China is following the Buddhist saying - "those that come are not holy, and those that are holy would not come". How true!
Why
would China want to talk to USA leaders, knowing face to face they say
one thing, and change their stance upon stepping down from the plane
taking them home? Moreover, even before visiting China, they already
advocate a confrontational stance, trying to indicate that they are
coming to talk from a position of strength. China knows all the dirty
tricks employed by the USA leaders. Fool China once shame on USA, and
fool China twice shame on China. It, is not going to work going forward.
Hell, the lessons in the past taught China more than enough
what it needed to learn - the opium war, the eight nations attempt to
tear China apart, the century of humiliation, the isolation of China in
various fields of technology eg space exploration, the trade war, the
Chips war, all are not ever going to be repeated.
China us now
recalibrating its economic direction, prioritising its move towards self
sufficiency, leveraging on its strengths and correcting its mistakes. A
time for consolidation, within which no one, not even Ministers are
indispensible to be changed. The property sector needs consolidating,
the same mistake that was to criple Japan for more than three decades.
This sector is also coming to a head in the USA and UK, with interest
rate hikes still not over. When the dam breaks, home prices will also
plunge into the abyss for them. Let not the USA and UK laugh at China's
property fiasco. Who is going to laugh last is not yet known.
That
brings to me to what we are seeing today in Singapore. The economy is
suffering a short circuit, with manufacturing in the doldrums. The only
bright spark seems to be in the 'bricks and mortar' sector, but beware
of the cliff. If it can happen to Japan and now China, it can also
happen to us. Everywhere we look around, it is nothing but knocking
down, rebuilding, building, digging, and redoing. How long will it last?
Anonymous
6 comments:
Very jialat lor
Hi Anon the Bloger,
Singapore had manufacturing meh?
What's manufacturing industries we have ah?
Past Sixty odd years still the same Servile Services Industries only lah!
Entreport, middle men commisions agents only.
Airports, hotels and Tourism what's?
What's else?
Financial Centre ah?
Even Scoundrols monies launderings also eyes shut.
How many Financial Consultants and Service Sectors jobs you can create and have thousands of young Singaporeans into the Jobs Markets?
Those holding their positions now will take another twenty to thirty yeare b4 they retire.
Or unless all be RTS when Recessions hits.
That's why now they harping must go into blue collars manufacturing Sectors and recognised their worths.
Too little too late liao!
Just to add can only churned out thousands of Insurance Agents, papers for monies and Housing Agents mouths talks for monies for the only internal Housing Private and BTO Pigeon Holes Flats.
Just like those in Melaka with no external economy.
Oops forgot, we had our monies churning Macau like Casinos.
That's the only Easy Monies Churning Industries.
Singapore is going back to basics, encouraging farming on rooftops of HDB flats and resorting to high rise soil-less farming, using chemicals instead. The problem is that the market demand for such local produce is not anything to shout about. In fact, locals are shunning them, even when such ventures are still in its infancy, as such produce are found to be less palatable besides being more expensive.
The writing was already on the wall when Singapore decided to bring in the two casinos out of desperation. Desperate situations called for desperate solutions. LKY had earlier been dead set against casinos, even warning that such casinos will only be built over his dead body. But even before he passed on, he had to bend over backwards to accomodate the idea. Why? Ok, lets not spoil the old man's fans now celebrating his 100 years old anniversary.
Even outside the arena of manufacturing, Singapore was already losing the edge to China in other areas, like new computer software development. This was revealed by the then NTUC chief who was in a delegation that visited China years ago, planning to sell a new insurance software package developed locally to Chinese insurance companies. He was shocked to find that the Chinese insurance sector had an even more advance system already in place, and ended up probably being sold instead of selling. That was just one example. There were others like NTUC trying to run a bus or taxi service in China and getting clobbered. Do not try to teach the Chinese how to suck eggs.
Now, trying our luck in India, thinking the Indians are nowhere as competitive as the Chinese, and we can have it all our way. The signing of the CECA deal was thought to help and favour our investments in India, but we were blindsided by the Indian Government demanding the opening up of our employment market to more Indians or else. I think we are betting on the wrong horse in time to come.
Hi Anon 11.27
Decades ago, they shud have attract Chinese manufacturing industries into Singapore.
Even though may be lower high tech industries, yet able to employ hundreds if not thousands of our own locals.
Gainfully employed. Rather than now quite a lot doing what's platform menial worker jobs of 3rd world usual type of delivery and common logistics jobs of delivery of parcels and food etc.
PHD as Public Hired Drivers.
When our MRT system started decades ago, they shud cajoled and persusded our young to go into learning and maintenance of all these systems.
Build up a core of skilled technical technicans and engineers.
Instead of spending on so much funds on outside contractors even in just maintaining the systems.
Possible in time to come even able to build or maintain for others.
But they thought that our present econmy is good enough and goes Auto pilot with no future plans.
Only main thought off is the Revenue in building more BTO flats and then boost the POP to purchase them also in numbers to utilise our Transport Systems to make them viable.
Just internal economy. But you must also have enough good paying jobs for our own to be able to buy your Flats and private housings.
You expect those menial gig gig workers on free lance and part time and no time to have the resources to buy them?
Only to have the rich foreigners to be citizens and buy them?
Diluting our Locals Setup and Make Up?
In the 60s after Separation, then GKS and his cohorts in a way in conjunction with all revelant Ministries had worked in unison for the then Economy.
They encouraged the Singaporeans into technical and production engineering education and be Production Engineers and other so called blue collared workers with their attraction of influx of many manufacturing industries.
Oil refineries and products manufacturing
Many of my generation as production engineers and technicans could even able to have many assets of big HDB flats and even Condos and Landed.
Most had drove before in afforable cars and other vehicles.
Unlike today only on bicycles.
Think too late too little liao to kick start now their awakening.
Must have reserve lands for our production of Essiential survival rations instead of just kept accquiring them for monies making BTO flats.
Land sales of high taxtions in every corner of Singapore with non stop build ups.
That's their best plans of Revenue earnings and GST taxes.
MOT sell until all no more but they be not around to see the next generations of poors.
In time to come, those above 35 years of age do not have to work. Selling off their million dollar HDB homes will take care of early retirement. Who knows, we may even be like the USA with citizens living on the streets. They call it a 'lifestyle choice' when homes become unaffordable, though still very affordable according to official narratives, for some folks. With every family having two or three HDBs, ie the elderly and two kids, even renting out one home is good enough to tide them through.
In time to come, Singapore will be a retirement paradise. Citizens do not have to work till 65, just live on the rental of their properties at age 35, and do not have to work after that. Now with HDB flats selling above a million dollars happening a dime a dozen, life is really so good that not many think it necessary to work, with all the added subsidies thrown at them. They are even asking for applications to participate in various schemes. No wonder so many foreigners are rushing for citizenship.
But as they say, all good things must come to an end sooner or later. Just like the Whites and now the Japanese. They used to say that Japan is a rich country with poor people. In the past of course.
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