Everybody has Buddha nature


‘Everybody has the Buddha nature’: Experts analyze Buddhism’s global appeal

As one of the world’s major religions, Buddhism is popular in the West despite its foreign origins and language barriers. And with exchanges of ideas between different regions, such as this month’s first China-Canada-US Buddhist Forum, Buddhism is likely to become more influential.

Buddhism’s appeal internationally is despite significant cultural and ideological differences between continents. Shen Weirong, a professor of Tibetan and Buddhist studies at Tsinghua University, told Dialogue with Yang Rui that Buddhism has entered a “golden age” worldwide.

The religion is developing at speed, not only in Tibet and across other parts of China but abroad, said Shen.

In these violent times, one of the notable aspects of Buddhism is its teaching of peace. It is said that no wars have been fought in the name of Buddhism.

Dayi Shi, president of the Buddhist Association of Canada, thinks Buddhists’ sense of compassion is important.

“In Buddhist history, we don’t have any violence, because Buddha always tells us we have to have compassion,” he explained. “We have to respect each other even though we have different beliefs, we have different religions. But we still have to respect each other. Why? Because everybody has the Buddha nature.”

By Yao Nian ,Wang Dong  – CGTN  

Singapore PM Lee family feud explodes into open, gets more heated


Click for video:

PETALING JAYA: A public spat between the late Lee Kuan Yew’s children has shattered the usually serene political landscape in Singapore, with two siblings accusing their brother Prime Minister Lee Hsien Loong of abusing his powers.

Kuan Yew’s daughter Dr Lee Wei Ling and son Lee Hsien Yang accused their big brother Hsien Loong of, well, acting like “Big Brother”, with Hsien Yang going so far as to say he was fleeing the country.

“We are concerned that the system has few checks and balances to prevent the abuse of government.

“We feel big brother omnipresent. We fear the use of the organs of state against us and Hsien Yang’s wife, Suet Fern,” the two said in a six-page statement that was also posted on Facebook early yesterday morning.

Hsien Yang’s son, Li Shengwu, said the situation had become so bad that the family planned to relocate overseas.

“In the last few years, my immediate family has become increasingly worried about the lack of checks on abuse of power.

“The situation is now such that my parents have made plans to relocate to another country, a painful decision that they have not made lightly,” he said on Facebook.

Wei Ling and Hsien Yang also accused their brother of trying to establish a political dynasty and wanting to “milk” their father’s legacy.

They said Hsien Loong and his wife Ho Ching – the CEO of state investor Temasek Holdings – harboured political ambitions for their son Li Hongyi, who works at government agency GovTech Singapore.

The heart of the matter seems to be the siblings’ unhappiness that Hsien Loong was not following their father’s wishes in demolishing the family home at 38 Oxley Road.

Before he passed away in March 2015, Kuan Yew had already expressed his desire that the house he moved into and lived in since 1945 be demolished because he did not want it becoming a “political shrine”.

That desire was part of his last will and testament, but the current prime minister has declined to follow through.

His siblings have attributed this refusal to Hsien Loong’s political ambition.

“Indeed, Hsien Loong and Ho Ching expressed plans to move with their family into the house as soon as possible after Kuan Yew’s passing,” said Wei Ling and Hsien Yang.

“This move would have strengthened Hsien Loong’s inherited mandate for himself and his family.

“Moreover, even if Hsien Loong did not live at 38 Oxley Road, the preservation of the house would enhance his political capital,” they said.

Hsien Loong, who is travelling overseas with his family, said he was disappointed and saddened by his siblings for “publicising private family matters”.

“I am deeply saddened by the unfortunate allegations that they have made.

“Ho Ching and I deny these allegations, especially the absurd claim that I have political ambitions for my son.

“Since my father’s passing in March 2015, as the eldest son I have tried my best to resolve the issues among us within the family, out of respect for our parents.

“My siblings’ statement has hurt our father’s legacy,” Hsien Loong said in a statement posted on Facebook.

Singaporeans seem divided on the matter.

On Hsien Yang’s Facebook page, he was greeted by more criticism than praise, with some accusing him of being the one who had tainted his father’s legacy.

“A family feud that is aired so openly is a sad thing to see,” said Dolpzy Do.

On Hsien Loong’s Facebook, it was generally the opposite.

Pointing out that Kuan Yew had passed away over two years ago, Jacq Low said, “His last will should have been settled by now.”

While such a public spat is rare in Singapore, it is not unprecedented. Last year, as the island-republic commemorated the first anniversary of Kuan Yew’s death, Wei Ling went public with similar concerns.

