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Showing posts with label Trump US-China Trade War. Show all posts
Showing posts with label Trump US-China Trade War. Show all posts

Tuesday, June 25, 2019

The hegemonic anxiety of America First


In the global political landscape looms a superpower with a military and economic might widely believed to remain unrivalled at least for decades to come.

Yet it appears that in recent years the hegemon -- the United States, or specifically its national security apparatus -- has grown increasingly restless. It sees the irrevocable collective rise of the developing world as a threat and refuses to accept what is natural and inevitable. That bodes trouble for all.

The peerless prowess that underpins the United States' leading role on the world stage stems from a combination of political, economic, geographical and other factors, including a grand vision that allowed it to work with others to establish the current international system.

Yet that strategic sobriety has noticeably given way to a sense of superiority. Three decades of unipolar hegemony has induced a historically ill-founded but deeply entrenched belief in Washington that the United States is an exceptional country above all others, and international affairs should be managed in either the American way or no way at all. Its past success in nipping every serious challenger to its dominance in the bud has only deepened its complacency.

But now with the unstoppable growth and ascent of developing countries, it appears destined that the U.S.-led West will have to share the stage with "the rest." Although the nascent shift is merely a logical outcome of history and does not cost Washington any of its legitimate interests, a self-inflicted anxiety is taking hold of what is called the national security state of America.

Hawkish decision-makers and opinion leaders are drowning out reason and morality in the United States and fanning the fear that America is losing what it is entitled to. Upholding the banner of "America First," the current U.S. government has in a little more than two years shown the world how far it is willing to go in order to "make America great again," although the United States remains the sole superpower in today's world.

Global trade is so far a major battlefront. In the eyes of incumbent U.S. policy-makers, the laws of economics and trade are nothing but a hoax, and any country that has a trade surplus with the United States is ripping it off.

They have waged waves of tariff offensives against not only China, but also U.S. allies like the European Union, Japan, South Korea and Canada, slapping heavy levies on imported products ranging from steel and auto parts to toys and bikes, regardless of rising financial burdens on domestic consumers and businesses, and the rules of the World Trade Organization (WTO).

Washington's assault on the rules-based multilateral global trading system is posing a serious threat to future global economic growth. Gita Gopinath, the International Monetary Fund's chief economist, warned in May that "the latest (tariff) escalation could significantly dent business and financial market sentiment, disrupt global supply chains and jeopardize the projected recovery in global growth in 2019."

The high-tech realm has also witnessed the United States scrambling to secure its supremacy. However, it is trying to do so not by sharpening its own edges in fair competition, but by employing the state power to drive out competitors.

Its unjustified crackdown on telecom equipment provider Huawei and other Chinese high-tech companies under the excuse of national security is reminiscent of its erstwhile plot against Japan's once booming semiconductor industry, and widely interpreted as an attempt to sabotage China's standard-setting capabilities in such key areas as the next generation of mobile communications and ensure China's permanent inferiority, at least in advanced technology.

In the realm of geopolitics, Washington's hegemonic anxiety disorder has become even more conspicuous, especially in its policies on the Middle East and Latin America. In recent months, the United States has flirted with going to war against Iran and orchestrating a coup d'etat in Venezuela.

Meanwhile, the current US government is seeking to reap the benefits of being what Martin Wolf, chief economics commentator at the Financial Times, called a "rogue superpower" while refusing to bear its due global responsibility. Its withdrawal from the Paris climate accord and the Iran nuclear deal has breached the global efforts to address many of the world's most pressing challenges.

In the post-Cold War era, the West once believed that the world had entered a period of "Pax Americana," where the United States would act as a builder of a rules-based international order and a guardian of peace. However, three decades later, Western countries are disappointed to discover that it has become a big bully pushing the world toward "Chaos Americana."

Given the high stakes, the international community, including the sober minds in America, needs to work together to help Washington make peace with the current historical trend. After all, every nation is part of the planet, every people is entitled to pursue happiness, and every country has the right to developing its economy and technology.

As for Washington, it should, as US political scientist Joseph Nye has suggested, learn the importance of using its power with others, not just over others, in today's increasingly interdependent world.

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Hegemonic practices of US will finally lead to failure

There's a proverb in the western world that self-knowledge is the most valuable knowledge. However, some US politicians, who are just not able to have a clear knowledge of themselves and the global situation, are still stubbornly following the outdated hegemonic approach.

With the strategy of "America first", these US politicians have never cared about the interests of other countries or the common welfare of global citizens.

They started the trade war under the excuse that the US is losing in its trade with China, but keep silent about the huge profits they have gained from the relationship. They make frequent statements that other countries have posed threat on US national security, but turn mute on their globally-reaching intelligence network. They strongly criticize international organizations such as the WTO, but make no mention of the fact that the US is a major founder and the largest beneficiary of the current global governance system.

White House National Trade Council Director Peter Navarro even said bluntly that other countries dare not to take retaliatory measures against the US because of the great power of the latter. Such arrogance revealed what truly lies under the slogan of "Make America great again".

The bullying and arbitrary practices of the US are supported by the hegemonic logic of the country that US rules apply to the whole world and other countries must compromise to ensure US interests.

