Dialogue of civilizations can iron out cultural creases


lustration: Liu Rui/GT
The Conference on Dialogue of Asian Civilizations will be held from May 15 to 22 in Beijing, and Chinese President Xi Jinping will attend the event and deliver a keynote speech, officials said at a press conference on Thursday. #AsianCivilizations #XiJinping

 

The Conference on Dialogue of Asian Civilizations will kick off in Beijing soon. It is China’s attempt to promote understanding among different civilizations, inclusive development, and to respond to the theory of the Clash of Civilizations with the philosophy of building a community with a shared future for mankind.

During the just-concluded second Belt and Road Forum for International Cooperation, China defined the future of the Belt and Road Initiative (BRI) as a route that brings together different civilizations. It reflects China’s ample confidence in the initiative to enhance civilizational exchanges, mutual understanding and civilized coexistence. Through BRI, countries can understand, respect, and trust one another.

Differences do exist between China and the US – the two most influential powers in the world – in terms of civilizations. Some in the US are even prejudiced about China’s culture and disagree with the country’s development path and value system.

China has always advocated mutual learning between civilizations. The country needs to strengthen its power of discourse and show Chinese civilization’s unique charm to the US, the West, and the entire international community. The dialogue between Chinese and American civilizations, an important part of the dialogue of global civilizations, is of great significance in building a community with a shared future for mankind.

Over the years, China and the US have already explored quite a lot in this regard. At the Mar-a-Lago summit between Chinese and US leaders in 2017, the two sides agreed to establish high-level dialogue mechanisms, including social and people-to-people contact. In addition, Chinese and US scholars organized the Sino-American Dialogue on Core Values as early as in 2011. The Foreign Affairs magazine published an article titled “China vs. America: Managing the Next Clash of Civilizations” in 2017.

Surprisingly, recent reports by the Washington Examiner and Voice of America indicate that the US State Department is developing strategies in response to the “clash” with Chinese civilization.

The Clash of Civilizations is a theory proposed in 1993 by Samuel Huntington, a well-known US political scholar who teaches at Harvard University. He argued that the clash of civilizations, instead of ideological and economic clashes, will be the primary source of conflict in the post-Cold War world. He conjectured that the core of international politics will be the interaction between Western and non-Western civilizations.

Huntington predicted that the clash of civilizations would be especially manifested in Western-Islamic conflicts after the Cold War. It is puzzling that US officials are now turning to China.

The Clash of Civilizations theory targeting China seems to be gaining traction among anti-China forces in the US. The National Security Strategy issued by the White House in late 2017 labeled China as a strategic competitor. The US adverse policies toward China have created obstacles in the path of smooth China-US relations.

If the US Department of State continues to promote policy measures against China based on the Clash of Civilizations, ties will be further hurt, and more specific steps taken. Not only that, the US may also take advantage of this theory and force other countries to follow its lead in containing China.

However, such attempts by adversarial US forces will eventually fall flat.

Their argument of Clash of Civilizations, violating mainstream American values based on pluralism and inclusiveness, has already triggered heated debate inside the US. Some senior US experts studying China have criticized the view for lacking understanding of China.

It will be tough if the US attempts to lead the West to a civilizational battle with China. The damage caused by the “America First” theory has yet to heal. Describing US competition with China as the clash of civilization may once again create contradictions and panic. Dialogue of civilizations is needed rather than a cold war.

By Xi Laiwang Source:Global Times

The author is a senior reporter and an observer of international issues. opinion@globaltimes.com.cn

Related post:

Yes to Belt and Road – Everyone will benefit from BRI

 

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Yes to Belt and Road – Everyone will benefit from BRI


Centre of attraction: China’s President Xi Jinping greeting Dr Mahathir as he leaves with Russian President Vladimir Putin after the opening ceremony of the Second Belt and Road Forum in Beijing, China.

Dr M endorses the BRI – ‘Many countries are going to benefit from initiative’

With help from Chinese firms, Malaysia will have an AI park soon. That’s not all the good news that came from the Prime Minister’s trip to China. Businessmen are pleased that Tun Dr Mahathir Mohamad has given the thumbs up to the Belt and Road Initiative. He says countries in its route will be the beneficiaries. And that means Malaysia too. WITH all of China as his stage, Tun Dr Mahathir Mohamad gave a massive endorsement to the country’s Belt and Road Initiative (BRI), saying all will benefit from the ease of travel and communication the development strategy will bring.

The Prime Minister said that with trade driving the world, it was only natural that land and sea passages be better developed.

“The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies the passage can be improved.

“Without a doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West. I am fully in support of the Belt and Road Initiative. I am sure my country, Malaysia, will benefit from the project,” he said in his speech at the High-Level Meeting of the Second Belt and Road Forum for International Cooperation held at the China National Convention Centre here yesterday.

The forum attracted over 5,000 participants from 150 countries including leaders from around the world, such as Russian President Vladimir Putin, President Rodrigo Duterte (Philippine), President Abdel-Fattah al-Sisi (Egypt) and Prime Minister Nguyen Xuan Phuc.

The BRI, also known as the One Belt One Road (OBOR) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road, is a strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organisations in Europe, Asia, Middle East, Latin America and Africa.

Dr Mahathir said just as massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also “respond” to the increased trade between East and West. He also suggested that bigger trains be built for the purpose.

“If ships can be built bigger, why can’t trains be equally big to carry more goods and raw material and people? Have we reached the limit in terms of the size and length of trains? I think not,” he pointed out.

Dr Mahathir, who is on his second visit to China since becoming the 7th Prime Minister last May, said the world has the technology and funds to bring about such improvements.

He said freedom of passage along these routes was important and warned against bureaucratic hassles slowing down the speed of travel.

“It is essential therefore for these passages to be free and open to all,” he said, adding that the passages must be made safe as terrorism and wars would render the modern marvels and also delivering the benefits promised.

“Yes, the Belt and Road idea is a great. It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.

“As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.

Dr M in Beijing: Everyone will benefit from Belt and Road initiative

PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad has endorsed the Belt and Road initiative by China, saying everyone would benefit from the ease of travel and communication that it would bring about.

