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Showing posts with label Leadership. Show all posts
Showing posts with label Leadership. Show all posts

Wednesday, May 7, 2025

China Has Quietly Won the Trade War—and Now Leads the World



Donald Trump-the noisy duck


China Has Quietly Won the Trade War—and Now Leads the World
Ricardo Martins 
    “There are decades where nothing happens; and there are weeks where decades happen.”
    —Vladimir Lenin

A Silent but Seismic Turning Point
In a silent but seismic shift, President Xi Jinping has ended five centuries of Western global dominance—not with bombs or blockades, but with strategic patience and unyielding confidence. Without firing a single shot, China has emerged not only as the victor of Trump’s chaotic trade war but also as the world’s new de facto leader.

This transformation did not happen overnight, but the past few years have accelerated an inevitable rebalancing, especially after Trump’s first administration. The West, and particularly the United States, once sat atop a unipolar world [06/05, 11:08 am] Kung Kok Chye letan kkc: China Has Quietly Won the Trade War—and Now Leads the World
Ricardo Martins 
    “There are decades where nothing happens; and there are weeks where decades happen.”
    —Vladimir Lenin

A Silent but Seismic Turning Point
In a silent but seismic shift, President Xi Jinping has ended five centuries of Western global dominance—not with bombs or blockades, but with strategic patience and unyielding confidence. Without firing a single shot, China has emerged not only as the victor of Trump’s chaotic trade war but also as the world’s new de facto leader.

This transformation did not happen overnight, but the past few years have accelerated an inevitable rebalancing, especially after Trump’s first administration. The West, and particularly the United States, once sat atop a unipolar world order. Today, that dominance has not [06/05, 11:08 am] Kung Kok Chye letan kkc: China Has Quietly Won the Trade War—and Now Leads the World
Ricardo Martins 
    “There are decades where nothing happens; and there are weeks where decades happen.”
    —Vladimir Lenin

A Silent but Seismic Turning Point
In a silent but seismic shift, President Xi Jinping has ended five centuries of Western global dominance—not with bombs or blockades, but with strategic patience and unyielding confidence. Without firing a single shot, China has emerged not only as the victor of Trump’s chaotic trade war but also as the world’s new de facto leader.

This transformation did not happen overnight, but the past few years have accelerated an inevitable rebalancing, especially after Trump’s first administration. The West, and particularly the United States, once sat atop a unipolar world order. Today, that dominance has not just eroded—it has been decisively challenged.

The Biden administration, like Trump’s before it, ultimately came to terms with a critical truth: global decoupling from China is economically untenable. The U.S. Treasury now openly acknowledges that tariffs are unsustainable, signaling what amounts to a strategic surrender in a trade war that began with bravado but ended in backpedaling.

The Cost of Financial Hubris

America’s attempt to sever its economic entanglement with China unraveled under the weight of its own financialization. Tariffs imposed during the Trump years wiped out trillions in global capital, not by transferring wealth to Beijing but by annihilating it. Markets froze, supply chains fractured, and America’s inflationary spiral deepened as Chinese imports became pricier and scarcer. Grocery chains and tech firms sounded the alarm: shelves were going empty, and production lines were halting. A $1 trillion trade dependency can’t simply be wished away.

China, by contrast, played the long game. It neither retaliated rashly nor blinked. It held five powerful economic levers in reserve: U.S. Treasury holdings, currency manipulation, control over rare earth elements, asymmetric trade dependencies, and vast cross-border investments. Each of these tools remains in Beijing’s back pocket—unleashed only when necessary. That quiet strength was Xi’s real strategy: win without war.

A Battle of Ego vs. Shred Future

In truth, this wasn’t merely a contest of policies—it was a duel between two men: Xi Jinping and Donald Trump. One ruled by consensus and long-term vision; the other by tweetstorms and impulsive tariffs. While Trump chased headlines and short-term victories, Xi pursued civilizational restoration. His goal was not just to withstand American pressure, but to lead a new era of global governance rooted in sovereignty, economic connectivity, and multipolar cooperation.