From the "economic aggression" theory by US Vice President Mike Pence, to the fallacy made by Navarro that Chinese commodities are mortgaging America's future, and to the statement of former White House Chief Strategist Stephen Bannon that exporting of Chinese excess capacity gutted the upper Midwest of the United States, these US politicians take normal economic exchanges as "nails" and wish to hammer them. They are not willing to see the Chinese people live in a well-off society just like Americans do.

Under the banner of "America first", some US politicians just cannot keep a lid on their impulses and even started attacking their allies. Not long ago, Chancellor of Germany Angela Merkel expressed her views on the cracking foundation of the post-World War II order and the deterioration of trans-Atlantic ties. The US is becoming a rival of global countries.

Why the US politicians are still dreaming about the "chosen nation" and "shining city upon a hill"? It's because they still believe in the old philosophy that might is right, and perceives the world with a "law-of-the-jungle" mentality. Besides, they are taking international relations as a "clash of civilizations".

This explains why the US government always calls itself a monitor of global orders and a judge of international relations.

With the irreversible trend of today's multi-polarization, economic globalization, cultural diversification and social informatization, the US is still considering itself a savior of the world and taking the globe as its "backyard garden" where it can act arbitrarily and do everything it wants to. It is even making attempts to stop the building of a community with a shared future with the so-called "America first" policy.

At present, the US hegemony has aroused anger from across the world. Even some US enterprises are making adjustments in reaction to the pressure from the US government. A series of "made-in-America" companies including Harley-Davidson, Inc., have "escaped" from the US, and Exxon Mobil Corporation and Tesla are also building factories in China.

However, the US hegemony is nothing but a wishful thinking. According to American scholar Stephen Roach, the US had merchandise trade deficits with 102 countries in 2018, which reflected the extreme insufficiency of the country's domestic savings - a situation caused by the rash approvals of budget deficit made by the congress and decision makers.

Some scholars attributed the inequality in the US to its wrong policies, rather than economic globalization. Unfortunately, some US politicians made wrong prescriptions, and called other countries a barrier on the way to "make America great again".

Blaming the others for its own mistakes, the US will miss the opportunity for self-improvement and hurt the country and people via the diversion of domestic contradictions.

US scholar Robert Kagan argues that America's decline is being actively willed by unnamed "politicians and policymakers", and they are "in danger of committing pre-emptive superpower suicide out of a misplaced fear of declining power".

No country in the world is willing to be manipulated by other countries in human history. Mutual respect, sincere cooperation and win-win benefits should be the principle held by each country when it comes to international relations.

Of course, it's not easy for the arrogant US politicians to be aware of this. The bright side is that facts don't lie and speak louder than words.

There is an idiom in China that ultimate power incurs humiliation. Any country that deviates from the path of win-win cooperation and sticks to zero-sum games, disobeys rules for fair competition and pressures others, and goes against the trend of economic globalization and resorts to conservatism will end up losing.

Hegemony will only consume the power of a nation and accelerate the process of its recession. Such cases are just prevalent in history.

Read more:

 Xi to hold meetings with world leaders at G20 summit -

Summit could signal end to Pax-Americana: expert

Chinese President Xi Jinping will hold multilateral meetings with leaders of BRICS countries, trilateral talks with leaders of India and Russia as well as meetings with leaders of African countries during the G20 summit in Japan from Thursday to Saturday, Chinese officials said


China slams US 'Plan B' ahead of bilateral summit

China on Thursday blasted US President Donald Trump's threat of additional tariffs on Chinese goods just days before a widely anticipated meeting between the leaders of the two countries at the G20 in Japan, striking a defiant tone over the US' bullying tactics and asserting that it is not afraid of "evil and pressure."

China to uphold multilateralism, oppose protectionism at G20 Osaka summit

China is ready to work with relevant sides to firmly uphold multilateralism, and oppose unilateralism and protectionism at the upcoming Group of Twenty (G20) summit in Osaka, Japan, said senior officials in Beijing Monday.

Fighting protectionism G20's top task amid trade war

Amid an impasse between the US and China, the G20 summit in Japan offers a platform where US President Donald Trump will be able to talk with Chinese President Xi Jinping, if all goes well. It is too early to predict the outcome, but the summit has rekindled hopes that the two sides may resume trade talks after negotiations to reach a broad deal left hanging last month.

Fighting protectionism G20's top task amid trade war

Amid an impasse between the US and China, the G20 summit in Japan offers a platform where US President Donald Trump will be able to talk with Chinese President Xi Jinping, if all goes well. It is too early to predict the outcome, but the summit has rekindled hopes that the two sides may resume trade talks after negotiations to reach a broad deal left hanging last month.

US policies can cause global recession: expert 

The US has increased trade conflict with China, and also Europe. What was the primary reason for Washington to start the trade dispute with them? Will China and Europe further expand cooperation to deal with US unilateral and protectionist behavior?

Pompeo's role as troublemaker runs counter to diplomacy

Having a secretary of state of this caliber is a tragedy of US politics and the sorrow of international politics. The world needs to be exposed to the damage Pompeo has brought to humankind's peaceful existence.

Can US force multinationals out of Chinese market?

American people will feel the pain if the world is deprived of China's huge market.