He said this in his speech at the Belt and Road Forum for International Cooperation in Beijing on Friday (April 26).

“Today, trade drives the world. It is only natural that the land and sea passages have to be better developed.

“The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies, the passage can be improved.

“Without doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West,” said Dr Mahathir..

According to the Prime Minister, just as the massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also respond to the need from the increased trade between East and West.

He suggested that bigger trains be built towards this end.

“Although trains can now connect China with Eastern Europe, current trains are not designed for the increases in goods and people needing to travel along this passageway.

If ships can be built bigger, why can’t trains be equally big to carry more goods and raw materials and people?

“Have we reached the limit in terms of the size and length of trains? I think not,” he added.

The Prime Minister said the world had the technology and money to bring about such improvements.

He said freedom of passage along these routes, which pass through many countries via both sea and land, was important and warned against bureaucratic hassles slowing down the speed of travel.

“It is essential therefore for these passages to be free and open to all,” said Dr Mahathir.

He added that the passages must be made safe as terrorism and wars would render the modern marvels that enabled the Belt and Road incapable of delivering the benefits they promised.

“Yes, the Belt and Road idea is great.

“It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.

“As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.

“Everyone will benefit from the ease of travel and communication that the development of the Belt and Road project will bring.

“I am fully in support of the Belt and Road initiative. I am sure my country, Malaysia, will benefit from the project,” said Dr Mahathir.

PM’s BRI backing allays fears over KL-Beijing ties

KUALA LUMPUR: Tun Dr Mahathir Mohamad’s full endorsement of China’s Belt and Road Initiative (BRI) will allay concerns over Malaysia-China relations and lead to greater cooperation between both countries, according to China watchers here.

RHB Research Institute Sdn Bhd vice-president and head of Economic Research Peck Boon Soon said Malaysia was trying to mend its relations with China.

“It is safe to conclude that relations between our two countries are back to normal,” he said, referring to the suspension and cancellation of several China-linked projects last year.

Peck said the revival of East Coast Rail Link (ECRL) and Bandar Malaysia projects and the Prime Minister’s presence at the Second Belt and Road Forum for International Cooperation in Beijing yesterday would help restore confidence among businessmen from China.

He said it made perfect sense to have warm ties with China as the country was the largest export market for Malaysia.

ACCIM SERC Sdn Bhd executive director Lee Heng Guie said Malaysia’s expressed support of the BRI opened up mutual consultation, increased cooperation and connectivity benefits between both sides.

“With this strong endorsement, we expect the relationship to further deepen bilateral ties and enhanced economic relations based on the principles of mutual benefit,” he said.

Lee said Malaysia and its private sector could gain from the enlarged trade and investment opportunities along the passage and gateway of BRI, if the countries could adopt the freedom of passage along these routes through the easing of bureaucratic hassles.

National Chamber of Commerce and Industry of Malaysia president Tan Sri Ter Leong Yap, who attended the Belt and Road CEO conference which was the first such conference at the forum, said the conference provided huge business opportunities for many companies in the region.

“This is a timely boost for the global economy,” he said, adding that there were nearly 1,000 participants from 90 of the world’s Top 500 companies, 78 of China’s Top 500 companies, more than 100 state-owned enterprises and 200 private companies at the conference.

Businessman Datuk Liu Thim Soon, who is vice-chairman to the United Nations Maritime-Continental Silk Road Cities Alliance, said the BRI was a visionary, long range direction by Chinese President Xi Jinping. “It is an enabler and platform for many developing smaller countries to be linked to investments, trade and tourism.

“With about 140 million China tourists travelling yearly, smaller developing countries can benefit and derive great economic potential if they can tap into this market,” he said. – By Yimie Yong

Who should you believe about BRI?

https://youtu.be/uK3-dhLp2yU

Deal inked to develop M’sia’s first AI park

MALAYSIA is to develop its first artificial intelligence (AI) park.

The park will serve as a platform for the development of AI solutions such as speech recognition, robotics and smart city technology.

It is also planned to be a regional epicentre for data management, research and development and commercial ecosystem.

An agreement was signed yesterday between Malaysian company G3 Global Bhd (G3) and its Chinese partners SenseTime Group Ltd and China Harbour Engineering Co Ltd (CHEC) on the setting up of the AI park, with the total investment at US$500mil (RM2.07bil).

The location of the park has yet to be identified.

The agreement was signed between G3 executive chairman Wan Khalik Wan Muhammad, SenseTime president for Asia-Pacific Business Group Jeff Shi, and CHEC chairman Lin Yi Chong.

The ceremony was held after Tun Dr Mahathir Mohamad’s visit to SenseTime’s office here.

The Prime Minister also tried his hands on the self-driving car system at the company, which specialises in AI technology.

G3 Global banks on AI 



Driven by technology: SenseTime Group Ltd founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to SenseTime’s Beijing office.
Driven by technology: SenseTime Group Ltd founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to SenseTime’s Beijing office.

From jeanswear maker to one of Malaysia’s rising artificial intelligence (AI) companies. That is the interesting story ofG3 Global Bhd that is unravelling today.

While many companies can attempt to boast the AI buzzword as a business focus, it is not an easy area to venture into.

First you need super computers. Then you need the AI software or algorithms.

And then you need to use that software on vast amounts of data in order to build the AI applications for real use.

While G3 Global may have made some inroads into building its own Internet of Things (IoT) platform, it has yet to achieve anything big by itself in the AI space. That was until it signed a deal with China-based SenseTime Group Ltd, touted as the world’s most valuable AI startup.

On April 11, G3 Global told Bursa Malaysia that it will partner with SenseTime to set up Malaysia’s first AI park, in collaboration with China Harbour Engineering Company Ltd (CHEC).

The AI park is expected to see more than US$1bil (RM4.13bil) in investments over the next five years.

According to G3 Global executive chairman Wan Khalik Wan Muhammad, the AI park is vital in order to build AI research-related public service infrastructure as the base to promote AI technology in Malaysia.

“In addition, this becomes a place for talent to be trained on AI and machine learning,” he said.