Xi Jinping’s vision for the world is a shared future for mankind: a multipolar global order based on mutual respect, non-interference, economic cooperation, and sovereign development, which, to some extent, revives the spirit of Bandung and the aspirations of the Global South. It emphasizes connectivity through initiatives like the Belt and Road, stability over confrontation, and a shift from Western-dominated liberalism, where rules and norms are dictated by the market and leaders follow the market’s ruling, to a more inclusive, pragmatic global governance model rooted in civilizational respect.

The results are stark: The U.S. Navy is aging, and its shipbuilding capacity is stagnant. Military overstretch has weakened alliances, with even Europe questioning the future of NATO. Meanwhile, China builds ports, railways, and satellites. Through initiatives like the Belt and Road and critical mineral diplomacy, Beijing now anchors vast swaths of Africa, Latin America, and Central Asia into its sphere of influence, not by force, but by finance and infrastructure.

A Different Kind of Leadership

The question no longer is whether China will lead the world—it already is. The question is how it will share that leadership. Xi’s vision, contrary to Western paranoia, is not zero-sum. As Zhou Bo, senior fellow at Tsinghua University, eloquently put it in his recent book Should the World Fear China?, “The world is becoming less Western, and it’s about time the West learned to listen.”

What the West perceives as fear, the Global South sees as opportunity. In Africa, Chinese workers build roads and hospitals; in Latin America, Chinese investments fuel clean energy and education. Even amid complex territorial tensions, China has maintained a foreign policy grounded in non-interference and regional diplomacy. When was the last time China toppled a government or bombed a nation into regime change?

Toward a Shared but Multipolar Future

To those who say China seeks to upend the international order, the response is simple: What is the order worth if it only serves the few? China doesn’t reject rules—it seeks fairness in their making. The Belt and Road isn’t a trap, as some Western media narratives suggest; it’s a lifeline for nations long ignored by Washington and Brussels. Even the narrative of Chinese “militarism” collapses under scrutiny: China hasn’t engaged in foreign combat since 1979, while U.S. interventions stretch across every continent.

This doesn’t mean China is perfect—no nation is. But it does mean the West must move from denial to adaptation. The future will not be American or European-dominated. It will be co-governed, with China holding a preponderant role. The West must recalibrate, not in fear, but in mutual respect.

In the words of Zhou Bo: “You cannot be the world’s strongest power and still claim victimhood.” The same could be said of the U.S.—it must accept that others have risen, and that humility, not hegemony, will define the 21st century.

From Pax Americana to Pax Sinica?

We are indeed entering a new era—not marked by the collapse of the West, but by its maturation. Learning from China doesn’t mean becoming China. It means recognizing that leadership today is measured not just in aircraft carriers or GDP, but in resilience, diplomacy, and the ability to build.

The West ruled the world for 500 years. It is now time to share the stage with a resurgent power, one that has reclaimed its rightful place and carries within it the wisdom of a 5,000-year-old civilization.
[06/05, 11:28 am] Kung Kok Chye letan kkc: China has repeatedly said she is for peace... 
Mind boggling when those western numbskulls just
can't comprehend... then again, what can you expect from murderous
warmongers who just wanted to rob, loot, steal tons of monies, gold and other resources from the the spoils of wars.
Just look at some very recent history. eroded—it has been decisively challenged.

The Biden administration, like Trump’s before it, ultimately came to terms with a critical truth: global decoupling from China is economically untenable. The U.S. Treasury now openly acknowledges that tariffs are unsustainable, signaling what amounts to a strategic surrender in a trade war that began with bravado but ended in backpedaling.

The Cost of Financial Hubris

America’s attempt to sever its economic entanglement with China unraveled under the weight of its own financialization. Tariffs imposed during the Trump years wiped out trillions in global capital, not by transferring wealth to Beijing but by annihilating it. Markets froze, supply chains fractured, and America’s inflationary spiral deepened as Chinese imports became pricier and scarcer. Grocery chains and tech firms sounded the alarm: shelves were going empty, and production lines were halting. A $1 trillion trade dependency can’t simply be wished away.

China, by contrast, played the long game. It neither retaliated rashly nor blinked. It held five powerful economic levers in reserve: U.S. Treasury holdings, currency manipulation, control over rare earth elements, asymmetric trade dependencies, and vast cross-border investments. Each of these tools remains in Beijing’s back pocket—unleashed only when necessary. That quiet strength was Xi’s real strategy: win without war.

