In the wake of China’s economic slowdown and increasing geopolitical tensions, countries around the world are having to adapt to a new reality. The days of relying on China as the world’s factory and a source of cheap labor are coming to an end. As China’s influence wanes, countries must reassess their economic and strategic relationships to navigate this shifting landscape.
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Task force on US tariffs includes five ministers; will develop immediate and long-term strategies
Read a summary of this article on FAST.SINGAPORE: A new task force addressing the impact of US tariffs includes five Cabinet ministers and representatives from business and labor, chaired by Deputy Prime Minister Gan Kim Yong. The task force will assess immediate challenges, communicate with affected businesses, and develop long-term strategies to maintain Singapore's economic stability and attractiveness to investors. Concerns about potential economic recession have led to downgraded growth forecasts and eased monetary policies...
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