's a combination of inaccuracy and misrepresentation. 1) AUD170bil equals around USD117bil, not USD182bil. The author made such an obvious mistake multiple times in the article. 2) Even at AUD170bil, it's in future inflated dollars. It's more like AUD70bil+ in 2021 dollars...

https://www.yahoo.com/news/key-ally-putin-said-wants-121241887.html

https://www.straitstimes.com/singapore/five-more-vietnam-s-pore-industrial-parks-to-be-set-up-in-vietnam-sembcorp https://www.straitstimes.com/singapore/s-pore-vietnam-ink-deals-to-boost-cooperation-in-green-digital-economies

Singapore’s Department of Statistics has just released its annual Key Household Income Trends report for 2022 (you can read it in full here) as a landmark milestone of S$10,000 per month was reached last year. This figure refers to median monthly income from work per resident household (so, not...

https://www.channelnewsasia.com/singapore/singaporeans-flood-donation-centre-supplies-outpouring-support-turkiye-syria-quake-victims-3266161

One limitation of using CPI to measure inflation is that it uses rental expense to measure for changes in accomodation prices, which may be less suitable for countries with high home ownership rate like China. CPI doesn't measure the increase in accomodation costs due to the increase in house...

Government = taxpayers

Ultimately the property has to be redeveloped right? Especially after 70 years.

So the taxpayers fund the redevelopment of the property? Prime area property get higher compensation?

Lol then good luck believing that 70 years leasehold is the same as freehold.