A Battle of Ego vs. Shred Future

In truth, this wasn’t merely a contest of policies—it was a duel between two men: Xi Jinping and Donald Trump. One ruled by consensus and long-term vision; the other by tweetstorms and impulsive tariffs. While Trump chased headlines and short-term victories, Xi pursued civilizational restoration. His goal was not just to withstand American pressure, but to lead a new era of global governance rooted in sovereignty, economic connectivity, and multipolar cooperation.

Xi Jinping’s vision for the world is a shared future for mankind: a multipolar global order based on mutual respect, non-interference, economic cooperation, and sovereign development, which, to some extent, revives the spirit of Bandung and the aspirations of the Global South. It emphasizes connectivity through initiatives like the Belt and Road, stability over confrontation, and a shift from Western-dominated liberalism, where rules and norms are dictated by the market and leaders follow the market’s ruling, to a more inclusive, pragmatic global governance model rooted in civilizational respect.

The results are stark: The U.S. Navy is aging, and its shipbuilding capacity is stagnant. Military overstretch has weakened alliances, with even Europe questioning the future of NATO. Meanwhile, China builds ports, railways, and satellites. Through initiatives like the Belt and Road and critical mineral diplomacy, Beijing now anchors vast swaths of Africa, Latin America, and Central Asia into its sphere of influence, not by force, but by finance and infrastructure.

A Different Kind of Leadership

The question no longer is whether China will lead the world—it already is. The question is how it will share that leadership. Xi’s vision, contrary to Western paranoia, is not zero-sum. As Zhou Bo, senior fellow at Tsinghua University, eloquently put it in his recent book Should the World Fear China?, “The world is becoming less Western, and it’s about time the West learned to listen.”

What the West perceives as fear, the Global South sees as opportunity. In Africa, Chinese workers build roads and hospitals; in Latin America, Chinese investments fuel clean energy and education. Even amid complex territorial tensions, China has maintained a foreign policy grounded in non-interference and regional diplomacy. When was the last time China toppled a government or bombed a nation into regime change?

Toward a Shared but Multipolar Future

To those who say China seeks to upend the international order, the response is simple: What is the order worth if it only serves the few? China doesn’t reject rules—it seeks fairness in their making. The Belt and Road isn’t a trap, as some Western media narratives suggest; it’s a lifeline for nations long ignored by Washington and Brussels. Even the narrative of Chinese “militarism” collapses under scrutiny: China hasn’t engaged in foreign combat since 1979, while U.S. interventions stretch across every continent.

This doesn’t mean China is perfect—no nation is. But it does mean the West must move from denial to adaptation. The future will not be American or European-dominated. It will be co-governed, with China holding a preponderant role. The West must recalibrate, not in fear, but in mutual respect.

In the words of Zhou Bo: “You cannot be the world’s strongest power and still claim victimhood.” The same could be said of the U.S.—it must accept that others have risen, and that humility, not hegemony, will define the 21st century.

From Pax Americana to Pax Sinica?

We are indeed entering a new era—not marked by the collapse of the West, but by its maturation. Learning from China doesn’t mean becoming China. It means recognizing that leadership today is measured not just in aircraft carriers or GDP, but in resilience, diplomacy, and the ability to build.

The West ruled the world for 500 years. It is now time to share the stage with a resurgent power, one that has reclaimed its rightful place and carries within it the wisdom of a 5,000-year-old civilization.
[06/05, 11:28 am] Kung Kok Chye letan kkc: China has repeatedly said she is for peace... 
Mind boggling when those western numbskulls just
can't comprehend... then again, what can you expect from murderous
warmongers who just wanted to rob, loot, steal tons of monies, gold and other resources from the the spoils of wars.
Just look at some very recent history.Today, that dominance has not just eroded—it has been decisively challenged.

The Biden administration, like Trump’s before it, ultimately came to terms with a critical truth: global decoupling from China is economically untenable. The U.S. Treasury now openly acknowledges that tariffs are unsustainable, signaling what amounts to a strategic surrender in a trade war that began with bravado but ended in backpedaling.