On Friday, the culmination of the relationship between G3 Global and SenseTime took place, following Prime Minister Tun Dr Mahathir Mohamad’s ongoing official visit to China.

Dr Mahathir, accompanied by several Malaysian ministers, visited SenseTime’s Beijing office where they got a first-hand experience of the latest AI technologies and its application in smart city solutions, autonomous driving technology and remote sensing, among others.

During this visit, G3 Global had inked memorandums of understanding (MoU) with SenseTime and CHEC in relation to the AI park project.

G3 Global said in a statement that as the local partner, it will coordinate efforts with the Malaysian authorities and regulators, form local partnerships as well as promote and develop the AI park project.

Meanwhile, SenseTime will serve as the AI technology provider for the partnership while CHEC will provide infrastructure engineering and construction services as well as management and maintenance of the park.

Valued at over US$4.5bil (RM18.67bil), SenseTime is the fifth national AI platform in China and is also the country’s largest AI algorithm provider.

Although it is only less than five years old, the company now serves over 700 customers and partners globally, including the Massachusetts Institute of Technology, Qualcomm, NVIDIA, Honda, Alibaba, vivo and Xiaomi, among others.

Based on SenseTime’s website, the startup leads the AI market in “almost all vertical industries” such as smart city, smartphone, mobile Internet, online entertainment, automobile, finance and retail.

“SenseTime has independently developed a deep learning platform, supercomputing centers, and a range of AI technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving and remote sensing,” it says.

According to a recent Bloomberg report, SenseTime has been profitable for two years and the company has recorded triple digit revenue growth for the past four years.

The collaboration between G3 Global and SenseTime aptly serves what both companies need. By setting up an AI park in Malaysia, SenseTime will be able to expand its global presence further while G3 Global gets to go big into the booming AI scene.

Overall, the AI hub in Malaysia is a nice sounding plan. But how real will it be and how extensive will it be?

Speaking with StarBizWeek over the telephone, Wan Khalik says that the move into AI has been a natural progression of the company.

“With IoT as our core business, the only logical next move was to get into the field of AI. We had been in search for a good partner to fast-track out entry into AI, which has a high entry barrier.

“That’s how we got to do a deal with Sensetime, which took much effort on our part, considering how successful Sensetime already is,” he says.

Perfect partner

Wan Khalik: With IoT as our core business, the only logical next move was to get into the field of AI

Wan Khalik adds that SenseTime is the perfect partner, considering that they are one of the biggest AI companies in the world and have their own AI algorithm as well as products and services.

“Their products are already deployed in the commercial world,” he points out.

While acknowledging that AI is still nascent in its growth in Malaysia and still suffers from a lack of understanding and appreciation, Wan Khalik points out two important aspects that the deal with Sensetime will bring about.

“First is that the lab will become an education tool to showcase what AI is all about and the benefits it brings. Second is the fact that we intend to address the issue of developing talent in Malaysia in the AI space.”

In the press release announcing the strategic partnership between G3 and SenseTime, it was revealed that SenseTime will be assisting in the development and deployment of training syllabus for universities in Malaysia.

Wan Khalik says that SenseTime has designed and developed part of the AI syllabus that is currently being taught in schools across China.

“The good news is that the Malaysian government has expressed strong interest in AI and it wants industry to get involved in AI. But we need to invest in buidling up the talent in this field,” he adds.

The little-known G3 Global’s journey is an impressive one.

Its diversification into the information technology scene began less than four years ago after G3 Global (formerly known as Yen Global Bhd) acquired IoT solution provider Atilze Digital Sdn Bhd in December 2015.

Green Packet Bhd , image: https://cdn.thestar.com.my/Themes/img/chart.png , a mobile broadband and networking solutions provider, emerged as a major shareholder in G3 Global after it acquired a 22% stake in August 2016.

A year later, Green Packet boosted its equity interest in G3 Global to 32%.

The G3 Global stock’s trend has been rather flattish since mid-2017. However, since the start of April this year, shares of G3 Global surged by 106% to its record-breaking high of RM1.62.

On April 25, the company hit limit-up and was issued with an unusual market activity query from Bursa Malaysia, in relation to the rapid advances in its share price.

While the reasons behind the sharp increase in G3 Global’s share price were unclear, it seems to have some correlation with G3 Global’s partnership with SenseTime.

G3 Global also saw the entry of Wan Khalik as shareholder, after he assumed control of private vehicle Global Man Capital Sdn Bhd, which currently has the largest stake in G3. Global Man Capital increased its holdings of G3 Global to a 32.04% stake following an acquisition of 32.15 million shares in April, edging out Green Packet’s 32% stake.

On April 5, G3 Global appointed Wan Khalik as its new executive chairman.

Wan Khalik, who is also a substantial shareholder in DWL Resources Bhd, has some notable Sarawak connections, having been the principal private secretary to the Sarawak State government between 2013 until July 2018.

Wan Khalik’s background also includes experiences in corporate planning, public administration, IT strategic planning, and business development.

When asked on why did he pick DWL and G3 Global as companies to invest into, he says, “For DWL we see opportunities in project management of jobs of major infrastructure projects that the country is embarking on. That is why we have teamed up with the likes of Gadang to prepare to jointly bid for such jobs. As for G3 Global, it is even more interesting because of the future of AI. As you probably already know, AI is the world’s next great technological revolution. It is changing the way information is gathered, stored and used. We will not be able to do without it, whether as individuals, organisations, companies and governments. We believe our deal with Sensetime puts G3 Global on solid footing to bring AI to Malaysia and the Asian market.”

G3 Global recorded a net loss of RM17.15mil in the financial year of 2018 ended Dec 31, against a turnover of RM29.4mil. Both of its apparel and ICT business segments were in the red for the 12-month period.

“The ICT business continues to show growth potential despite incurring losses due to business development costs and we hope to see better contribution to sales from this division in the new financial year.

“The setting up of various new subsidiaries will drive the growth in the ICT business including the provision of IoT solutions and services like connected commercial vehicles and sensor hubs, and AI smart cameras. The group will be well positioned to take advantage of improving prospects of the ICT industry for the current financial year,” G3 Global said in a filing.