In a family feud that played out on Facebook, she said the elaborate events were not what her father would have wanted, and that he would have cringed at such “hero worship”.

Wei Ling, a neurosurgeon, also accused Hsien Loong of abusing his power and using the anniversary to try and establish a political dynasty.

Hsien Loong replied via Facebook, saying he was “deeply saddened” by the accusations, describing them as “completely untrue”.

Source: The Star

 

PM Lee’s family feud becomes more heated

 

PETALING JAYA: The public spat between Singapore Prime Minister Lee Hsien Loong (pic) and his siblings became more heated Thursday, with the younger brother accusing the older of not being truthful.

The two younger children of Singapore’s founder and longest-serving premier Lee Kuan Yew, Dr Lee Wei Ling and Lee Hsien Yang, took to Facebook to air their grievances.

Hsien Yang accused his brother of not being truthful over the issue of their father’s wish to have the family home demolished.

Before he passed away in March, 2015, Lee Kuan Yew had expressed his desire that the house at 38 Oxley Road be demolished because he did not want it becoming a “political shrine.”

He had made that part of his last will and testament.

In a Facebook post, Hsien Yang compared what he said were Hsien Loong’s statements in public and those in private.

Hsien Yang said that despite the prime minister saying in public that the decision to demolish the house did not need to be taken immediately, a “secret committee” of ministers was set up to explore and make recommendations.

When Lee Kuan Yew’s will was recognised as final and legally binding, Hsien Loong did not mount a legal challenge.

However, he privately wrote to the above committee to say that there was no evidence their father knew that the demolition clause “had been reinstated into the last will,” the younger brother alleged.

Hsien Yang also claimed that the prime minister even swore this under oath in a statutory declaration.

Finally, while saying in public that he hoped the government would respect their father’s wish to have the house demolished, Hsien Loong told the committee in private that Lee Kuan Yew would have “accepted any decision to preserve it.”

“The will is final and binding. We have no confidence in Lee Hsien Loong or his secret committee,” Hsien Yang said in his Facebook post.

The tiff between Lee Kuan Yew’s children, simmering since their father’s death, had its lid blown open on Wednesday when the two younger siblings posted an explosive six-page statement saying that they had lost confidence in their elder brother.

Wei Ling and Hsien Yang also accused Hsien Loong of using the state machinery against them.

“We fear the use of the organs of state against us and Hsien Yang’s wife, Suet Fern,” they said.

Hsien Yang, chairman of the Civil Aviation Authority of Singapore, said it had got so bad that he and his family intended to move out of the country.

Wei Ling and Hsien Yang also accused their older sibling of trying to establish a political dynasty and wanting to “milk” their father’s legacy.

They said Hsien Loong and his wife Ho Ching – the chief executive officer of state investor Temasek Holdings – harboured political ambitions for their son Li Hongyi.

In an immediate response on Wednesday, Hsien Loong said he was “deeply saddened by the unfortunate allegations that they have made.”

“Ho Ching and I deny these allegations, especially the absurd claim that I have political ambitions for my son,” he said, adding that he was disappointed in his siblings for publicising private family matters.

However, in a Facebook post on Thursday, his sister Wei Ling said she and her brother would not have issued a public statement if the dispute over their late father’s house was “merely a family affair”.

Source: The Star/ANN

Related Links:

PM Lee releases summary of statutory declarations over Oxley Road house

Lee Hsien Loong’s son says he is not interested in politics

Dispute with Lee Hsien Loong more than a family affair, says sister

Lee Suet Fern says she and husband Lee Hsien Yang are in process of ‘preparing to leave Singapore’

 

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On Mcoin, Bitcoin and points of investment


MCOIN is still very much a talking point, especially in Penang. To the uninitiated, it is the “digital currency” of MBI International, a company involved in a myriad of activities and hogging the limelight for the wrong reasons after being flagged as one of the entities not recognised by Bank Negara.

Since Bank Negara’s warning two weeks ago, the company’s accounts amounting to some RM177mil have been frozen. The cash in question is significantly much more than the previous major scheme that came under probe by Bank Negara and other agencies.

In 2012, the authorities froze RM99.8mil in bank accounts of Genneva Malaysia Sdn Bhd. Also, 126kg of gold were carted away from the office. It has been five years and the investors, most of them ordinary wage earners looking to earn an extra buck from their savings, have yet to receive their money.