Related posts:

The Sino-US trade dispute is not only a game between representatives of the two countries at the negotiating table, but also a cont...
Photo: IC https://youtu.be/tGD072hQGP8   The US has no lack of a “criminal record” in terms of technology theft.  The US has r...
https://youtu.be/XEkGcbYGi88 Huawei Founder and CEO Ren Zhengfei hosted “A Coffee With Ren” discussion at the company’s headquarters, w.

Monday, June 24, 2019

US technology sector faces triple threat

Uncertainty over the future of US-China economic relations has derailed the once high-flying global equity market, which rose almost 15 per cent in the January-April period.

Clive McDonnell, head of Equity Strategy at Standard Chartered Bank, looks at the causes behind the decline.

The technology sector, now facing challenges on a number of fronts, is supposedly the main cause behind the decline.

While President Trump’s policies get blamed for a lot of events impacting global equity markets, he is probably less responsible for the upset in the technology sector than many would have you think.

There are three primary challenges facing the US technology sector:

      1. The sector’s high overseas revenue share: over 60% of total revenue comes from abroad.

      2. The threat of regulation on accessing and using personal data.

      3. Monopoly powers and the risk of an antitrust investigation.

Let’s consider each factor. US economic growth appears resilient in the face of weaker growth prospects in the euro zone and emerging markets.

However, since US technology companies generate more than 60% of their revenue from overseas, they are acutely sensitive to slower growth prospects outside the US. In the past, they have been able to offset slower growth in the euro zone with robust growth in emerging markets led by China.

The next downturn may witness slower growth in both regions, which would leave US technology companies exposed relative to US banks and utilities which have the lowest overseas revenue exposure amongst US companies.

Additionally, there is a risk that China responds in kind to the US President’s targeting of Chinese technology companies. There is also a risk that US dollar strength creates a negative effect on US technology sector earnings once overseas revenue is converted into US dollars.

The threat of regulation on accessing and use of personal data looms large for technology companies, particularly those in the social media space. Europe has been at the forefront of regulating use of personal data via the General Data Protection Regulation (GDPR).

These regulations changed the balance of power between individuals and companies over the use of personal data. The rules give EU citizens more control over their personal data held by companies and the right to have their data removed from databases, the so-called “right to be forgotten” law.

The challenge for US companies is these rules cover their processing of personal data in Europe, regardless of the residential location of the individual generating the data.  

The rules give EU citizens more control over their personal data held by companies and the right to have their data removed from databases.

Similar to the long arm of US financial regulators – which impact banks regardless of where they are incorporated once they engage in US dollar transactions – European rules on personal data are impacting US technology companies in ways that are not covered by domestic laws.

The central business challenge for US technology companies, in particular those in the social media sector, is their business models are built on free access to consumer data in exchange for free use of their software, including search, email and productivity tools, such as those available on Google Drive.

If these companies lose unfettered access to personal data, they would likely start charging consumers for use of the same software.

This, in turn, will have a significant impact on their advertising revenues, as the precision they have been able to offer companies targeting customers would decline. No doubt their business models would evolve, but this could be at the cost of lower net margins relative to the near-20% margins they currently enjoy.

Finally, the perceived monopoly power of some of the sector’s leaders and the resultant risk US technology companies face from antitrust investigations is probably the biggest risk to the sector.

The definition of monopoly power in the US, focusing on the short-term price impact on consumers from company actions, has been unchanged for over 40 years.

Specifically, if company actions lead to higher prices, it could be designated as a monopoly (and importantly, the reverse also applies). This is relevant for technology companies as many have helped to lower prices for consumers.

The definition of monopoly power is changing. This is led by Lina Khan, a Legal Fellow at the Federal Trade Commission and an academic Fellow at Columbia Law School.

In a paper, entitled “Amazon’s Antitrust Paradox (1)”, she challenged the current interpretation of antitrust law which is designed to curb monopolistic power. She proposed that lower prices were not necessarily good for consumers if prices were used as a tool to choke off competition and eventually restrict consumer choice.

The primary tool available to technology companies to manipulate consumer choices (and some would say restrict competition) is their search algorithm.

Whenever a social media or e-commerce company implements a change to their search algorithm, the ensuing uproar amongst its users and customers is a measure of the importance this tool has to drive sales and choices for consumers.

The search algorithm assumes unique power once a platform becomes dominant in an industry and consumers no longer look at other platforms as they believe that their chosen one offers them all the choice they need.

The risk is: their choices are being determined by companies who pay more to appear higher up the search results than those which pay less, even though the latter companies may offer lower prices.

If regulators’ definition of monopoly power evolves, as Lina Khan suggests, there is a risk of antitrust investigations against US technology sector leaders, with penalties ranging from fines to reversal of prior acquisitions.

The challenges facing the US technology sector have converged at a time when valuations are elevated and earnings growth has weakened.

They are shining a light on their business model, which can undoubtedly evolve, but may require changes that the market is not currently anticipating.

Clive McDonnell is Head of Equity Strategy at Standard Chartered Private Bank.

The views expresssed here are entirely the writer’s own.

Read more:

US block spurs tech independence drive by Chinese companies

The latest US blacklisting of the Chinese supercomputing companies will not reduce domestic technology companies' resolve to pursue innovation and research and development (R&D) as they strive to make up for shortcomings in certain segments to pursue further growth despite “irrational assaults” by Washington, industry insiders said.