Moving forward, with the AI venture with SenseTime, the company is clearly on a new trajectory, especially considering the way AI is going to flood all our lives.

According to a recent study by Microsoft and IDC Asia Pacific, only 26% of organisations in Malaysia have embarked on their AI journeys, although about 70% of the business leaders polled agreed that AI is instrumental for their organisations’ competitiveness.

The immense untapped potential in the domestic AI market offers promising opportunities for local AI companies, including G3 Global.

With a strong backing from SenseTime, G3 Global could rise to become a leading AI solutions provider in the region.

By ganeshwaran kana The Star

Related post:

Deal inked to develop M’sia’s first AI park

MALAYSIA is to develop its first artificial intelligence (AI) park.

The park will serve as a platform for the development of AI solutions such as speech recognition, robotics and smart city technology.

It is also planned to be a regional epicentre for data management, research and development and commercial ecosystem.

An agreement was signed yesterday between Malaysian company G3 Global Bhd (G3) and its Chinese partners SenseTime Group Ltd and China Harbour Engineering Co Ltd (CHEC) on the setting up of the AI park, with the total investment at US$500mil (RM2.07bil).

The location of the park has yet to be identified.

The agreement was signed between G3 executive chairman Wan Khalik Wan Muhammad, SenseTime president for Asia-Pacific Business Group Jeff Shi, and CHEC chairman Lin Yi Chong.

The ceremony was held after Tun Dr Mahathir Mohamad’s visit to SenseTime’s office here.

The Prime Minister also tried his hands on the self-driving car system at the company, which specialises in AI technology.

G3 Global banks on AI

Driven by technology: SenseTime Group Ltd founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to SenseTime’s Beijing office.
Driven by technology: SenseTime Group Ltd founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to SenseTime’s Beijing office.
From jeanswear maker to one of Malaysia’s rising artificial intelligence (AI) companies. That is the interesting story ofG3 Global Bhd that is unravelling today.

While many companies can attempt to boast the AI buzzword as a business focus, it is not an easy area to venture into.

First you need super computers. Then you need the AI software or algorithms.

And then you need to use that software on vast amounts of data in order to build the AI applications for real use.

While G3 Global may have made some inroads into building its own Internet of Things (IoT) platform, it has yet to achieve anything big by itself in the AI space. That was until it signed a deal with China-based SenseTime Group Ltd, touted as the world’s most valuable AI startup.

On April 11, G3 Global told Bursa Malaysia that it will partner with SenseTime to set up Malaysia’s first AI park, in collaboration with China Harbour Engineering Company Ltd (CHEC).

The AI park is expected to see more than US$1bil (RM4.13bil) in investments over the next five years.

According to G3 Global executive chairman Wan Khalik Wan Muhammad, the AI park is vital in order to build AI research-related public service infrastructure as the base to promote AI technology in Malaysia.

“In addition, this becomes a place for talent to be trained on AI and machine learning,” he said.

On Friday, the culmination of the relationship between G3 Global and SenseTime took place, following Prime Minister Tun Dr Mahathir Mohamad’s ongoing official visit to China.

Dr Mahathir, accompanied by several Malaysian ministers, visited SenseTime’s Beijing office where they got a first-hand experience of the latest AI technologies and its application in smart city solutions, autonomous driving technology and remote sensing, among others.

During this visit, G3 Global had inked memorandums of understanding (MoU) with SenseTime and CHEC in relation to the AI park project.

G3 Global said in a statement that as the local partner, it will coordinate efforts with the Malaysian authorities and regulators, form local partnerships as well as promote and develop the AI park project.

Meanwhile, SenseTime will serve as the AI technology provider for the partnership while CHEC will provide infrastructure engineering and construction services as well as management and maintenance of the park.

Valued at over US$4.5bil (RM18.67bil), SenseTime is the fifth national AI platform in China and is also the country’s largest AI algorithm provider.

Although it is only less than five years old, the company now serves over 700 customers and partners globally, including the Massachusetts Institute of Technology, Qualcomm, NVIDIA, Honda, Alibaba, vivo and Xiaomi, among others.

Based on SenseTime’s website, the startup leads the AI market in “almost all vertical industries” such as smart city, smartphone, mobile Internet, online entertainment, automobile, finance and retail.

“SenseTime has independently developed a deep learning platform, supercomputing centers, and a range of AI technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving and remote sensing,” it says.

According to a recent Bloomberg report, SenseTime has been profitable for two years and the company has recorded triple digit revenue growth for the past four years.

The collaboration between G3 Global and SenseTime aptly serves what both companies need. By setting up an AI park in Malaysia, SenseTime will be able to expand its global presence further while G3 Global gets to go big into the booming AI scene.

Overall, the AI hub in Malaysia is a nice sounding plan. But how real will it be and how extensive will it be?

Speaking with StarBizWeek over the telephone, Wan Khalik says that the move into AI has been a natural progression of the company.

“With IoT as our core business, the only logical next move was to get into the field of AI. We had been in search for a good partner to fast-track out entry into AI, which has a high entry barrier.

“That’s how we got to do a deal with Sensetime, which took much effort on our part, considering how successful Sensetime already is,” he says.

Perfect partner

Wan Khalik: With IoT as our core business, the only logical next move was to get into the field of AI
Wan Khalik adds that SenseTime is the perfect partner, considering that they are one of the biggest AI companies in the world and have their own AI algorithm as well as products and services.

“Their products are already deployed in the commercial world,” he points out.

While acknowledging that AI is still nascent in its growth in Malaysia and still suffers from a lack of understanding and appreciation, Wan Khalik points out two important aspects that the deal with Sensetime will bring about.

“First is that the lab will become an education tool to showcase what AI is all about and the benefits it brings. Second is the fact that we intend to address the issue of developing talent in Malaysia in the AI space.”

In the press release announcing the strategic partnership between G3 and SenseTime, it was revealed that SenseTime will be assisting in the development and deployment of training syllabus for universities in Malaysia.

Wan Khalik says that SenseTime has designed and developed part of the AI syllabus that is currently being taught in schools across China.