The Cost of Financial Hubris

America’s attempt to sever its economic entanglement with China unraveled under the weight of its own financialization. Tariffs imposed during the Trump years wiped out trillions in global capital, not by transferring wealth to Beijing but by annihilating it. Markets froze, supply chains fractured, and America’s inflationary spiral deepened as Chinese imports became pricier and scarcer. Grocery chains and tech firms sounded the alarm: shelves were going empty, and production lines were halting. A $1 trillion trade dependency can’t simply be wished away.

China, by contrast, played the long game. It neither retaliated rashly nor blinked. It held five powerful economic levers in reserve: U.S. Treasury holdings, currency manipulation, control over rare earth elements, asymmetric trade dependencies, and vast cross-border investments. Each of these tools remains in Beijing’s back pocket—unleashed only when necessary. That quiet strength was Xi’s real strategy: win without war.

A Battle of Ego vs. Shred Future

In truth, this wasn’t merely a contest of policies—it was a duel between two men: Xi Jinping and Donald Trump. One ruled by consensus and long-term vision; the other by tweetstorms and impulsive tariffs. While Trump chased headlines and short-term victories, Xi pursued civilizational restoration. His goal was not just to withstand American pressure, but to lead a new era of global governance rooted in sovereignty, economic connectivity, and multipolar cooperation.

Xi Jinping’s vision for the world is a shared future for mankind: a multipolar global order based on mutual respect, non-interference, economic cooperation, and sovereign development, which, to some extent, revives the spirit of Bandung and the aspirations of the Global South. It emphasizes connectivity through initiatives like the Belt and Road, stability over confrontation, and a shift from Western-dominated liberalism, where rules and norms are dictated by the market and leaders follow the market’s ruling, to a more inclusive, pragmatic global governance model rooted in civilizational respect.

The results are stark: The U.S. Navy is aging, and its shipbuilding capacity is stagnant. Military overstretch has weakened alliances, with even Europe questioning the future of NATO. Meanwhile, China builds ports, railways, and satellites. Through initiatives like the Belt and Road and critical mineral diplomacy, Beijing now anchors vast swaths of Africa, Latin America, and Central Asia into its sphere of influence, not by force, but by finance and infrastructure.

A Different Kind of Leadership

The question no longer is whether China will lead the world—it already is. The question is how it will share that leadership. Xi’s vision, contrary to Western paranoia, is not zero-sum. As Zhou Bo, senior fellow at Tsinghua University, eloquently put it in his recent book Should the World Fear China?, “The world is becoming less Western, and it’s about time the West learned to listen.”

What the West perceives as fear, the Global South sees as opportunity. In Africa, Chinese workers build roads and hospitals; in Latin America, Chinese investments fuel clean energy and education. Even amid complex territorial tensions, China has maintained a foreign policy grounded in non-interference and regional diplomacy. When was the last time China toppled a government or bombed a nation into regime change?

Toward a Shared but Multipolar Future

To those who say China seeks to upend the international order, the response is simple: What is the order worth if it only serves the few? China doesn’t reject rules—it seeks fairness in their making. The Belt and Road isn’t a trap, as some Western media narratives suggest; it’s a lifeline for nations long ignored by Washington and Brussels. Even the narrative of Chinese “militarism” collapses under scrutiny: China hasn’t engaged in foreign combat since 1979, while U.S. interventions stretch across every continent.

This doesn’t mean China is perfect—no nation is. But it does mean the West must move from denial to adaptation. The future will not be American or European-dominated. It will be co-governed, with China holding a preponderant role. The West must recalibrate, not in fear, but in mutual respect.

In the words of Zhou Bo: “You cannot be the world’s strongest power and still claim victimhood.” The same could be said of the U.S.—it must accept that others have risen, and that humility, not hegemony, will define the 21st century.

From Pax Americana to Pax Sinica?

We are indeed entering a new era—not marked by the collapse of the West, but by its maturation. Learning from China doesn’t mean becoming China. It means recognizing that leadership today is measured not just in aircraft carriers or GDP, but in resilience, diplomacy, and the ability to build.

The West ruled the world for 500 years. It is now time to share the stage with a resurgent power, one that has reclaimed its rightful place and carries within it the wisdom of a 5,000-year-old civilization.
[06/05, 11:28 am] Kung Kok Chye letan kkc: China has repeatedly said she is for peace... 
Mind boggling when those western numbskulls just
can't comprehend... then again, what can you expect from murderous
warmongers who just wanted to rob, loot, steal tons of monies, gold and other resources from the the spoils of wars.
Just look at some very recent history.- shared from friends


Sunday, December 22, 2024

Leading through change

 

LIKE many Malaysians, I often have to remind my colleagues, neighbours and friends that chat groups are not the best place to discuss politics, especially topics on race relations and religion.