One of the reasons is likely that the liabilities of Genneva Malaysia are 10 times more than the assets recovered.

MBI International, which is primarily based in Penang, has a network stretching up to China. According to reports, it has come under pressure from some investors wanting a return of their money.

However, outlets in M Mall in Penang are still accepting Mcoin for the purchase of goods and services. There is no rush to cash out, as one would have expected, considering that the accounts of MBI International have been frozen.

Nonetheless, it is only a matter of time before the value of Mcoin and the ability of MBI International to return money to its investors is put to the test.

Based on previous events that led to companies having their bank accounts seized by the central bank, it would be a long time before the investors are able to retrieve their cash.

There are some who are completely ignorant of the new global order of currencies and money, making comparisons between Mcoin and the rise of cryptocurrencies such as Bitcoin.

If anybody is harbouring any hope that the value of Mcoin would rise just like the phenomenal bull run seen in the world of cryptocurrency, they had better stop dreaming.

There are fundamental differences between instruments such as Mcoin, which in essence is a token to redeem goods at a few outlets, compared to cryptocurrency that is fast gaining traction as an alternative currency around the world.

Mcoin has unlimited supply and its value is controlled by one entity. How the value is derived is not clear.

In contrast, cryptocurrencies such as Bitcoin have a limited supply. And the supply is decentralised – meaning no one entity controls the supply. There is a ledger that tracks all transactions and measures the amount of supply and how much more is available.

The objective of the people behind cryptocurrency is to come up with a currency that is not controlled by central banks. New supply can only come about after hours of a process called `mining’.

The mining process is a complicated one. It involves many hours of programming and utilising high computing skills to predict the next chain in the block of coins. The data used is based on historical transactions and it is said that one block is created every 10 minutes.

Only one successful miner is rewarded with a slice of the cryptocurrency at any one time. He or she can then transact it in an exchange.

The first cryptocurrency is Bitcoin, which began operating in January 2009.

Bitcoin is only one of the hundreds of cryptocurrencies in existence. There are many more new coins coming up, improving on the technology pioneered by Satoshi Nakamoto.

Nobody knows who is Satoshi or if he really exists. However, the legend is that he wanted a currency that is not under the control of central banks, hence the birth of Bitcoin, the first decentralised currency.

The market capitalisation of all cryptocurrency was US$27bil as of April this year – four times more than what the value was in January this year.

Much of the rise is attributed to the volatile US dollar. A few years ago, if anybody had said that cryptocurrency such as Bitcoin would be used to hedge against the US dollar, many would have laughed it off.

Today, however, it is the reality.

The cryptocurrency fever has picked up in China, which has the largest number of “miners” in the world. One reason is said to be because some see it as one way to take capital out of the country.

In India, when the government decided to demonetise the popular 1,000 and 500 rupee notes, there was a 50% increase in the trading of Bitcoin, as people saw it as one way to legalise their black money.

Bitcoin soared past the US$2,500 mark last week, which is a four-fold increase since January this year. There are many other cryptocurrencies, such as Ethereum, that are all seeing a bull run.

The world of cryptocurrency has taken a life of its own. Computer geeks with “blockchain” expertise, the technology that drives the decentralisation settlements of cryptocurrency, are commanding more than US$250,000 per annum.

It is said to be more than what a consultant or a software engineer can earn.

Those who have put their money into cryptocurrency would be laughing all the way to the bank now. But dynamics and fundamentals are complicated. The strength of the cryptocurrency is not based on historical numbers. It does not have an asset backing it.

It is based on future expectations of what the designer of the cryptocurrency offers. It is a complicated investment not meant for the unsophisticated investor.

Only fools will go for investment schemes that are unregulated and offer promises of returns that are unsustainable. They will lose all the time.

The smart investor will rely on traditional stocks and shares with earnings that are visible. Those who are not greedy will surely gain.

The super-smart geeks are banking on the world of cryptocurrency that has a volatile history. Their fate is uncertain.

Source: The Star by M. Shanmugam

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Prospering with Belt and Road to reap the benefits of China’s initiative


Malaysia is one of 64 countries to reap the benefits of China’s initiative.

CAN money grow on fruit trees?

Yes, that is as far as Agriculture and Agro-based Industry Minister Datuk Seri Ahmad Shabery Cheek is concerned.

After witnessing the signing of a deal worth US$1.53bil (RM6.65bil) between Malaysia’s AgroFresh International and China’s Dashang Group for the export of local Cavendish bananas and tropical fruits to China, he said:

“Money does grow on fruit trees if our agriculture products could open up China’s market.”