“The good news is that the Malaysian government has expressed strong interest in AI and it wants industry to get involved in AI. But we need to invest in buidling up the talent in this field,” he adds.

The little-known G3 Global’s journey is an impressive one.

Its diversification into the information technology scene began less than four years ago after G3 Global (formerly known as Yen Global Bhd) acquired IoT solution provider Atilze Digital Sdn Bhd in December 2015.

Green Packet Bhd , image: https://cdn.thestar.com.my/Themes/img/chart.png , a mobile broadband and networking solutions provider, emerged as a major shareholder in G3 Global after it acquired a 22% stake in August 2016.

A year later, Green Packet boosted its equity interest in G3 Global to 32%.

The G3 Global stock’s trend has been rather flattish since mid-2017. However, since the start of April this year, shares of G3 Global surged by 106% to its record-breaking high of RM1.62.

On April 25, the company hit limit-up and was issued with an unusual market activity query from Bursa Malaysia, in relation to the rapid advances in its share price.

While the reasons behind the sharp increase in G3 Global’s share price were unclear, it seems to have some correlation with G3 Global’s partnership with SenseTime.

G3 Global also saw the entry of Wan Khalik as shareholder, after he assumed control of private vehicle Global Man Capital Sdn Bhd, which currently has the largest stake in G3. Global Man Capital increased its holdings of G3 Global to a 32.04% stake following an acquisition of 32.15 million shares in April, edging out Green Packet’s 32% stake.

On April 5, G3 Global appointed Wan Khalik as its new executive chairman.

Wan Khalik, who is also a substantial shareholder in DWL Resources Bhd, has some notable Sarawak connections, having been the principal private secretary to the Sarawak State government between 2013 until July 2018.

Wan Khalik’s background also includes experiences in corporate planning, public administration, IT strategic planning, and business development.

When asked on why did he pick DWL and G3 Global as companies to invest into, he says, “For DWL we see opportunities in project management of jobs of major infrastructure projects that the country is embarking on. That is why we have teamed up with the likes of Gadang to prepare to jointly bid for such jobs. As for G3 Global, it is even more interesting because of the future of AI. As you probably already know, AI is the world’s next great technological revolution. It is changing the way information is gathered, stored and used. We will not be able to do without it, whether as individuals, organisations, companies and governments. We believe our deal with Sensetime puts G3 Global on solid footing to bring AI to Malaysia and the Asian market.”

G3 Global recorded a net loss of RM17.15mil in the financial year of 2018 ended Dec 31, against a turnover of RM29.4mil. Both of its apparel and ICT business segments were in the red for the 12-month period.

“The ICT business continues to show growth potential despite incurring losses due to business development costs and we hope to see better contribution to sales from this division in the new financial year.

“The setting up of various new subsidiaries will drive the growth in the ICT business including the provision of IoT solutions and services like connected commercial vehicles and sensor hubs, and AI smart cameras. The group will be well positioned to take advantage of improving prospects of the ICT industry for the current financial year,” G3 Global said in a filing.

Moving forward, with the AI venture with SenseTime, the company is clearly on a new trajectory, especially considering the way AI is going to flood all our lives.

According to a recent study by Microsoft and IDC Asia Pacific, only 26% of organisations in Malaysia have embarked on their AI journeys, although about 70% of the business leaders polled agreed that AI is instrumental for their organisations’ competitiveness.

The immense untapped potential in the domestic AI market offers promising opportunities for local AI companies, including G3 Global.

With a strong backing from SenseTime, G3 Global could rise to become a leading AI solutions provider in the region.

By ganeshwaran kana The Star

Related post:

Highlights of Xi’s keynote speech at second Belt and Road Forum
https://youtu.be/qB80PG8C-I0 https://youtu.be/VWid1poNGuk https://youtu.be/L67WJiO_CQk https://youtu.be/eWOMhvTrrOg C

Highlights of Xi’s keynote speech at second Belt and Road Forum


Chinese President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation (BRF) in Beijing on Friday. Here are the highlights:
On Belt and Road Initiative
Xi said that the Belt and Road Initiative (BRI) aims to build a trade and infrastructure network, adding that joint building of the Belt and Road has opened up new space for the world’s economic growth.
Based on the principles of equality and mutual benefit, the BRI focuses on connectivity and practical cooperation to achieve win-win outcomes and common development.
The principle of extensive consultation, joint contribution and shared benefits should be upheld, Xi said, and open, green and clean approaches should be adhered to.
The goals of high-standard, livelihood-improving and sustainable development should be achieved, according to Xi.
China will work with other parties to promote a coalition of sustainable cities and an international coalition for green development under the Belt and Road Initiative, Xi said.
High-quality infrastructure under BRI
Xi highlighted building infrastructure of high quality, sustainability, risk resilience, reasonable pricing, inclusiveness and accessibility under the BRI.
Calling infrastructure the cornerstone of connectivity and a bottleneck of  evelopment confronting many countries, Xi said building infrastructure with such standards could help countries give full play to their advantages in resources and better integrate into the global supply, industry and value chains for interconnected development.
On people-to-people connectivity
China will support 5,000 people from the innovation sector in Belt and Road countries in conducting exchanges, training programs and joint research over the next five years.
China will work with other participants of the Belt and Road Initiative to promote scientific and cultural exchanges, set up joint science labs, build science and technology parks, and promote the transfer of technologies, Xi said.
A total of 10,000 representatives of political parties, think tanks and non-governmental organizations from countries participating in the Belt and Road Initiative will be invited to China for exchanges in the next five years.
On trade and opening-up
Xi said that China will increase imports of goods and services on a larger scale, slash its negative list on imports and will negotiate and sign high-standard free trade agreements with more countries.
China will further lower its tariff rates and the country would continuously open up its market and welcome quality products from around the world.
China is also willing to import more competitive farm produces, finished products and services and will allow foreign investors to operate businesses in more sectors with
controlling or full stake.

China prohibits forced technology transfer

China will step up protecting the legitimate rights and interests of foreign owners of intellectual property rights, and prohibit the forced transfer of technology, Xi said.
It will create a business environment in which the value of knowledge is respected, Xi said.
(With input from Xinhua)

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PUTRAJAYA: Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd have signed a supplementary agreement that will pave the way for the resumption of the East Coast Rail Link (ECRL) project.

