00:00A reminder before watching the video
00:01Popular websites have more content
00:04Global turmoil
00:05In the current economic climate where the winds of decline are blowing.
00:09Malaysia's economic performance
00:10Actually, it was in the face of adversity.
00:12They stabilized the situation.
00:13Because of the first half of this year in our country
00:16Gross Domestic Product (GDP)
00:17It delivered an impressive 5.6% result.
00:21But many people may have this in mind
00:24There is a question mark on each one.
00:25The national data is very positive.
00:27Why do so many ordinary people...
00:29But he sighed and felt nothing.
00:30I even feel that my wallet is getting worse and worse.
00:33Nazhong Social and Economic Research Center
00:35Executive Director Li Xingyu reminded everyone
00:38Don't be blinded by the overall impressive data.
00:41Because our country has already shown...
00:43The worrying K-shaped economic crisis
00:47So what exactly is a K-shaped economy?
00:50Simply put, it refers to a period of economic recovery or growth.
00:53Trends in various industries and different social classes
00:56A polarized divergence, much like the letter K, has emerged.
01:00Let's put it more simply.
01:01In more colloquial terms
01:03The rich get richer
01:05The phenomenon of the poor becoming poorer.
01:08The end of K that charges upwards
01:10Representing high-income groups or AI semiconductors
01:12High-tech industries such as
01:14They rode the wave and made a fortune.
01:17And the end where K falls downwards
01:20This represents the low- and middle-income groups.
01:22Traditional retail and restaurant services
01:24This group of people not only faces high costs and inflationary pressures.
01:28Profits and revenues are being squeezed continuously.
01:31I feel like I've been completely left behind by economic growth.
01:35This also explains why the data looks so good.
01:39However, many members of the public and business owners felt completely unaffected.
01:43They even feel that the cost of living is becoming increasingly heavy.
01:46Li Xingyu pointed out at the event today
01:48my country's current growth model is not balanced.
01:51That's why Penang and Johor have shown outstanding performance in high-tech exports.
01:55However, most traditional small and medium-sized enterprises in China
01:58But they are struggling with a cash flow shortage.
02:01From a practical point of view
02:03What percentage of GDP does employee compensation represent in my country?
02:06Instead of increasing, it decreased.
02:07It dropped from 37.4% in 2020 to 33.9%.
02:12Far behind developed countries such as Singapore and the United Kingdom
02:16This illustrates the money the country earns.
02:18It didn't actually translate into wages in my pocket.
02:22Although Li Xingyu predicted
02:24my country's economy will not slow down sharply in the second half of this year.
02:28GDP is projected to grow by 4.5% to 5%.
02:31Looking at it over the whole year
02:33It may remain between 5% and 5.2%.
02:36However, he also cautioned that the crisis is not completely over.
02:39The government must not take this lightly.
02:42Because of the oil price volatility crisis stemming from the war.
02:45In addition, the constant interference of US tariff policies
02:48These external risks
02:50Vulnerable risks and small and medium-sized enterprises are always at risk.
02:54This has a disproportionate impact.
02:57What about the government in October?
02:59The 2027 fiscal budget is about to be submitted.
03:02The Chinese General Chamber of Commerce believes that
03:03When the government manages the national accounts
03:05You absolutely cannot look at the overall GDP alone.
03:07Instead, we must pay attention to
03:08The widening wealth gap caused by the K-type economy
03:12Therefore, the Chinese Chamber of Commerce and Industry appealed to the government.
03:14The taxable threshold for the 15% tax rate enjoyed by small and medium-sized enterprises.
03:19Increased from RM150,000 to RM500,000
03:21What about the 17% tax rate threshold?
03:24The amount was increased from 500,000 to 1 million ringgit.
03:26At the same time, I suggest...
03:28The Goods and Services Tax (GST) will be reinstated at an initial rate of 4%.
03:31So that the fruits of economic growth can truly be transformed
03:35Better job opportunities
03:37And living standards
03:38Gathering the people of Malaysia
03:39Um
03:40Um
03:41Um
03:41Um
03:44Um
03:45Um
03:45Um
03:47Um
03:47Um
03:50Subtitle volunteer Yang Qianqian
Comments