Kin Peng Ow

I am Pro Singapore.
Therefore, I want a better Singapore
@[email protected]

[Michael Pettis @michaelxpettis]

It is harder than ever to find good news in China's data release today. The economy continues to be structurally locked into increasing production at the expense of consumption, even though China suffers from many years of growing excess capacity.

China's industrial output, for example, increased by 5.4% year on year in the first five months of 2026, with a 4.5% year on year increase in the month of May. This was a little higher than April’s 4.1% increase, although lower than the 5.7% increase in March.

The uglier numbers were (as always) on the consumption side. For the first five months of 2026, total retail sales grew 2.8%, just over half the pace of industrial output. Although they were barely expected to grow in May, in fact they actually fell by 0.6%, well below the disappointing 0.2% increase in April and the first decline since the end of the Covid lockdown in 2022.

For all the excited claims about consumption spending during the important May holiday, in other words, it was more than offset by the decline in spending over the rest of the month, proving, once again, that what limits household consumption is the household budget, not spending opportunities.

Meanwhile China's fixed-asset investment declined 4.1% year on year in the first five months of 2026.

Last week's trade and debt numbers reinforce the claim that China is finding it harder than ever to restructure its economy. It is expending huge resources in growing output, especially manufacturing output, but Chinese producers rely more than ever on soaring exports to offset weak domestic demand.

So far this year's numbers show that China's economy has further increased its already-excessive dependence on surging debt and soaring trade surpluses to keep GDP growth from slowing. It is not clear how much longer this growth model can be sustained before China is forced into a very difficult economic adjustment, but it is almost impossible for China to exit this model without a sharp slowdown in near-term growth, which is why, for all its promises, Beijing has been unable to adjust.

The problem, of course, is that as long as this process continues, it will increase the final adjustment costs for the Chinese economy and will further undermine manufacturing in the rest of the world.
https://t.co/N6uiKiTPUy

[Kin Peng Ow @oterenceo]

@realDonaldTrump
No peace deal if your brother in arms don't play by your rules.

[Shadow of Ezra @ShadowofEzra]

BREAKING: Benjamin Netanyahu says he will not comply with President Trump’s peace deal with Iran and will strike Iran and Lebanon whenever he deems necessary.

Netanyahu says he does not see eye to eye with Trump on the issue and that he is responsible for Israel’s security.

Nethanyahu needs to be removed.

[Kin Peng Ow @oterenceo]

@MarcoFoster_ @GretaThunberg And Trump would say

[Kin Peng Ow @oterenceo]

@graciehartie Don't be racist.
Our forefathers are immigrants too.
Regardless of race language or religion
See our TFR? We need migrants to keep up
Immigrants create jobs, without which you will be jobless
Sound familiar?

[Science girl @sciencegirl]

A robotic phone farm with rigs that continuously tap, swipe, and scroll through short videos. The system simulates human activity around the clock, generating artificial views, watch time, likes, and other engagement signals.

[Kin Peng Ow @oterenceo]

They want to end women suffrage?
If this is true then,
USA is truly no longer the leader of the free world.

[Marc E. Elias @marceelias]

Several women said they’d be willing to give up their right to vote if it meant creating a more conservative country at the Turning Point USA Women’s Leadership Summit recently held in San Antonio, Texas. https://t.co/J4KKj8Nver

[Kin Peng Ow @oterenceo]

@business @Erika_D_Smith @opinion The whites feel fear.
They feel threaten.
Their insecurities and already thin social safety nets means they are very easily manipulated.
Politicans exploited these insecurities easily.
To quote south park:
Migrants took their jobs....

[Kin Peng Ow @oterenceo]

PAP to me has always been Pro Singapore.
Never Pro Singaporean.
They live in their castles in the air completely disconnected from the peasants.
Occasionally they talk down to us.

[Kin Peng Ow @oterenceo]

Change your life for the worse?
Unless you have superior genes or you are super rich, don't bother. LKY instilled it in us. You are either an elite and deserve the best or you are nothing.
Most are not good enough.
Elitism and LKY's firm belief in Eugenics is still strong in SG.

[The Straits Times @straits_times]

Want to change your life? Become a dad https://t.co/N8pPp7Yija

[Kin Peng Ow @oterenceo]

@straits_times Endless anxiety on which primary school he or she will study in.
Endless anxiety on being jobless being replaced by AI or a foreigner.
Endless tuition and suffering for the offspring.

[Aurora Aveneu @aveneu_]

Is self-defense just about cunning? The tactics are too elaborate…

[Kin Peng Ow @oterenceo]

Such vanity.
空気を読む!

[The Honey Badger @Nance726]

If you visit St. Peter’s Basilica in Rome please remember,
Catholicism is a religion of obedience & follow the rules.
Also, etiquette is not optional.
This is what main character syndrome looks like.

[Kin Peng Ow @oterenceo]

@qiaohuanxin 拆纳！

[Kin Peng Ow @oterenceo]

@ImMeme0

[Kin Peng Ow @oterenceo]

This is why the world will never trust the USA again.

[Molly Ploofkins @Mollyploofkins]

Real America's Voice host Grant Stinchfield thinks the left sabotaged Trump's work on the Reflecting Pool:

"President Trump fixes the Reflecting Pool and a week later it's green again, loaded with algae… Sabotage… Vandalism? I believe it is. The left can't stand Trump, American greatness, and his quest to make DC beautiful again. What a shame!"

[Kin Peng Ow @oterenceo]

Ah... This brings back memories...but also induced nightmares...

[AlphaFox @alphafox]

Chinese He-Man has better production value than the Hollywood film: 😂

[Kin Peng Ow @oterenceo]

I used to stay up late just to catch the matches of the FIFA World Cup.
Now it's like a non-event.

[Kin Peng Ow @oterenceo]

This is akin to a coffin nail to Lalamove.

https://t.co/m3VEGbvKNj

[Kin Peng Ow @oterenceo]

@CliffW08950229 In USA there is trickle down economics.
You just have to wait for it to trickle down.