The deal was part of the nine memorandums of understanding (MoUs) and agreements, with value totalling more than US$7.22bil (RM31.26bil), which were signed between Malaysian and Chinese companies on May 14.

But Datuk Seri Ong Ka Chuan, International Trade and Industry Minister II, sees more money flooding in once Malaysia is linked up with other Asean nations, China and Europe via rail connection under China’s Belt and Road Initiative, now termed as the New Silk Road project.

“Our trade figures can jump by three to four folds once Malaysia can export and import goods to our major trade partners (such as China, Europe and Middle East) overland via rail systems,” he tells Sunday Star.

Both ministers are among Cabinet members in the Malaysian delegation led by Prime Minister Datuk Seri Najib Tun Razak to attend the Belt and Road Forum for International Cooperation held in Beijing from May 14 to 15.

Malaysia is one of the 64 countries outside China that have benefited from the Belt and Road Initiative, propounded by Chinese President Xi Jinping in the autumn of 2013.

One project to be launched soon will be the RM55bil East Coast Rail Link. Examples of existing projects include Xiamen University and the deepening of Kuantan Port.

At the opening ceremony of the forum, Xi injected fresh impetus to his pet project by announcing hundreds of billions in new funds for infrastructure investment in Belt and Road countries that span Asia, Middle East and Europe.

According to some estimates, Chinese funds allocated for investing in Belt and Road countries – which include several exiting funds announced since 2013 – total around US$900bil (about RM4 trillion) now.

“Model of regional cooperation”

From Mongolia to Malaysia, Thailand to Pakistan and Laos to Uzbekistan, many projects, including high-speed railways, bridges, ports, industrial parks, oil pipelines and power grids, are being built, Xi said.

Since 2013, Chinese private businesses have invested more than US$60bil (RM260bil) in countries along the Belt and Road, in addition to the US$50bil invested by the Chinese government.

Xi’s speech also reveals that China will expand China-Europe railway cargo services, which are stirring up excitement in European nations – particularly Britain.

Belt-road: Ong signing Belt and Road MoU with Vice Chairman of National Development and Reform Commission of China Zhong Yong on May 13, 2017. Witnessing are Najib and China’s Premier Li Keqiang.

Calling his brand of globalisation as “project of the century” to achieve a win-win situation for all, Xi has committed to importing US$2 trillion (RM8.7bil) of goods from the 64 Belt and Road countries – many of which are under-developed and impoverished nations hungry for infrastructure and industrial investments.

The Chinese leader’s pledge of “non-interference” with the domestic politics of other countries is comforting, given that there are concerns that China could aim to be a hegemony with its economic and military might.

“What we hope is to create a big family where we can co-exist harmoniously,” Xi said last Sunday in his speech that also focused on connectivity in policy, infrastructure, trade, finance and people.

The forum is by far the most important and largest meeting on the Belt and Road Initiative since 2013.

About 130 countries were represented at the forum and they accounted for two thirds of the world’s population. Their combined gross domestic product accounts for 90% of the world’s total, according to Xinhua.

Klaus Schwab, founder and executive chairman of the World Economic Forum, regards the Belt and Road Initiative as “a shining model for regional collaboration, development and growth”.

“This initiative respects the differences between countries and their various paths for development, not imposing a specific plan or ideological framework, but seeking to create common ground for cooperation and mutual benefit,” Schwab told Xinhua.

UN secretary-general Antonio Guterres, also told Xinhua: “China will play a very important role in multi-lateralism with the Belt and Road. The initiative reflects a new model of international cooperation and interaction with mutually beneficial cooperation through the connection of policies and development strategies.”

And Jack Ma, executive chairman of Alibaba Group, shared: “The initiative goes far beyond the economic strategy of any single country or region. Its mission is to make the world more innovative, dynamic, and equal.”

Big step: Fernandes is excited that China has allowed AirAsia to be the first low-cost carrier to set up shop in the Middle Kingdom.

AirAsia deal – another first in China

On the sideline of the forum, Malaysian and Chinese leaders took the opportunity to clinch more agreements that brought bilateral ties to another new high.

While the deals signed last November were far more than this round and higher in total value, the Chinese Government continued to grant “first” to Malaysia. This was reflected in a project given to Tan Sri Tony Fernandes, group chief executive officer and founder of AirAsia Bhd. Soon, the sky will see AirAsia China.