Some of us often forget that participants in chat groups may not necessarily share the same sentiments and enthusiasm. Chat groups are created for specific agendas and purposes, but we do go off-track sometimes.

The workplace is no different. Divergent opinions can lead to creativity and better ways of doing things once a consensus is reached. However, it can also result in strong disagreements and even conflict, potentially breaking a team.

As managers, we are familiar with such situations. Managers must always think about how best to manage divergent opinions in professional settings.

As we come to the end of 2024 and brace for an uncertain 2025, in times of political upheaval, such as the new US president and increased geopolitical tensions affecting every region in the world, it is also a good time to focus on managing our backyard.

With 2025 on the horizon, it is a good time to focus on managing our backyard

The bigger challenge requiring managers’ attention in 2025 is the march of AI

AI will impact every department and section, with no exceptions

Being respectful and professional is always key, according to the Chartered Management Institute’s (CMI) tips for managers – be brave enough to shut down conversations if they make some colleagues feel uncomfortable.

It is important to remind teams that the workplace is not always the best place for heated political discussions, especially if they prove unproductive and inconsequential to work.

The bigger challenge requiring managers’ attention in 2025 is the march of artificial intelligence (AI) in the workplace. Forget about scheming and untrustworthy politicians.

AI is the number one priority – the better it is managed, the more likely organisations are to adopt it successfully and avoid potential pitfalls. The good news is that the Malaysian Employers Federation (MEF) believes that a significant portion of companies in Malaysia are proactive in this regard.

MEF president Datuk Syed Hussain Syed Husman cites the Cisco AI Readiness Index survey conducted in November last year, which revealed that 46% of Malaysian organisations are prepared to adopt AI technology in line with the Fourth Industrial Revolution (IR 4.0). The study indicated that 13% of these entities are fully ready, with an additional 33% classified as partially ready.

For AI to take off, the positive impact of management and leadership on organisational performance is well-documented, including by Haskel et al (2007) in the United Kingdom and Bloom et al (2010), which found better management led to productivity increases of 13% to 17%.

Data from the UK’S Office of National Statistics shows that companies with high management practices are significantly more likely to drive tech and AI adoption. The research found that companies with top-tier management scores are significantly more likely to adopt AI (37% in the top decile compared to just 3% in the bottom) and to recognise its relevance.

While only 32% of top-performing companies see AI as inapplicable, this figure rises sharply to 74% among those with lower management scores.

However, CMI research reveals that anxiety around AI technologies remains widespread, with over two in five (44%) UK managers reporting concerns raised by colleagues and direct reports about new and emerging AI tools within their organisations.

Alarmingly, fewer than one in 10 managers (9%) believe their organisation is adequately equipped to work with AI, with most receiving little to no training on how to manage or integrate these technologies effectively.

Researchers have found that managers will increasingly play a critical role in interpreting Ai-generated insights, ensuring these align with organisational goals, and making judgment calls that require human intuition and ethical consideration.

AI will impact every department and section, with no exceptions. For the human resources manager, they will need to determine whether AI is writing recruits’ curriculum-vitae and cover letters.

If so, should this be a cause for concern? Are graduates making themselves more attractive to employers by demonstrating a willingness to use AI? Or does this come across as lazy or lacking in creativity?

What does it tell potential employers? Is it deceitful or clever? And should employers be using Ai-detection software?

For news editors in TV studios and newsrooms, shouldn’t they be leading the charge to use AI to eliminate tedious work, allowing staff to focus on creativity and more purposeful tasks?

As we end the year, some companies are still struggling with hybrid working.

It is safe to say that most Malaysian employers have insisted their staff return to the office physically.

This will also be the last year when public listed companies are allowed to conduct annual general meetings for shareholders solely online.

Beginning next year, public listed companies must have physical annual general meetings, with online participation as an additional option.

As we approach the fifth anniversary of the pandemic, the challenge for 2025 will be for managers to ensure they get it right.

