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Thread: the great middle class power shift and it's implication

  1. #31
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    There is such a group of PRCs who are born rich, studied and stayed here for years and acquired a status of PR or citizenship here. They have now gone back to China. But now and then, they will come to take a look in SG and buy some properties here.

  2. #32
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    one very good example is price of Cordyceps ... a TCM herb

    b4 rise of Chinese middle class u can get it for 50SGD, now same amount is 500SGD

    from 2003 to the present price of Cordyceps sinensis, known as “magic pill” has soared more than tenfold

    and of course, man made version is available at 20% of natural Cordyceps
    Ride at your own risk !!!

  3. #33
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    Quote Originally Posted by phantom_opera
    one very good example is price of Cordyceps ... a TCM herb

    b4 rise of Chinese middle class u can get it for 50SGD, now same amount is 500SGD

    from 2003 to the present price of Cordyceps sinensis, known as “magic pill” has soared more than tenfold

    and of course, man made version is available at 20% of natural Cordyceps
    no need to talk about cordyceps, just a matter closer to heart - baby milk powder.

    witnessed a PRC auntie shipping 12 tins of milk powder at singpost 2 weeks ago, mirroring the phenomenon being reported in UK.

  4. #34
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    Quote Originally Posted by teddybear
    For our next generation, shouldnt government tightens the immigration policies to make it harder for these group of people coming in to steal away middle/upper middles (PMET) jobs?
    I think allowing certain level of FT in is good for our Nation. It forced fellow Singaporeans to improve and raise to higher standards/levels or risk becoming marginalize. It certainly a good way to trigger lazy Singaporeans to wake up and put in more efforts and commitment in their work.

    Without going through hardship, the new generations of Singaporeans are becoming soft. With some competition, it definitely good for them.

  5. #35
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    Quote Originally Posted by phantom_opera
    one very good example is price of Cordyceps ... a TCM herb

    b4 rise of Chinese middle class u can get it for 50SGD, now same amount is 500SGD

    from 2003 to the present price of Cordyceps sinensis, known as “magic pill” has soared more than tenfold

    and of course, man made version is available at 20% of natural Cordyceps
    Forget about cordyceps..... I want to know how much this thing cost now

  6. #36
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    Quote Originally Posted by Allthepies
    I think allowing certain level of FT in is good for our Nation. It forced fellow Singaporeans to improve and raise to higher standards/levels or risk becoming marginalize. It certainly a good way to trigger lazy Singaporeans to wake up and put in more efforts and commitment in their work.

    Without going through hardship, the new generations of Singaporeans are becoming soft. With some competition, it definitely good for them.
    likewise having certain level of opposition in parliament is good for our Nation. It forces pap incumbents to improve and raise to higher standards/levels or risk becoming marginalised. It certainly a good way to trigger lazy politicians to wake up and put in more efforts and committment in their work.

    Without going through hardship, the new generations of pap politicians are becoming soft. With some competition, it is definitely good for them.

  7. #37
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    Having a strong single party leaders could be better if they can maintain their performance. As they do not need to worry about the next election, policy makers can then plan further ahead and implement policies that maybe detrimental in the near term but beneficial in the long run.

    From what i see, many of our global leaders choose to implement shortsighted policies.

  8. #38
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    Quote Originally Posted by Rosy
    Having a strong single party leaders could be better if they can maintain their performance. As they do not need to worry about the next election, policy makers can then plan further ahead and implement policies that maybe detrimental in the near term but beneficial in the long run.
    This is hypothetical at best. And certain undemocratic politicians will sprout such rhetoric to perpetuate their own interest and rule.

  9. #39
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    Quote Originally Posted by Rosy
    Having a strong single party leaders could be better if they can maintain their performance.
    some missed the word 'IF'

  10. #40
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    Quote Originally Posted by Rosy
    From what i see, many of our global leaders choose to implement shortsighted policies.
    This has becoming more evident in the recent years.

  11. #41
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    Default Chinese middle class buying cheap diamonds

    http://www.businesstimes.com.sg/prem...monds-20130502

    Now is cheap diamonds, next time will be Singapore properties
    Ride at your own risk !!!

  12. #42
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    wait until they find that diamonds have little resale value.

  13. #43
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    Quote Originally Posted by hopeful
    wait until they find that diamonds have little resale value.
    just like Apple iPhones
    Ride at your own risk !!!

  14. #44
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    Know a few graduates got Jobs in SG - local firms are more amicable to hiring them as they expand their corporate practice into china and these graduates provide a vital bilingual link between English speaking practitioners and also understanding the civil legal system and administrative bureaus they have over there .... Last but not least ... Some of them
    Wish to find their better half over here instead ... Some quite Chio somemore ! If I not married already ... The little deer in my heart will jump here and there heh

  15. #45
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    Default Money printed in China but flows to other cities in the world!!!

    Money flowing out of China into buying commercial real estate overseas reached $4 billion in 2012, according to Jones Lang LaSalle, which is 33 percent higher than in 2011.

    The firm says Chinese investments have been growing in the top five “super cities” of Hong Kong, New York, London, Singapore and Sydney. The first three cities have seen investments of almost $2 billion to $3 billion between 2003 and 2012.
    Ride at your own risk !!!

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