China lowers growth target to around 7% - New goal is lowest since 1990 as China enters ‘new normal’
49 minutes ago
I do not have much knowledge on the micro side of foreign reserves:p but i do know a drastic drop of this magnitude spells trouble to our economy. More so when we are still under capital control. I really wonder whether our country have enough US dollars for this 25% capital flight. Forget about trade surplus reserves. We are dealing with hard US dollars cash here. By the way, have you hear about the rumour that Najib cant last two years in office? It's out there at every corner and people are still talking about it. Wonder who started all that? Lets wait and see... Only time can tell. On my personal take, I would prefer this regime to be brought down totally and preferably in 6 months time before they inflict further damage to an already critical situation that we are facing. Just my take here. You are allow to agree or disagree with me.