Innovation is a driving force within China's economy today. Yet behind that innovation, what's the role of research and development?


https://youtu.be/xo_OLlL7XqI
https://youtu.be/xo_OLlL7XqI?t=199

Friday, June 21, 2019

US hypocritical in accusing China of tech theft

Photo: IC
https://youtu.be/tGD072hQGP8

 

The US has no lack of a “criminal record” in terms of technology theft.


 The US has repeatedly ignored China's innovative breakthroughs through self-reliance and hard work but accuses China of "stealing" US technology and intellectual property rights. These arguments do not hold water.

These absurd accusations imply that the US must be the absolute leader in technological innovation - only the US is qualified to make major breakthroughs while others should merely follow its lead and import its technology, otherwise they are "stealing." Such logic is ridiculous.

A country's technological innovation capability is closely related to its scientific research resources, such as talents, capital, and scientific experimental devices. Leading scientific research resources have determined the US leading position in various science and technology fields. Nonetheless, economies including the EU, China, Japan, Russia and India have also mastered considerable scientific research resources and developed technological innovation capabilities with their own characteristics and advantages.

It is due to such relatively scattered distribution of global research resources that the US can never be an "all-round champion" of technological innovation. It is natural that other countries will catch up with the US in certain fields.

Historically, the US made a great fortune during WWII, and out-competed the Soviet Union in terms of comprehensive national strength during the Cold War. Even so, the US failed to gain absolute dominance over the Soviet Union in technological innovation.

As a major technological innovator keeping pace with the US, the Soviet Union set multiple world records in its golden age. The world's first nuclear power plant, artificial earth satellite, manned spacecraft, space station and intercontinental missiles were all built by the Soviet Union. As far as weapons and equipment are concerned, both the Soviet Union and the US had something in which they excelled. Even now, Russia, the successor state to the Soviet Union, surpasses the US in some respects.

The US made its first nuclear power plant, artificial satellite, manned spacecraft, and intercontinental missiles after the Soviet Union's success. Based on its current logic, should these US cutting-edge technologies be regarded as something stolen from the Soviet Union?

There are more examples. China led the US in the processing power of supercomputers for many years. In June 2018, the US retook the world's lead thanks to its machine "Summit" which could process 200,000 trillion calculations per second. By following US logic, should we say the US surpassed China by stealing China's supercomputing technology?

Some have already noted that the US is actually the guilty party that files the suit first. The country has no lack of a "criminal record" in terms of technology theft. In the first decades after its founding, the US tried hard to "steal" advanced industrial technology from the UK to develop its own industries.

During WWII, prior to Germany's surrender, the US established the Alsos Mission. The team was sent to Germany not to fight, but to capture top German scientists and their technologies ahead of the Soviet Union. It is said that Wernher von Braun, one of the founders of the US space program, was a leading figure in Nazi Germany's rocket development program.

When the Soviet Union collapsed, the US took the opportunity to obtain advanced military technology that the Soviet Union had accumulated for years and to lure away many top technical talents.

After that, plenty of US weapons benefited from the Soviet Union's technology to varying degrees, which saved the US time and money. The US technology theft from the Soviet Union has produced generous returns.

However, the US is not ashamed of such records. Many Hollywood blockbusters have molded American spies conducting such theft into the embodiment of justice, and molded theft into a just act. Perhaps it is precisely because of this that the US is now judging others by itself.

In recent years, China has continued to increase investment in science and technology. In 2018, the country's research and development funds amounted to nearly 2 trillion yuan ($290 billion), second only to the US. The efforts will naturally pay off.

Nevertheless, the US deliberately turned a blind eye to China's efforts to promote independent innovation and contain China's development. The past actions and current absurd logic of the US are being seen through.

Source link 


Innovation is a driving force within China's economy today. Yet behind that innovation, what's the role of research and development?


https://youtu.be/xo_OLlL7XqI
https://youtu.be/xo_OLlL7XqI?t=199



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https://youtu.be/7_kKAiHjJyY They say a good conversation could be just like drinking a cup of black coffee and as stimulating as it is...

Thursday, June 20, 2019

China takes moral high ground in face of US power play



The Sino-US trade dispute is not only a game between representatives of the two countries at the negotiating table, but also a contest between the two sides in the field of international public opinion. In this dispute, which may evolve into a protracted confrontation, China has no choice but to take international justice and law as the criterion. While striving to safeguard its own core interests, China is also committed to international morality.

Over the past year and more, the tactics used by China and the US in the trade war have drawn a sharp contrast, highlighting the new trend of the strategic game between emerging powers and already existing powers in the new era.

China is actively opening to the outside world to reduce trade restrictions, while the US frequently imposes tariffs on other countries. China never threatens other countries, but seeks common interests through negotiations. The US frequently resorts to a maximum pressure approach. China respects the international system and acts in accordance with the principles of justice. The US does not obey rules, and uses what is appropriate and discards what is not. China respects each other's concerns about economic interests, while the US only considers its own interests. China has resolutely defended and safeguarded the basic principles of the WTO and put forward a reform plan. The US threatened to withdraw from the WTO to act according to its will. 