The signing was achieved after months of negotiations between the companies involved as well as the governments of Malaysia and China, said the Prime Minister’s Office (PMO).

“We are pleased to announce that the construction cost of Phases 1 and 2 of the ECRL has now been reduced to RM44bil.

“This is a reduction of RM21.5bil from the original cost of RM65.5bil.

“This reduction will surely benefit Malaysia and lighten the burden of the country’s financial position,” said the PMO in a statement Friday (April 12).

The supplementary agreement covers the engineering, procurement, construction and commissioning aspects of the ECRL, it added.

The PMO also said that further details of the improved deal will be made known at a press conference next Monday (April 15).

Prime Minister Tun Dr Mahathir Mohamad is expected to give the press conference.

According to earlier reports, Phase 1 of the 688km rail line will be from Klang Valley to Kuantan while Phase 2 will cover Kuantan to Kuala Terengganu.

The project’s Phase 3 will see the rail line connecting Kuala Terengganu to Kota Baru and Tumpat. – Star, NST, MM


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Keep China’s faith in us; Relationship with China is crucial, says expert

Spain welcomed President Xi visit, signed 10 deals worth US$17.6 bln, pledged stronger BRI ties against protectionism, unilateralism


 

 

 

China, Spain sign 10 deals worth US$17.6 bln

Chinese President Xi Jinping (L) meets with Spanish Prime Minister Pedro
Sanchez in Madrid, Spain, Nov. 28, 2018. (Xinhua/Xie Huanchi)

 

Chinese and Spanish enterprises have signed ten deals worth 17.6 billion U.S. dollars during President Xi Jinping’s visit to Spain from November 27 to 29.

These deals cover the areas of finance, telecommunication, environment, machine, vehicle and medicine, hitting a new record of China-Spain trade and economic cooperation, said the spokesperson of China’s Ministry of Commerce (MOFCOM).

China and Spain also inked intergovernmental cooperation documents such as a
Memorandum of Understanding in the Third Party Market, Avoidance of Double Taxation and the Prevention of Fiscal Evasion and Inspection and Quarantine of Imported Pork Products and so on.

During the visit, China-Spain Business Advisory Council was formally established and the first meeting was successfully held, becoming another platform for deepening bilateral economic and trade relations.

Xi’s visit coincides with the 45th anniversary of the establishment of diplomatic
ties between the two countries, and the two sides have enjoyed excellent trade relations through all these years.

China is Spain’s sixth largest trading partner in the world and the largest trading partner outside the EU. From January to September 2018, the bilateral trade
volume hit 25.35 billion U.S. dollars, according to the MOFCOM.

China, Spain pledge stronger BRI ties against protectionism, unilateralism

China and Spain are cooperating in the Belt and Road  initiative (BRI), yielding positive outcomes, and will continue to leverage the platform to oppose protectionism and unilateralism, Chinese experts said.

The comments came after a joint statement between the two countries during Chinese President Xi Jinping’s three-day visit to Spain.

Zhao Junjie, a research fellow at the Chinese Academy of Social Sciences’ Institute of European Studies, told the Global Times on Thursday that Spain has seen opportunities in cooperating with China on BRI.

“Although Spain faces pressure from conservatives who oppose free trade, the two countries’ cooperation on BRI will not be interrupted,” Zhao said, citing the freight train between China’s small commodity hub of Yiwu and Madrid as a typical BRI achievement and an important bridge across Eurasia.

“Trains were not fully loaded when the line was first launched in 2014, but fully-loaded trains now depart every day from China,” the research fellow said, while stressing that  Spain has a privileged position on the route.

Boosted by the route, Yiwu’s imports from Spain surged 8.82 percent year-on-year to
60 million yuan ($8.6 million) in the first 10 months.

China is Spain’s largest trading partner outside the EU, while Spain is the sixth-largest trading partner within the bloc for China. Bilateral trade  reached $22.37 billion in the first eight months, up 10.6 percent year-on-year, according to the Chinese Ministry of Foreign Affairs.

Ding Chun, director of the Center for European Studies at Fudan University in Shanghai, told the Global Times that among EU members, Spain has shown stronger support for the BRI.

Both sides believe the Belt and Road initiative, as a platform of connectivity, will strengthen economic, trade and investment cooperation in third-party markets.

The two countries also stand ready to build synergy between BRI and related
EU strategies, thus offering more mutually beneficial business and investment opportunities to Chinese and Spanish enterprises.

“On Spain’s side, such cooperation in the third-party markets such as Africa
will alleviate its refugee problem. It would also spark less geopolitical concerns than China-led projects in Europe,” Ding said.

China and Spain can cooperate on clean energy, including wind and tide
energy, Zhao said, noting that cultural exchanges should also be strengthened through education, tourism and sports.

“Cooperation with Spain’s small and medium enterprises should be given greater consideration,” Zhao noted.

“There are historical and geographic bases for China and Spain to conduct cooperation on the BRI,” Xi said during a meeting with Spanish Prime Minister Pedro Sanchez on Wednesday, the Xinhua News Agency reported.

Sources: Global Times

Cooperation with China boosts Philippines’ strategic initiatives


 

 

Schoolchildren wave the national flags of the Philippines and China along the route of Chinese President Xi Jinping’s convoy at the Malacanang palace grounds in Manila on Tuesday. Photo: AFP

Chinese President Xi Jinping’s state visit to the Philippines from Tuesday to Wednesday has caught international attention.

China-Philippines relations have been one of the most vacillating connections among China and its neighboring countries. During the rule of Benigno Aquino III, bilateral relations were at a low ebb due to frictions over the South China Sea. Incumbent President Rodrigo Duterte changed the Philippines’ diplomatic course and brought ties with China back to the right track.

Last year, China surpassed Japan and became the largest trading partner of the Philippines. The two are conducting negotiations over the possible joint exploration of oil and gas in the disputed waters. If they reach an agreement, it could serve as an exemplary model for South China Sea claimant countries.

