weehingthong

10 cars crushed after building beam collapses at Kuchai Entrepreneurs Park, K.L.

Posted on August 16, 2023 by weehingthong

1. At least 10 cars were crushed last night when a building beam collapsed at Kuchai Entrepreneurs Park in Kuala Lumpur.

No injuries have been reported thus far, says PDRM.

"We urge the public to stay away from the area for the time being," it adds.

📹: izzrafiqalias/TikTok pic.twitter.com/CFd7b9RQqp
— BFM News (@NewsBFM) August 16, 2023

3. PDRM has also urged the public not to speculate on the incident.

Meanwhile, Fire and Rescue Department personnel will remain at the scene until DBKL and JKR have conducted their inspection.

"Our personnel are on standby as we worry more debris will fall," they say.
— BFM News (@NewsBFM) August 16, 2023

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Robert Kuttner, The China Conundrum

Posted on August 16, 2023 by weehingthong

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If a Chinese slowdown is associated with a rebalancing of domestic demand and a faster contraction in savings than in investment, which is likely, it will be mildly positive for global growth, if not for hard commodity exporters.
— Michael Pettis (@michaelxpettis) August 16, 2023

pic.twitter.com/s2B3tvyhM3
— simonthong aka kitty poo (@KittyPo80176717) August 16, 2023

https://prospect.org/world/2023-08-15-china-conundrum/

“🇨🇳(runs) a chronic surplus. So its impact on the world..is far less contractionary. Some sectors & nations, eg exporters of raw materials will be affected (or) companies that export luxury products..But slowdown in🇨🇳will not tip the world into recession.”https://t.co/EYLwasFUcW
— Shehzad Qazi (@shehzadhqazi) August 15, 2023

What is the global impact of China's downturn? Will it force changes in China’s political system? How much is U.S. policy—tariffs, export controls—implicated? And what does it mean for U.S. containment? @rkuttnerwrites has answers:https://t.co/BspSs0OEQf
— David Dayen (@ddayen) August 15, 2023

The Chinese economy has seen a decline in exports to the U.S. and Europe, one symptom of their economy’s growth slowing down, but not collapsing. https://t.co/7R1kMSGm9v
— The American Prospect (@TheProspect) August 15, 2023

“The perception that doing business in China has become much riskier is reducing Western capital flows into an economy already struggling with weak investment and consumption.” https://t.co/7R1kMSGm9v
— The American Prospect (@TheProspect) August 15, 2023