“It is the first time a foreign airline is given permission to establish and operate a low-cost carrier in China. We are the first country to be granted such licence,” Najib told reporters at the conclusion of his visit to China.

AirAsia is establishing a joint venture with China Everbright Group, with an initial stake of 22%. However, AirAsia may raise its stake in future.

China Everbright is a government-owned financial services conglomerate, which is a major shareholder in China Aircraft Leasing Group Holdings Ltd and the Henan Government Working Group.

The plan is to set up AirAsia China to be based in Zhengzhou, the capital of Henan, to ply domestic and international flights.

“Tony Fernandes was very excited because he was able to meet the top transport and aviation officials, whom he could not secure appointments with previously. He has been working on this project for years,” a minister told Sunday Star.

Other Cabinet ministers are also upbeat after attending the Belt and Road Forum.

“I have witnessed the fruits of the close diplomatic ties between Malaysia and China, and between Najib and Xi Jinping during this trip,” says Transport Minister Datuk Seri Liow Tiong Lai, who signed a MoU on infrastructure cooperation with China.

“In China, economic developments are influenced by government policies. Now that our leaders have good ties with China, it is very timely for Malaysian businessmen to enter China, and vice versa,” he tells Sunday Star.

Important talks: Liow (second from left) leading a Malaysian delegation at a meeting with his Chinese counterpart at China’s Transport Ministry in Beijing on May 12 morning. From left are Transport Ministry deputy secretary-general Datuk Chua Kok Ching, MCA vice president Datuk Dr Hou Kok Chung and Fernandes.

“We have to promote economic growth fast enough so that we can harvest the fruits of the Belt and Road Initiative.

“The opportunities for Malaysia to develop the infrastructure and boost economic growth would not be available if not for the Belt and Road Initiative pushed forward by China,” he adds.

Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong observes: “There are quite a number of business-to-business MoUs signed during this trip, in addition to the nine witnessed by Prime Minister Datuk Seri Najib Tun Razak.

“I was also invited to attend many discussions and meetings, sometimes I had to have many meals a day! (as discussions were held over meals).”

Wee, whose ministerial portfolio covers development of Chinese small and medium enterprises (SMEs), has personally requested Ma to reduce charges for Malaysian SMEs when they use Alibaba’s platform to sell products.

Ma, an e-commerce wizard and China’s second richest man, is expected to give consideration to the proposal as he has pledged to help Malaysia develop its digital economy. Ma will set up the Asean data centre in Malaysia before the end of the year.

Analysing Belt and Road Initiative, Shabery Cheek says: “Belt and Road is a different form of cooperation from other pacts, such as the Trans-Pacific Partnership (TPP) and World Trade Organisation (WTO). Those emphasised on what goods were tax-free and what were not, which sectors to open up and which could not. Essentially, they focused on how to protect the self-interests of individual countries.

“However, the Belt and Road talks about infrastructure networking, which is very important. They take the cue from the ancient Silk Road, which was not only a channel to transport goods, but also to spread Islam and Buddhism. That is a great thing.”

Source: Sunday Star by Ho Wah FoonTho Xin Yi

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Chinese car-maker Geely to make Malaysia its global hub, help Proton drive into future


PUTRAJAYA: The entry of a major Chinese carmaker into Proton Holdings Bhd will not only ease its financial woes, but also bring fresh capacity to the group’s underutilised factories.

Zhejiang Geely Automotive Co Ltd plans to turn Malaysia into its global hub to manufacture all of its right-hand drive cars, including its premium Volvo brand.

Geely will take a leadership role in production, sales and marketing. Proton will be responsible for distribution of the brand in Malaysia.
These were among the highlights mentioned at the signing ceremony in Putrajaya between DRB-Hicom, the parent company of Proton, and Geely.

Proton and Geely yesterday signed an agreement that would see Geely take a 49.9% stake in Proton. Both parties have not finalised the price Geely would pay for the stake.

Through the partnership, Geely executive vice-president and chief financial officer Daniel Li said Geely would focus on assisting Proton to sell 500,000 cars in Malaysia and around the region by 2020.

He said Geely would be contributing technology, talent and money to Proton. These include platform-sharing that would see the development of Proton’s first-ever SUV model from Geely’s best selling model – the Boyue.

DRB-Hicom group managing director Datuk Seri Syed Faisal Albar said in the competitive automotive industry, partnership among carmakers globally was common.

A partnership would also further expand Proton’s reach to other markets and give it better economies of scale.

“This partnership with Geely will create more jobs in Proton,” he told reporters yesterday.

