Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. China has faced weak domestic demand and the impact of a trade war with the US.
But things could get worse for China and the world.
China’s GDP could only grow at 4%.
State Grid, China’s largest utility company, is bracing itself for the rate of economic growth to fall to as low as 4% the next five years in the world’s second-largest economy. If anybody has the finger on the economy’s pulse, it is the largest utility company that supplies the power needed to power industry and homes.
If this comes about, bad for world trade and really bad for us: S’pore: the canary in the coalmine
Still want to raise GST, PAP govt with so much uncertainty? But die die must want to be one-arm swordsman: PAP is like one armed swordsman.
The PAP govt should do itself and us a favour, don’t raise GST until there’s more clarity on global economic growth: How PAP can win 65% plus of the vote.
Thoughts of a Cynical Investor 
We better get used to low growth & high cost new normal! Stagflation anyone? LOL!
Those unemployed better own plenty of income producing assets with pricing power.
CDC to screen at three US airports for signs of new virus from China/Updated 1924 GMT (0324 HKT) January 17, 2020/(CNN) – More than 100 staffers from the US Centers for Disease Control and Prevention …