It's not a disaster because you know this sector (pharmaceuticals) is very volatile. It's not a trend.
It is always a concern, especially if it leads to higher interest rates as central banks deal with inflationary pressures. The question is how would that impact on consumption?
He has laid out a long-term plan for the economy and he's trying to get everybody on board. The speech was to rally people to his plan of making Singapore a world-class city with a world-class service center.
There's room for the yuan to move faster, China isn't likely to bow to international pressure. It's probably a face issue, it's a matter of timing.
I would say it's more within my expectations.
Copyright © 2024 Electric Goat Media. All Rights Reserved.