Proton has a workforce of about 10,000 which produces about 100,000 cars a year. In 2016, sales of Proton cars dropped 30% to 72,290 units from 102,174 previously.

The company reported a loss of almost RM1bil last year.

Proton’s Tanjung Malim plant, which is designed to produce a million cars every year, will be made a new manufacturing hub for Geely.

Syed Faisal said Proton would relocate its entire production from Shah Alam to Tanjung Malim within five years.

Despite the entry of a new foreign partner, Proton will maintain its national car status. This means its industrial linkages, including vendors and dealers, will not be affected by the change in shareholding.

Under the heads of agreement signed between DRB-Hicom and Geely, the Chinese carmaker will take a 49.9% equity interest in Proton and also a controlling stake in Lotus, the British sportscar maker, from Proton.

No financial details were disclosed in the sale of a stake in Proton, while for Lotus, Geely would be paying £51mil (RM284mil) for a 51% stake in Lotus.

Syed Faisal said DRB-Hicom planned to sign a definitive agreement with Geely in July.

Also present at the signing ceremony was Second Finance Minister Datuk Seri Johari Abdul Ghani, who clarified that with the partnership with Geely in place, Proton would need to repay its RM1.25bil soft loan from the Government.

As part of the conditions for the soft loan, Proton was required to collaborate with a well-known strategic partner.

The requirement to collaborate with a well-known strategic partner was imposed on Proton as part of the conditions issued by the Government for its approval of the RM1.25bil soft loan to Proton, in which a bulk of the money was used to pay its vendors.

Separately, Johari said Proton was entitled to a RM1.1bil reimbursement from the Government for its RM3.5bil spent on research and development in the past.

Johari also said there would be no more “subsidy” for Proton from now on, and that the Government would no longer have a golden share in Proton with Geely entering into a partnership with the national carmaker.

Source: The Star by intan farhana zainulandizwan idris

‘Geely to help Proton drive into future’

IPOH: The decision by Proton to embark on a partnership with China’s Zheijiang Geely Automotive Co Ltd is timely because cars are predicted to be next in line to undergo sweeping innovations.

International Trade and Industry Minister II Datuk Seri Ong Ka Chuan said that in light of Industrial Revolution 4.0, bringing in Geely as Proton’s strategic partner would ensure the Malaysian company’s survival as cars increasingly adopt digital technology.

Industrial Revolution 4.0, or Industry 4.0, is the current trend of automation and data exchange in manufacturing technologies which include cyber-physical systems, the Internet of Things and cloud computing.

“After attending the Hannover Messe, the world’s biggest trade fair for industrial technology, I learned that self-driving cars are the next big thing.

“This means that you are looking at a future where cars will have no steering wheel.

“With just the touch of a panel, the car will bring you to your destination,” Ong said after witnessing the swearing-in of the new committee of the Perak Chinese Cemeteries Management Association yesterday.

He said Geely would be Proton’s channel to embracing technological innovations.

“I’m not saying to expect Proton to be a frontliner in this, but at least with a strategic partner it can move along with the times,” he added.

He said Geely would also open a new market for Proton, which was important for the national carmaker’s survival.

He said it was not a decision made purely in favour of China.

“Over the years, it’s been no secret that Proton accumulated losses and will need a big market to cater to in order to settle all the debts. This is the reality.

“Proton only narrowly met its sales target of 580,000 units last year, while Chinese brands sold 28 million units,” he said.

In view of its small volume, Ong said it would be difficult for Proton to fund sophisticated research and development initiatives.

“We need a larger market for things to work out. The Industrial Revolution 4.0 is all about innovation. We can’t do it ourselves, which is why working with advanced nations is our best bet,” he added.

The Star by Amanda Yeap

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America vs China: odds narrowing


Leaders meet: A file picture showing Trump welcoming Xi to the Mar-a-Lago estate in West Palm Beach, Florida during the latter’s visit to the US recently. Xi has a growing economy too behind him, whatever the hiccups. Trump only promises one, without any clarity or logic. – AFP

THE contrast could not be greater. While United States president Donald Trump raves and rants – and belts this or that person – China’s president Xi Jinping looks measured and assured as he offers a global future to the world.

Xi is no angel of course, as his political opponents would know, but his system conserves and protects him, as Trump’s would not. If only Trump were the leader in a centrally controlled political order – but even then his temperament would blow it apart.

Leadership, like politics, is the art of managing the possible. Trump does not understand this, and does not know how. Xi does, knows why, and knows how.