For Malaysian managers still holding on to the hybrid workplace, they would know by now if it is still effective. - WONG CHUN WAI Award-winning veteran journalist and Bernama chairman

Related:

Risk management in era of escalating risks



Tuesday, September 24, 2024

Winds of change in Penang DAP

Steven Sim Chee Keong 沈志强

 Sim succeeds Chow as state party chairman after polls at ordinary convention

GEORGE TOWN: A wind heralding change has blown through the halls of power in Penang.

The collective force of the 1,500-odd delegates of Penang DAP who cast their votes yesterday indicated a shift away from the powerful “Lim family” in the party.

Not all candidates known to be aligned with party chairman Lim Guan Eng scored enough votes to win a coveted seat in the state party committee – a sign that there are complex workings in the party that outsiders cannot measure.

Human Resources Minister Steven Sim became the new Penang DAP chairman from now until 2027 after scoring the second highest number of votes from state party delegates (1,237 votes).

Sim was asked to comment on the fact that assuming the post meant he could be the chief minister designate.

The Bukit Mertajam MP picked the middle ground: “We focus on the working on the ground first, make sure we win the next election and establish the government together.

“All that can be discussed later; we focus on working on the ground. Thank you,” he told the media in a minute-long press conference.

Penang DAP had its ordinary convention yesterday, requiring 1,500-odd delegates to vote in 15 out of 31 nominees to be in the state liaison committee.

After their votes were tallied and the 15 members were determined, the 15 then enter closed doors to thrash out who would be the chairman, deputy, secretary, treasurer and other office-bearers.

When the doors were opened, reporters got the news they had expected: Sim would take over from Penang Chief Minister Chow Kon Yeow as the new chairman.

Sim’s deputy is now Ramkarpal Singh, a son of the late party stalwart Datuk Seri Karpal Singh, who actually gained the most number of votes from Penang DAP delegates (1,247 votes).

Guan Eng’s sister Hui Ying, who is Deputy Finance Minister and Tanjong MP, retained her post as Penang DAP secretary. But she only garnered 827 votes.

Komtar assemblyman Teh Lai Heng, who used to be Chow’s political secretary, climbed up and became state party treasurer.The combination of Sim and Hui Ying as the chairman and secretary had earlier received open endorsement from DAP secretary-general Anthony Loke.

Among biggest casualties were Deputy Chief Minister II Jagdeep Singh Deo and state Tourism and Creative Economy Committee chairman Wong Hon Wai.

Other state assemblymen who did not make the cut were Heng Lee Lee (Berapit), Joseph Ng (Air Itam), K. Kumaran (Bagan Dalam) and Ong Ah Teong (Batu Lanchang).

These were among personalities believed to be attentive to Guan Eng’s opinions.

Guan Eng, who was Penang chief minister from 2008 to 2018, had never been the Penang DAP chairman. But a convention exists in that the “chief minister designate” is usually the chairman of the leading party in a given state.

State exco member Zairil Khir Johari (fourth, 1,166 votes) and Datuk Yeoh Soon Hin (third, 1,225), a former state exco member, were appointed as the state party vice-chairmen.

State party assistant secretary post went to H’ng Mooi Lye, the Penang local government executive councillor.

The assistant treasurer post will be held by Lay Hock Peng.

The organising secretary is now Phee Boon Chee, the younger brother of Penang DAP veteran Datuk Seri Phee Boon Poh, while the assistant organising secretary post will be held by both Lee Wei Seang and Lim Siew Khim.

The state DAP publicity secretary is now Joshua Woo and the assistant publicity secretary is Datuk Soon Lip Chee.

The director of political education is Daniel Gooi, who is the Penang state exco member for youth, sports and health.

The six committee members are Datuk Seri S. Sundarajoo, RSN Rayer, Phee Syn Tze, Ooi Yong Woi, Teh Chuann Yien and Foo Yu Keong

Source link


Penang DAP delegates send signal to Lim family


Saturday, May 25, 2024

M’sian-born CEO paid more than tech titans

Leading the pack: Tan beats Cook, Musk and Zuckerberg in the analysis by the WSJ. — Photo from Broadcom Inc

Tan tops list of highest paid executives in the US last year 

PETALING JAYA: The highest-paid chief executive officer in the United States is neither Apple’s Tim Cook nor Tesla’s Elon Musk, but Malaysian-born businessman Tan Hock Eng.