Welcome to America Illustration: Liu Rui/GT
Uncle Sam, which prides itself on international justice, has arrogantly put "America First" above international justice and law. Closing the door for selfish gain, Washington is slipping from the moral high ground. China adheres to principles, is calm and rational, pursues fairness and justice, opens the door to common prosperity and cooperation, and presents itself as a responsible major country. 

Theodore Roosevelt once said, "If we are to be a really great people, we must strive in good faith to play a great part in the world." The use of unilateralism to force opponents to surrender has caused the biggest blow to the international free trade system since the end of the Cold War.

At this time, it has become the common responsibility of the international community to work together to consolidate and improve the existing international economic and trade system so that it is fairer and more reasonable and not hijacked by the US.

It appears that the US is decoupling with China, in fact, the US is decoupling with the world. As the largest developing country and the world's No. 2 economy, China has the responsibility and wisdom to play a bigger role in promoting globalization.

The conflict between China and the US tests the level of political governance, the potential of economic development, the unity of the people and the global influence of the two sides. The future depends more on who can be a positive force for world peace and development.

China's economic and trade links with the rest of the world have never been so extensive and deep as they are today. The further development of globalization and the progress of the world political and economic governance system need China's contribution.

China is an emerging power. The rise of any big country in history will not be smooth. A great power that can truly stand firm on the world stage may start out lonely, but in the end, it becomes more and more cohesive. The trade war has put China through the test that a rising power must endure. It has strengthened our confidence to firmly occupy the international moral high ground.

China's past success lies in its ability to accurately grasp the convergence between China's "potential" and the world's "potential." China's sustainable development in the future depends on how we take advantage of the trend of world development to develop ourselves, and use our own reform and opening-up to promote world development.

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Wednesday, June 19, 2019

Minds without borders: A coffee with Huawei Ren: We will be reborn by 2021

https://youtu.be/7_kKAiHjJyY

They say a good conversation could be just like drinking a cup of black coffee and as stimulating as it is hard. Today's conversation is certainly stimulating intellectually and thought-provoking. The panelists on stage are trailblazers in their respective fields and certainly very outspoken about the challenges that we are facing today. First up, Ren Zhengfei, the founder and CEO of Huawei. Next, Catherine Chen, the senior vice president and director of the board of Huawei. Also on stage are George Gilder, a tech guru and futurist and Prof. Nicholas Negroponte, a tech visionary who's the co-founder of the MIT Media Lab.

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Category:  News & Politics

Read more:

 Amid debilitating trade war, silent majority key to stabilizing China-US ties

With trade disputes and Huawei row in the forefront of ties, China-US relations have seen unprecedented tensions.


China's semiconductor industry will come out stronger from US crackdown

Painful lessons have taught us time and again that strength is the only thing that matters.

The US trade war against human rights

If the trade war goes on, it will exert an overwhelming impact on the world industrial chain. The US cannot remain unaffected. Its supply and marketing network, which plays a significant role in American people's living standards, will be hit hard. 

Tariffs to wipe out US profits

Proposed US tariffs on Chinese imports will hurt US companies and consumers more than they might imagine and will damage an industrial chain that connects the world's two largest economies, industrial representatives from both China and the US said on Tuesday

Huawei founder:We will be reborn by 2021 - Business News



US companies fight against Trump's tariffs - Business News



 
Related post:

Why does the West fail to understand China? The West misreads, China is rising, said Cambridge Prof 

 

A phoenix has risen from the ashes - THE RISE OF CHINA


The oppression of a civilization:

The world was turned into an ocean of colonies of subject people during the few centuries of ‘friendly’ European conquest. The Africans were turned into slaves, the natives of both Americas massacred. The ancient civilization of China was crippled and dismantled into pieces. After the Western powers brought down the decadent Qing Dynasty with the might of modern firearms, the Chinese civilization was turned into a pariah race of nothingness by the invaders in their country. The foreigners did not bring anything good but oppression, bullying and raiding China ’s wealth and dignity by all kinds of barbarian and deceptive means, and by the barrel of the gun. The Japanese joined in and even thought of conquering and ruling the whole of China as their colony.

There was a moment of salvation when Japan attacked Pearl Harbour and declared war on the Western power. China and its peasant soldiers were needed to open another front to sap the fighting power and resources of the Japanese. A large part of the Japanese Imperial Army was held down in China by the peasant soldiers. History would not be the same if the Japanese could run through China without resistance and conquer the whole of Asia .

After the war there was a brief moment of equality for China as a key member of the Allied Forces that fought against the Japanese. Chiang Kai Shek was seated with the Allied leaders like Churchill, Stalin and Roosevelt in Potsdam and Cairo to divide the world among the victorious Allied Powers. China was lucky to have its lost territories back. But Chiang was more like a flower vase and inconsequen-tail, would not be deserving of any war loot. His presence among the leaders of the big powers was a consolation that gave China a little recognition as a big nation.

This little moment of dignity did not last long when Mao Zedong defeated Chiang and China adopted communism as a state ideology. This turn of event led to a renewed and concerted Western effort to brand and condemn the Chinese civilization as peasants, rogues, dumb, uncivilized, aggressive and the pariahs of the human race, a good for nothing race that was lack of talent, unproduc-tive and unimaginative, and unfit to join the advanced nations of the West.