He has a growing economy too behind him, whatever the hiccups. Trump only promises one, without any clarity or logic.

His plan to boost the American economy, based primarily on slashing corporate tax from 35 to 15%, is likely to flounder in an American Congress seriously concerned about its causing the fiscal deficit to balloon.

Already Trump has had to climb down from trying to secure funds from Congress for his dreaded border wall with Mexico in order to avoid budgetary shutdown in September.

The stock market has fallen back from the boost to the price of banks and industrial products following his election. Interest now has returned to what might be termed “American ingenuity stocks” such as Google, Apple and Microsoft on Nasdaq – a proxy for much that is great about America, which Trump’s immigration and closed-door policies threaten to destroy.

Meanwhile Xi has been rolling out his “Belt and Road” plans – something he first envisaged at the end of 2013 – for greater world connectivity and development, committing funds from China and the Asian Infrastructure Investment Bank, and engaging global financial institutions such as the World Bank.

Malaysia, for instance, will be an actual beneficiary with additional projects thrown in. China is Malaysia’s largest trading partner. But the US has not been a laggard, being Malaysia’s fourth largest trading partner. And indeed the US remains the largest foreign investor in Malaysia, both new investments and total stock.

A staggering statistic not often recognised is that total American investment in Asean is more than its investment in China, Japan and India COMBINED!

The point, however, is that this position is being eroded. Trump’s policies are hastening this process. Abandonment of the Trans-Pacific Partnership (TPP) means there is no American strategic peaceful challenge to the Chinese economic juggernaut in Asia-Pacific.

Balance is important to afford choice. Absence of choice means serious exposure to risk. Price, quality and after-service standards are affected, not to mention a new geostrategic economic underlining.

Over-dominance by China in the region is a price not only countries in the region will pay, something that most probably is on Trump’s mind. It is a price that America too will sooner or later have to pay.

China’s Belt and Road proposition is not without its challenges, of course. India is deeply suspicious of the connectivity with Pakistan which cuts across India-claimed Azad Kashmir, about 3000km of it.

The link to the Pakistani port of Gwadar, in southwest Baluchistan on the shores of the Arabian Sea, is seen by India as a Chinese presence at the entrance to the Indian Ocean and a hawk eye on the Indian sub-continent. With the Chinese also in Sri Lanka, India is circumspect on China’s Belt and Road initiative.

There have also been commentaries on some uneconomic linkages which extend right across the English Channel.

All these reservations, however, do not take into account the benefit of connectivity to economies, the time it often takes to get those economic benefits and, most of all, the patience, persistence and long view of history of China and its leaders.

One of the most striking things about the Belt and Road map is that America is not there. Of course, Xi Jinping does not preclude America just as much as the US did not say that China was not permanently excluded from the TPP. And of course, in the Old Silk Routes and shipping lanes, the New World – America – had not been discovered.

But in their revival, led by now rising and then ancient China after 150 years of national humiliation to the present time, there is the irony that the last three quarters of a century of America world dominance is on course to be marginalised, if not supplanted, by the old Eurasian world centred in an ancient civilisation.

Trump does not seem to understand history. The art of the deal is purely transactional. Short-tempered and short-term gratification does not a strategy constitute.

So we have leader, system and economic promise distinguishing the two leaders – and the two countries.

Instead of America first, what we are seeing is Trump hurrying America’s decline relative to a rising China.

We are not seeing a world changed from people wanting to be like a kind of American to being people wanting to be a kind of Chinese. Actually, the Chinese people themselves want to be like a kind of American, with all that wealth, influence and power.

What we are seeing is China – not America – leading the way to that desired, if not always desirable, end. It is China that is driving the next phase in the evolution of world economic development.

Under Xi Jinping, China appears to be heroically moving towards an epochal point in its Peaceful Rise. With Donald Trump, America is being led backwards and inwards, with all the problems of its governance now all coming out. It is in grave danger of losing in the peaceful competition.

Not knowing how to play that game – certainly under its current President – there remains the danger of the status quo power lashing out against the rising one.

The Greek historian Thucydides observed: “It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable.”

A Harvard professor has studied what is now called the Thucydides Trap and found in 12 out of 16 cases in which this occurred in the last 500 years, the outcome was war.

There are many potential flash points against the background of China’s rise – the North Korean Peninsula and the placement of THAAD missiles in the south, the South China Sea – where Trump may temperamentally find cause to lash out. This is the trapdoor he might take the world down because of failure to compete peacefully.