Tan, 71, also surpassed Meta Platforms’ Mark Zuckerberg by earning US$162mil (about RM760mil) in compensation last year, according to South China Morning Post, which quoted an analysis by the Wall Street Journal (WSJ) this week.

“Tan, who is a US citizen, is the CEO of semiconductor company Broadcom Inc and has been topping the pay charts since 2006, receiving US$103mil in 2017,” said WSJ.

However, the pay package comes with several conditions, including the company’s stock hitting a certain level by next year. Tan must also remain as CEO for an additional five years, and he will not receive any more equity or cash bonuses during that period.

The semiconductor company’s shares rose 106% over the past 12 months, bringing its total market capitalisation to US$655bil (RM3 trillion).

Tan is also a board member of Meta Platforms, the US-based company that owns Facebook, Instagram and WhatsApp among others.

Tan, who hails from Penang, completed his undergraduate studies in mechanical engineering at the Massachusetts Institute of Technology.

He also has a bachelor’s degree in electrical engineering from the National University of Singapore. He then earned a Master of Business Administration from Harvard University. After returning to Malaysia, he was involved with Hume Industries between 1983 and 1988.

He then moved to Singapore as managing director of venture capital firm Pacven Investment.

He reportedly relocated back to the United States in 1992 and assumed the role of vice-president of finance for PC maker Commodore International.

Source link 


Related News


Tuesday, October 25, 2022

New Chinese leadership new journey begins

 

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, and the other newly elected members of the Standing Committee of the Political Bureau of the 20th CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi, meet the press at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Shen Hong)

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, and the other newly elected members of the Standing Committee of the Political Bureau of the 20th CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi, meet the press at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Shen Hong)

 

 Xi Jinping was elected general secretary of the 20th Central Committee of the Communist Party of China (CPC) at the committee's first plenary session held on Sunday, according to the communique of the plenary session.

The session, presided over by Xi, was attended by 203 members of the 20th CPC Central Committee and 168 alternate members. Xi was also named chairman of the CPC Central Military Commission at the session.

The members of the Standing Committee of the Political Bureau of the CPC Central Committee elected at the session are Xi Jinping, Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi.

Zhao and Wang were members of the Standing Committee of the Political Bureau of the 19th CPC Central Committee. Li Qiang, Cai and Li Xi have served as Party chiefs of municipal CPC committees in Shanghai, Beijing and the Provincial CPC committee of Guangdong Province since 2017. Ding has been director of the General Office of the CPC Central Committee since 2017.

Analysts said the new central leadership of the Party with a strong core leadership, demonstrated solid unity, which is a key advantage and essential element for the Party to handle complex challenges and accomplish new great missions in the future, and to withstand "dangerous storms" in a turbulent world together.

Also elected at the first plenary session of the 20th CPC Central Committee were members of the Political Bureau of the CPC Central Committee at the session, which endorsed the members of the CPC Central Committee Secretariat nominated by the Standing Committee of the Political Bureau of the CPC Central Committee.

The session named the members of the Central Military Commission, with Zhang Youxia and He Weidong as vice chairmen. The session approved the secretary, deputy secretaries and members of the Standing Committee of the Central Commission for Discipline Inspection (CCDI) elected at the first plenary session of the 20th CCDI.

Remarks of confidence

After the plenary session concluded, Xi led the Party's new central leadership to meet Chinese and foreign journalists on Sunday at the Great Hall of the People in Beijing, and delivered a speech at the meeting with the press.

Xi said China will open its door wider to the rest of the world. "We'll be steadfast in deepening reform and opening up across the board, and in pursuing high-quality development," Xi said when meeting the press, noting that a prosperous China will create many more opportunities for the world.

Just as China cannot develop in isolation from the world, the world needs China for its development, Xi said. Through over 40 years of relentless reform and opening-up, China has created the twin miracles of fast economic growth and long-term social stability, he said.

Chinese analysts said it shows that both the CPC's and Chinese people's determination on reform and opening-up is unchanged, and the Party will unwaveringly insist on the successful policy and strategy, which is a message of confidence and certainty not only to the Chinese economic development, but also to the world in turbulence and global recovery.