This was the hopeless China painted by the West. They kept repeating the misinfor-mation daily in all western media, like they are doing to North Korea today, that the whole world simply believed so. Chinese are useless, Chinese are lame, Chinese are bad.

Cold Wars, containment policies, encirclement, depriving China of its rightful seat in the UN, blocking China from joining international organizations like the WTO and the Groupings of rich nations, were history now. In the last 40 odd years, China came storming back on its own despite all the sanctions and barriers and threats against its rise as a nation and the Chinese people as a civilization, old, ancient, but not useless and remote of talents.

Throughout the two hundred years of Western oppression and suppression, the Chinese civilization was not allowed to surface, no opportunity to break out and be the equals of other nations. The Chinese civilization was down and out, the Chinese in despair. Many Chinese had doubts in themselves, and were ashamed to be Chinese. The Westerners reinforced this belief by sneering at them, contributing negative literature furiously to debase the Chinese, discriminated against them in practically every human endeavour and industry. In the USA there were racist laws forbidding the Chinese from higher skill jobs. The image and perception of useless and untalented Chinese became a self fulfilling prophecy. The Chinese civilization was a joke, a condemned race that was lacking in industry and innovation.

On its own, slowly and steadily the Chinese rebuilt their nation and their civilization, with little foreign talents and assistance, China has overtaken Japan and is closing in on the US as the number Two world power, economically and militarily. They have proven that they could match the West in every field of industry. The oppression and suppression of a civilization have failed, and a revitalized China has assumed its rightful place as a proud nation among nations. The Chinese civilization is no longer to be spitted at, to be kicked around by the Western powers or by teeny weeny little Asian states. It is now a force to be reckoned with and to be respected on its own merits.

The tag of being the Sick Man of Asia, a semi colony of the West, a broken country with nothing, no inventions, no modern industries, no talents except poverty and all the trappings of a poor and backward third world country vanished over a few decades. There is renewed pride as a people, a nation and a civilization in the new China. A phoenix has risen from the ashes. There is no turning back. The Chinese have found their way back and will leap frog over the West in science and technology and in all things, while the West are still trying to restrain their advances by hook and by crook.

Today, the overseas Chinese are also starting to rediscover themselves, their pride and dignity as a respectable people. They too find some renewed confidence that they are not rubbish and useless as the West wanted to hole them in, to be bullied by even little third world people, to be told to go home in western countries. They too share the pride of an ancient civilization seeking a second chance in renaissance, to achieve in whatever they seek to do, to be a respectable people and civilization on par with the best in the world. They no longer lower their heads in shame as they go about their lives. They are standing tall, heads and shoulders to the Western civilization with the knowledge that they are just as good if not better. The Chinese civilization is reviving and will no longer be oppressed and suppressed again.

After reading this, you can now benefit from a short history lesson of mankind and their actions on earth and the generations to come....DONT BE DECEIVED ANYMORE BY THE WEST…

Saturday, June 15, 2019

Trade war spurs 1,360% investment jump in Malaysian state of Penang


https://www.bloomberg.com/news/videos/2019-06-11/trump-says-he-s-holding-up-trade-deal-with-china-video

The Malaysian state of Penang is winning from global investors’ search for safe havens, amid the U.S.-China trade tensions.

Foreign direct investments into its manufacturing sector surged 1,360% to 8.47 billion ringgit (US$2 billion) in the first quarter from a year ago, more than for the entire 2018. The state stands to gain from changes in the global supply chain as it’s well-connected with a strong talent pool and supportive public policies, Penang Chief Minister Chow Kon Yeow said in a Wednesday statement.

The state, already home to companies from Intel Corp. to Dell Technologies Inc., makes up 42% of Malaysia’s manufacturing FDI. Recent investments in Penang include U.S. semiconductor company Micron Technology Inc's new solid-state drive assembly and testing centre, and Florida-based Jabil Circuit Inc's purchase of 20 acres of land to expand its facility.

“Malaysia is reaping benefits from business relocation, as well as trade and investment diversions caused by the trade war,” Finance Minister Lim Guan Eng said in a Thursday statement, adding that the rise in investments as well as industrial production signal “healthy” economic growth in the second quarter.

Chow is wary of the near-term outlook and cautions that the investment surge may not be repeated in the second or third quarters. While some companies benefit from the trade war, others are negatively affected as their customers take a wait-and-see approach, he said. Penang’s investment outlook remains “on the right track” over the medium to long term, Chow said.

The state had moved quickly to court investors amid the trade war, signing a cooperation deal with China Chamber of International Commerce, giving subsidized rental rates for small businesses and setting up a seed fund for technology start ups.- Bloomberg

Penang bags big jump in investments 

More than RM8bil recorded in the first quarter of the year
Penang Chief Minister Chow Kon Yeow and State Tourism Development, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin speaking during a press conference at KOMTAR. - LIM BENG TATT/The Star
Penang Chief Minister Chow Kon Yeow and State Tourism Development, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin speaking during a press conference at KOMTAR. - LIM BENG TATT/The Star

THE state recorded RM8.85bil in total approved manufacturing investments in the first quarter of 2019, exceeding the RM5.78bil it received for the whole of last year.