By munir majid – crux The Star

Tan Sri Munir Majid, chairman of Bank Muamalat and visiting senior fellow at LSE Ideas (Centre for International Affairs, Diplomacy and Strategy), is also chairman of CIMB Asean Research Institute.
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Chinese scientists make quantum leap in computing; jumbo passenger jet C919 liftoff !


Chinese leading quantum physicist Pan Jianwei, an academician of the Chinese Academy of Sciences, and his colleagues announced they have built world’s first quantum computing machine at a press conference in the Shanghai Institute for Advanced Studies of University of Science and Technology of China on Wednesday. — People’s Daily

CHINESE scientists have built the world’s first quantum computing machine that goes far beyond the early classical — or conventional — computers, paving the way to the ultimate realization of quantum computing.

Scientists announced their achievement at a press conference in the Shanghai Institute for Advanced Studies of University of Science and Technology of China on Wednesday.

Scientists believe quantum computing could in some ways dwarf the processing power of today’s supercomputers. One analogy to explain the concept of quantum computing is that it is like being able to read all the books in a library at the same time, whereas conventional computing is like having to read them one after another.

Pan Jianwei, an academician of the Chinese Academy of Sciences and a leading quantum physicist, said quantum computing exploits the fundamental quantum superposition principle to enable ultra-fast parallel calculation and simulation capabilities.

In normal silicon computer chips, data is rendered in one of two states: 0 or 1. However, in quantum computers, data could exist in both states simultaneously, holding exponentially more information.

The computing power of a quantum computer grows exponentially with the number of quantum bits that can be manipulated. This could effectively solve large-scale computation problems that are beyond the ability of current classical computers, Pan said.

For example, a quantum computer with 50 quantum bits would be more powerful in solving quantum sampling problems than today’s fastest supercomputer, Sunway TaihuLight, installed in the National Supercomputing Center of China.

Due to the enormous potential of quantum computing, Europe and the United States are actively collaborating in their research. High-tech companies, such as Google, Microsoft and IBM, also have massive interests in quantum computing research.

The research team led by Pan is exploring three technical routes: systems based on single photons, ultra-cold atoms and superconducting circuits.

Recently, Pan Jianwei and his colleagues — Lu Chaoyang and Zhu Xiaobo, of the University of Science and Technology of China, and Wang Haohua, of Zhejiang University — set two international records in quantum control of the maximal numbers of entangled photonic quantum bits and entangled superconducting quantum bits.

Pan explained that manipulation of multi-particle entanglement is the core of quantum computing technology and has been the focus of international competition in quantum computing research.

In the photonic system, his team has achieved the first 5, 6, 8 and 10 entangled photons in the world and is at the forefront of global developments.

Pan said quantum computers could, in principle, solve certain problems faster than classical computers. Despite substantial progress in the past two decades, building quantum machines that can actually outperform classical computers in some specific tasks — an important milestone termed “quantum supremacy” — remains challenging.

In the quest for quantum supremacy, Boson sampling, an intermediate (that is, non-universal) quantum computer model, has received considerable attention, as it requires fewer physical resources than building universal optical quantum computers, Pan said.

Last year, Pan and Lu Chaoyang developed the world’s best single photon source based on semiconductor quantum dots. Now, they are using the high-performance single photon source and electronically programmable photonic circuit to build a multi-photon quantum computing prototype to run the Boson sampling task.

The test results show the sampling rate of this prototype is at least 24,000 times faster than international counterparts, according to Pan’s team.

At the same time, the prototype quantum computing machine is 10 to 100 times faster than the first electronic computer, ENIAC, and the first transistor computer, TRADIC, in running the classical algorithm, Pan said.

It is the first quantum computing machine based on single photons that goes beyond the early classical computer, and ultimately paves the way to a quantum computer that can beat classical computers. This achievement was published online in the latest issue of Nature Photonics this week.

In the superconducting quantum circuit system, a research team from Google, NASA and the University of California at Santa Barbara announced a high-precision manipulation of 9 superconducting quantum bits in 2015.

Now the Chinese team led by Pan, Zhu Xiaobo and Wang Haohua have broken that record. They independently developed a superconducting quantum circuit containing 10 superconducting quantum bits and successfully entangled the 10 quantum bits through a global quantum operation.

Chinese scientists aim to realize manipulation of 20 entangled photons by the end of this year, and will try to design and manipulate 20 superconducting quantum bits. They also plan to launch a quantum cloud computing platform by the end of this year.

Source: Xinhua

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