However, not everybody is happy to see Beijing and Manila set aside disputes and develop friendly ties. Besides obstruction from pro-US factions within the Philippines, some US and Western forces do not want to see rapprochement between China and the Philippines and even pressure the Duterte government to cut relations.

Recently, some Western media claimed that most of the assistance and investment that China promised to the Philippines was never fulfilled. Such tone maliciously aims to drive a wedge between Beijing and Manila.

In recent years, China has been advancing its Belt and Road initiative in Southeast Asia and has no reason to skip the Philippines when seeking investment and cooperation. In fact, relevant departments of the two countries have been working to push forward the implementation of cooperation projects.

The West has been accusing China’s Belt and Road initiative of locking some countries into a debt trap. However, when it comes to the Philippines, the West criticized China for not fulfilling its promises. Behind such hypocritical words lie the West’s deep-seated prejudice and hostility against China.

When the US strategically targets China, it is difficult for the Philippines – geographically adjacent to China while closely watched by the US – to keep independent strategic thinking and remain firm-minded.

But independent thinking and strong political determination are essential for every country. When Duterte first thought about mending ties with Beijing, independent thinking prompted Manila to face the question: What advantages can the country gain from enmity with China, if any? Will the Philippines benefit from it or will it be exploited by external forces?

The whole region should keep alert to whom will benefit from confrontation among South China Sea stakeholders. As one of the US’ allies in Southeast Asia, the Philippines will always be a tool of the West to instigate provocations in the waters. After twists and turns, Philippine society will form its own judgment.

Many Philippine elite might have thought that their country and the entirety of Southeast Asia could rely only on the US and the West before China’s rise, yet most regional countries did not achieve modernization. China offers more options for the Philippines, and because of China’s rise, the Philippines and Southeast Asia have gained more attention. Compared with the Aquino era, the Philippines under Duterte has acquired more strategic initiatives without becoming overly dependent on other countries.

China-Philippines friendly cooperation has changed the strategic position of the Philippines and brought about a new pattern for its development. It is expected that Xi’s visit will accelerate bilateral cooperation.

Newspaper headline: Xi, Duterte upgrade ties, Xi’s Philippine visit a ‘milestone’ event, Improved relations help keep stability in S.China Sea: expert

As cooperation and political trust improve, China and the Philippines agreed on Tuesday to lift ties to a comprehensive strategic cooperation relations while stressing the need to manage disputes in the South China Sea through “friendly negotiations.”

The decision was announced after visiting Chinese President Xi Jinping’s meeting with Philippine President Rodrigo Duterte on Tuesday in Manila, the Xinhua News Agency reported.

Chinese experts stressed that the visit is a milestone event in the development of bilateral relations and the two countries will pursue greater cooperation under the framework of the China-proposed Belt and Road initiative (BRI) in the coming years.

As friendly neighbors across the sea, China and the Philippines enjoy geographic proximity and a strong bond that links the two peoples and cultures, Xi said, Xinhua reported on Tuesday.

Since Duterte took office, China and the Philippines have reopened the door of friendship and cooperation to each other, bringing real benefits to the two peoples and making important contributions to regional peace, stability and prosperity, Xi noted.

Xi’s visit will largely promote bilateral relations as the visit shows that China values friendly relations with the Philippines, Gu Xiaosong, a research fellow on Southeast Asian studies at the Guangxi Academy of Social Sciences, told the Global Times on Tuesday.

“It is a milestone event in the development of bilateral relations,” Gu remarked.

Glenn Penaranda, commercial counselor of the Philippine Embassy in China, told the Global Times on Tuesday that “Xi’s visit is vital in highlighting the significant relationship between our two countries, particularly in trade and investments. The visit will encourage more and deeper engagements.”

Improved China-Philippines relations will also play an important role in maintaining the stability of the South China Sea, experts noted.

“If China and the Philippines can reach an agreement on the exploration and development of oil and gas resources in the South China Sea, it will be a breakthrough in economic cooperation in the region and will largely promote the safety of the Asia-Pacific,” Gu said.

Growth prospects

The prospects for economic and trade relations between the two countries are very bright as Philippine priorities are aligned with the key directions for industrial capacity cooperation under BRI, in sectors such as infrastructure, construction and building materials, chemicals and manufacturing, Penaranda said.

Gu agrees, saying that bilateral economic and trade ties will be further enhanced to a higher level, and the two countries will pursue more cooperation under the BRI.

As a developing country with more than 100 million people, the Philippines needs to improve its infrastructure and enhance the growth of its industrial enterprises, Gu noted.

“We need to better understand the opportunities for bilateral cooperation through increased engagements by enterprises,” Penaranda said, noting that it is important that the frequent reciprocal visits of officials and business delegations continue.

Experts said China is committed to advancing the development with other countries and the Belt and Road initiative will bring greater growth to other developing countries and promote the economic integration of the Asia-Pacific region.

The two countries have conducted broad cooperation in transportation infrastructure and industrial parks and energy, and China is the Philippines’ largest trading partner.

Trade between China and the Philippines increased 8.5 percent year-on-year to $51.28 billion, according to information released by China’s Ministry of Commerce (MOFCOM) on Thursday.

As of the end of September, China’s investment in the Philippines was $1.25 billion and the Philippines’ investment in the Chinese market reached $3.33 billion, according to the MOFCOM.

Experts said cultural and educational exchanges between the two countries also see a huge potential.

The hospitality toward Chinese people is easily felt among the Philippine public.

The Chinese and Philippine flags were placed along Roxas Boulevard in Manila a week ago. Many Chinese who live and study in Manila waited along the boulevard on Tuesday to welcome Xi.

“We’re so excited that President Xi has come to Manila. We hope the two countries could strengthen cultural exchanges in the future,” Kui Jiangong, a PhD candidate from China who studies at Adamson University in Manila, told the Global Times on Tuesday.

“I have met many locals who like to discuss Chinese culture with me as they want to know more about China,” he said. – Global Times

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‘America First’ undermines multilateralism, Pence’s APEC speech offers nothing new


 

Illustration: Liu Rui/GT

 

‘America First’ undermines multilateralism

According to media reports, the Asia-Pacific Economic Cooperation (APEC) forum held in Papua New Guinea (PNG) was concluded on Sunday without leaders issuing the traditional communiqué, and PNG will instead issue a formal “chairman’s statement,” for the first time ever. PNG Prime Minister Peter O’Neill said talks broke down over language about the World Trade Organization (WTO).