Chief Minister Chow Kon Yeow said the investments in the first quarter were 768% higher than the investments in the same period in 2018.

“Penang garnered 41 projects at the start of this year,” he said at a press conference held at his office in Komtar.

“They amount to RM8.85bil and will bring in more than 10,000 jobs.

“The state is a key contributor to the country’s foreign direct manufacturing investment (FDI), representing 42% of the country’s total FDI.”

Chow highlighted the many attractions of Penang for investors.

“We boast a robust supply chain, strong talent pool, well-established infrastructure and support services to investors.

‘The combination of all these advantages makes Penang a preferred destination for investments.”

He was quoting the latest data from the Malaysian Investment Development Authority (Mida).

However, Chow was more cautious about the business climate later this year.

He said that while Penang could remain a preferred investment destination in the mid to long run, the US-China trade war would have a huge impact in the coming two quarters of the year.

“We believe the meeting between Presidents Donald Trump and Xi Jinping later this month will be crucial.

“We feel our stellar performance in the first quarter might not be repeated in the second and third quarters of this year.

“Nevertheless, Penang’s investment outlook is on the right track over the medium to long term.

“The state government will continue to focus on bringing in high quality investments that can create high-value jobs and suit the state’s industry profile,” he said.

Penang's approved manufacturing investments rise more than seven-fold in 1Q19

Penang attracted approved investments worth RM8.8 billion in the manufacturing sector in the first quarter (1Q) of 2019, up 763% from RM1.02 billion in the same period last year.

Chief Minister Chow Kon Yeow said despite the intensifying trade and technology disputes between the United States and China that created uncertainties in the global trade and economic outlook, Penang remained a favoured investment destination.

"According to the Malaysian Investment Development Authority (MIDA), from January to March this year, Penang successfully garnered 41 projects amounting to RM8.85 billion, which represented 35% of Malaysia's total approved investments in manufacturing," he told a press conference here today.

The approved manufacturing investments in 1Q19 had already surpassed the full-year approved investment figure of RM5.8 billion in 2018, he said, adding that they were expected to create 10,073 job opportunities in Penang.

Of the total investments approved in the quarter under review, foreign direct investment accounted for RM8.47 billion while the rest was domestic investment, Chow said.

"The optimal combination of robust supply chain, strong talent pool, well-established infrastructure and the state's support services to investors makes Penang a preferred destination for investments," he said.

However, Chow, who is also the chairman of the Penang Strategic Investment Advisory Council, said while Penang could be a preferred investment destination in the middle to long run, he was cautiously optimistic on the near-term outlook due to the latest trade war development.

He said there was a truce in the trade war in 1Q but the situation had worsened since.

"US President Donald Trump has threatened to slap tariffs on another US$300 billion of Chinese exports to the US, and the meeting between Trump and China's leader Xi Jinping later this month is crucial," he said.

He also cautioned that the superb investment performance in the manufacturing sector in 1Q might not be repeated in the second and third quarters; however, Penang's investment outlook would be on the right track over the medium to longer term.

"Through InvestPenang, the Penang government will continue to focus on bringing in high quality investments that would create high value jobs and suit the state's industry profile," he said.- The Edge Market.


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Thursday, June 13, 2019

Huawei files to trademark mobile OS around the world after US ban

https://youtu.be/i3kl47rknYQ https://youtu.be/5qQVCLR_0m8
https://youtu.be/jUuevdZsVkA

LIMA/SHANGHAI: China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model.

The move comes after the Trump administration put Huawei on a blacklist last month that barred it from doing business with U.S. tech companies such as Alphabet Inc, whose Android OS is used in Huawei's phones.

Since then, Huawei - the world's biggest maker of telecoms network gear - has filed for a Hongmeng trademark in countries such as Cambodia, Canada, South Korea and New Zealand, data from the U.N. World Intellectual Property Organization (WIPO) shows.

It also filed an application in Peru on May 27, according to the country's anti-trust agency Indecopi.

Huawei has a back-up OS in case it is cut off from U.S.-made software, Richard Yu, CEO of the firm's consumer division, told German newspaper Die Welt in an interview earlier this year.

The firm, also the world's second-largest maker of smartphones, has not yet revealed details about its OS.

Its applications to trademark the OS show Huawei wants to use "Hongmeng" for gadgets ranging from smartphones, portable computers to robots and car televisions.

At home, Huawei applied for a Hongmeng trademark in August last year and received a nod last month, according to a filing on China's intellectual property administration's website.

Huawei declined to comment.

CONSUMER CONCERNS

According to WIPO data, the earliest Huawei applications to trademark the Hongmeng OS outside China were made on May 14 to the European Union Intellectual Property Office and South Korea, or right after the United States flagged it would stick Huawei on an export blacklist.

Huawei has come under mounting scrutiny for over a year, led by U.S. allegations that "back doors" in its routers, switches and other gear could allow China to spy on U.S. communications.

The company has denied its products pose a security threat.

However, consumers have been spooked by how matters have escalated, with many looking to offload their devices on worries they would be cut off from Android updates in the wake of the U.S. blacklist.

Huawei's hopes to become the world's top selling smartphone maker in the fourth quarter this year have now been delayed, a senior Huawei executive said this week.

