China's economy may be headed for a "rough landing," says Singapore PM Lee Hsien Loong. "They've...


China's economy may be headed for a "rough landing," says Singapore PM Lee Hsien Loong. "They've built a lot of infrastructure ... a lot of capacity in many industries, autos, some of the electronics industries," he points out, channeling his inner Jim Chanos.
Comments (4)
  • Venerability
    , contributor
    Comments (3043) | Send Message
     
    Irresponsible headline writing, pure and simple!

     

    I listened to that interview, as did many others, and he said nothing of the kind - the opposite, in fact.

     

    When pressed by the interviewee for a worst case scenario - if a giant sea serpent eats Asia tomorrow, the sun fails to shine, and 3/4 of world leaders are poisoned by eating bad oysters - Yes, that headline might possibly apply.

     

    Otherwise, he was sanguine about and complimentary to China, as his country has always been, living in its shadow.
    5 Feb 2012, 11:15 AM Reply Like
  • George Liu
    , contributor
    Comments (20) | Send Message
     
    His interview with Fareed Zakaria during the WEF did include him saying this quote, but this quote is completely misconstrued since it is taken out of the broader context of his interview, which, as Venerability notes, actually says the opposite. Why doesn't this market current note that Mr. Loong also pointed out that the migration of millions to urban areas in China will be a continued source of positive growth?
    5 Feb 2012, 02:08 PM Reply Like
  • Tack
    , contributor
    Comments (16263) | Send Message
     
    Sensationalism always trumps truth.
    5 Feb 2012, 04:51 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    I wonder what crystal ball the great founder and original PM's son, the current Sg'n PM has saying that the USA is not in a state of decline!!

     

    Perhaps the same insight his father, Lee Kuan Yew defined Asian Democracy.
    7 Sep 2012, 12:36 PM Reply Like
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