The US is a strong advocate for WTO reform. While China has no objection for the necessity of reform, the two powers are widely divided over “what” to reform. The US thinks the WTO doesn’t fit the current world economy and needs massive reform, but China hopes reform will focus on dispute settlement mechanisms.

China’s view is echoed by most WTO members. But some developed countries have vacillated because they worry that the US, if objected, would exit the WTO and build another platform that it thinks enables fair competition. They also hope to benefit from US moves pressuring developing countries. As a major WTO founder, the US intends to overturn the system and start over again. This invites concerns that Washington would choose to support or abandon any international rule based on whether it serves US interest, bringing a fundamental tumult to international trade system.

“America First” has been deeply embedded in US foreign policy. Washington used to pursue its interest by building a US-led multilateral system, but now it just asks for benefits. Multilateral mechanisms are seeing their authority eroded. This will last for some time until Washington feels what repercussions of the collapse of the international system can bring to it.

Such impact will come sooner or later. Current international system carries Western values, endows a US leadership, supports the dollar as a major international currency and helps the US enhance its grip on international relations so that it can secure its interest easily. Destroying such a system will bring itself huge losses in the long run.

It’s delusional of some US elites to think that China is the largest beneficiary of the international system since they mistakenly blame China for the US’ own problems. China has realized its development through hard work, not by taking advantage of the international system. Though China’s economy has rapidly expanded, it is due to China taking up a lot of work that US society doesn’t want to do. A large share of China’s foreign exchange that the country earned through toils has been borrowed by the US.

“American First” cannot become “America takes all.” The US should give other economies room for further development and take care of its relationship with developing countries. All Western countries need to rethink the meaning of fairness. They can’t take their vested interests for granted while hoping the developing countries stay at disadvantaged position forever.

Modifying WTO rules must aim at win-for-all, instead of interest redistribution for a few specific countries. It’s impossible for the US to be the only winner. If it blocks the development path of other countries, the US itself will go nowhere either.

The APEC summit this year concluded without issuing a communiqué, but it is not a big deal. The summit between Chinese President Xi Jinping and his US counterpart Donald Trump during the G20 meeting later this month will carry much more weight. It is hoped Washington makes serious preparations for the summit and not pin its hopes on exerting pressure.– Global Times.

Pence’s APEC speech offers nothing new

 

Illustration: Liu Rui/GT

US Vice President Mike Pence aimed bluntly-worded criticism toward China while delivering a speech at the Asia Pacific Economic Cooperation meeting in Papua New Guinea on Saturday. He repeated the US’ hardline approach in its trade conflicts with China, reiterated the US’ determination of freedom of navigation and criticized China’s foreign aid and cooperation with other countries.

Pence is considered the spokesperson for the US’ tough position on China. Apparently, he shoulders the responsibility of piling pressure on China before the summit between Chinese President Xi Jinping and US President Donald Trump during the G20 meeting later this month.

But a few hours before Pence said that the US will not back down from its trade disputes with China unless Beijing bows to US demands, Trump told a number of journalists in the White House that he may not impose more tariffs.

Washington has made quite a lot of noise recently, and Pence’s speech at APEC barely offers anything new. Pence said that China’s assistance drowns recipient countries in a sea of debt and makes them compromise sovereignty, and that the US offers a “better option.”

“We don’t coerce, corrupt, or compromise your independence. The United States deals openly and fairly,” Pence said. In reality, however, the country that does as Pence described is China and the one that jeopardizes the sovereignty of recipient countries is in truth the US.

The most prominent feature of China’s international assistance and cooperation is that it comes with no political strings attached. Is there a better way than this to show respect for others’ sovereignty? A big problem in the US’ relations with developing countries is that Washington often interferes in their internal affairs. In fact, many Western countries have preconditions, mostly political, attached to their assistance, which touches upon the social governance system of developing countries and hence puts them in difficult positions.

Just look at how many times the US has found political fault with China when it comes to economic cooperation, with human rights issues often brought up during trade negotiations with China. The US also wants to intervene in the business of China’s State-owned enterprises. With the US treating the strongest country among its cooperative partners this way, it’s easy to imagine what a difficult time it gives to less powerful and underdeveloped countries in trade relations.

If the US can truly behave as Pence claims and make economic cooperation separate from others’ sovereignty and based on an equal footing, there would be no major divergence in principles between China and the US. It’s a blessing for the world in the 21st century that China emphasizes both sovereignty and equality when it comes to international economic cooperation.

We especially welcome the US to adopt this attitude toward China-US relations and make comprehensive China-US cooperation a role model for the world.

The core consideration of US diplomacy is geopolitics rather than global development. Washington cares about the neighboring regions of major powers and offers its assistance to these regions so as to weaken the influence of regional major powers. Meanwhile, distant countries are forgotten by the US and other Western countries. The South Pacific is one such region. It is China’s mutually beneficial cooperation in the region that has drawn the attention of the US and other Western countries back there. The same goes for Africa. A number of African countries used to be ignored by the West in its geopolitical map. However, China’s cooperation with Africa has reshaped the attitude of Washington and other Western countries toward Africa.

The China-proposed Belt and Road initiative has been warmly received by a large number of countries because it’s not a geopolitical strategy, but a development plan guided by the principles of extensive consultation, joint contribution and shared benefits. It meets the pressing needs of developing countries and hence has ignited their passion for the initiative. When meeting with Xi on Friday, leaders and government representatives of eight South Pacific countries expressed their gratitude for China’s longtime assistance and loans that have had no political requirements attached. This is the epitome of how welcome the Belt and Road initiative is.

It is hoped that Pence’s words concerning sovereignty, respect and equality can become real action taken as part of US foreign policy. As long as the US has goodwill and real action, it will no longer need to criticize China and other countries will sense this and support it. Belittling a third party is not a noble act on the international stage.- Global Times

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