Peru's Indecopi has said it needs more information from Huawei before it can register a trademark for Hongmeng in the country, where there are some 5.5 million Huawei phone users.

The agency did not give details on the documents it had sought, but said Huawei had up to nine months to respond.

Huawei representatives in Peru declined to provide immediate comment, while the Chinese embassy in Lima did not respond to requests for comment.

(Reporting by Marco Aquino in Lima and Brenda Goh in Shanghai, Additional Reporting by Sijia Jiang in Hong Kong; Shanghai Newsroom and Mitra Taj in Lima, Editing by Himani Sarkar)

Source: Reuters

Read more:

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On the question of the US girding to launch a cyber war, experts said there is not enough information to support the conjecture. However, what is clear is that there will be no winner in cyber warfare, and China will not be crushed given its might.


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Wednesday, June 12, 2019

Huawei’s HongMeng OS 60% faster than Android !

Huawei’s Hongmeng will be 60% Faster than Android

Huawei OS: A secret OS history, development and future

https://youtu.be/i3kl47rknYQ

Finally!!!!! Huawei make come back

https://youtu.be/gmntYOHr4mE

https://youtu.be/lOdrpPfdT9s

https://youtu.be/b_LUXZrImFE Huawei OS: A secret OS history, development and future https://youtu.be/i3kl47rknYQ
Huawei is fighting back with the US by introducing their new Operating System Hongmeng which is 60 % faster than Android. Which will release in 2020.

According to Huawei, they had been working on their own OS for the last seven years and further said that the production of the new operating system is far more than ready.

Google has currently lifted the ban on Huawei for 90 days, meaning the current Huawei customers will continue to get updates for the next 90 days, including their Android app and all.


As CTO of Huawei confirms that their OS will be able to run the android apps, this will be the biggest setback for Android. And to achieve that cause, Huawei is in talks with Apptoide which is a standalone alternative for Google play.There are some rumors which are suggesting that not just Android but this new OS will be able to run iOS applications too.

So will Hongmen be really better than Android? We’re still unsure as we didn’t get any UI/UX of their new OS so right now it is not the perfect time to comment on this situation. But after listening to a number of conferences done by Huawei, we’re sure that this new Operating System Hongmeng is indeed that can shake the foundations of Android, and Android may suffer a lot.

But, this is clear that Android will put up a great trouble to come ahead of this Hongmeng. This is surely going to be one hell of a rift between Huawei and Android to get the market lead. If Huawei succeeds in making their new OS better and more reliable than android than the world will soon see a revolution in the field of technology and innovation.


Huawei’s Android replacement is not, apparently, ready to be launched.

After reporting that Huawei was preparing their own new operating system for a possible launch, Huawei has told TechRadar that its home-grown Operating System will not be rolled out next month. Instead, the company plans for the OS to be ready in China later this year, with an international launch in 2020 with a few modifications in it.

Like most manufacturers, Huawei relies on Google’s Android to power its Huawei phones. Earlier this month, Google announced that it would no longer grant an Android license to the Chinese company by following a White House executive order that effectively blocked the company in the US.

The company has been working on its own Operating System since 2012, a report from CNET sister site TechRepublic revealed in 2018.

“Huawei knew this was coming and they were preparing. The OS was ready in January 2018 and this was our ‘Plan B’,” Alaa Elshimy, managing director and vice president of Huawei, told TechRadar.

“We did not want to bring the OS to the market as we had a strong relationship with Google and others and did not want to ruin the relationship.”

According to the report, existing Android applications will work with the new OS, which could mean it is based on the open-source version of Android. Huawei has its own app store on Android, called Huawei AppGallery, which could host the new apps of future world.

Huawei phones in China do not use Google service so there’s a high chance of adoption of its own Hongmeng OS. But how does Huawei plan to deal with not being able to use popular applications like YouTube, Maps, Gmail, etc. on its Hongmeng OS outside China? Will the company develop competing apps for its Operating System or has Huawei done that already?

So many questions are asked now-a-days. But I guess we may never find out until Huawei unveils the supposed “Hongmeng” operating system expected to substitute Android on its own powered devices.

Huawei’s decision to sue the US government comes as they face increasing rift from the US and its allies over the security of its telecoms network equipment. The Shenzhen-based firm has been banned in the US from supplying to federal agencies under the country’s National Defence Authorization Act.

“The US government has long branded Huawei as a threat. It has hacked our servers and stolen emails and source code,” said Guo. “Despite this, the US government has never provided any particular evidence supporting the accusations that Huawei poses a cybersecurity threat. Still, the United States government is sparing no effort to smear the company and mislead the public about Huawei .” May be the reason behind this could be an expected defeat from Huawei in the race of becoming the king of IT world.

Source link 

 

Read More :


Huawei's HongMeng OS 60% faster than Android: reports

China's Huawei is reportedly intensively testing its proprietary operating system (OS) HongMeng with internet giants and domestic smartphone vendors, and the new system will be launched in the next few months.

 Halting tech exchanges will harm US more


https://youtu.be/asGkOt70fg8


How much do facts matter in Sino U.S. trade war?



https://youtu.be/jPt15LvL6q0


https://youtu.be/rOi0l4lds7Q



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