The Chinese economy has great resilience and potential, Xi said. "Its strong fundamentals will not change, and it will remain on the positive trajectory over the long run."

The week-long 20th National Congress of the Communist Party of China (CPC) concluded on October 22, 2022, at the Great Hall of the People in Beijing. Photo: Li Hao/GTThe week-long 20th National Congress of the Communist Party of China (CPC) concludes on October 22, 2022, at the Great Hall of the People in Beijing. Photo: Li Hao/GT

Humanity's shared values

Xi on Sunday also expressed China's commitment to promoting the building of a human community with a shared future.

"We will work with peoples of all other countries to champion humanity's shared values of peace, development, fairness, justice, democracy, and freedom to safeguard global peace and promote global development, and keep promoting the building of a human community with a shared future," Xi said when meeting the press at the Great Hall of the People.

Xi's remarks further highlight the core ideas of China's diplomacy since the 18th CPC National Congress, emphasizing the stability and continuity of major diplomatic policies, which drew a sharp contrast with certain countries that emphasize their own absolute security and maximize their own interests, building up small blocs, Su Xiaohui, deputy director of Department of International and Strategic Studies at the China Institute of International Studies, told the Global Times on Sunday.

"It shows that our diplomacy is not based on selfish and zero-sum mentalities, and the idea of promoting a human community with a shared future is winning and will win more support from the international community, especially from developing countries," Su said.

The concept of "humanity's shared values"  presented by the CPC is very different from the "universal values" promoted by the West, experts said. Based on the facts about the destruction and chaos in the non-Western world that has been caused by major Western powers, these so-called "universal values" actually serve as a pretext for hegemony to bully, interfere in and invade other nations, and the "values" are actually dividing the world rather than uniting it, as the West, especially the US, uses these concepts to create "enemies and competitors" to unite its own allies and followers, despite being guilty of hypocrisy and double-standards in many cases.

But the CPC's concept of "humanity's shared values" is inclusive and aims to unite all members of the international community and all civilizations, which also include civilizations in the Western world, and China under the CPC's leadership will always oppose and fight hegemony that threatens world peace, and will never follow the suit of hegemony or imperialism in the past to repeat the bloody and brutal path of rising in the new journey toward its Second Centenary Goal, experts said.

At this critical moment for the world to learn what China's core leadership will do, experts noted that China's core diplomatic ideas were incorporated in Xi's first address since he was elected general secretary of the 20th Central Committee of the CPC, indicating that China will uphold those common values of humanity by highlighting fairness and justice.

Keep Party invincible

"A political party can only become invincible if it remains committed to self-reform, even though it has had a glorious past," Xi made the remarks when meeting the press at the Great Hall of the People.

The revolutionary travails and tempering of the past century, and especially of the first decade of the new era, have made the CPC stronger and more dynamic, Xi said.

Xi urged the CPC members to remain on high alert and stay sober-minded and prudent in the face of new challenges and tests on the journey ahead.

Zhang Shuhua, director of the Institute of Political Sciences of the Chinese Academy of Social Sciences, told the Global Times on Sunday that "Facing an increasingly complex international environment, especially when Western political systems are deteriorating and many Western countries have no longer been able to elect leaders with professional performance, the CPC underscores a strong leadership, showing its capability to organize, unite and execute."

Political authority, consistency and certainty of the leadership are important for a major power to prevent the risk and handle the crisis in a turbulent world, and the CPC provides crucial advantages for China to overcome challenges in the future and to win the tough competition and confrontation launched by a few countries, experts said.

"We must make sure that our century-old Party, the biggest in the world, will become ever more vigorous through self-reform and continue to be the strong backbone that the Chinese people can lean on at all times," Xi said. He stressed that the Party should always act for the people and rely on the people on the journey ahead.

The week-long 20th National Congress of the Communist Party of China (CPC) concludes on October 22, 2022, at the Great Hall of the People in Beijing. Photo: Li Hao/GTThe week-long 20th National Congress of the Communist Party of China (CPC) concludes on October 22, 2022, at the Great Hall of the People in Beijing. Photo: Li Hao/GT

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It is hoped that the US can fully and accurately receive the signals the 20th CPC National Congress has sent out, correct its strategic perception of China, meet China halfway, and push China-US relations back to the track ...

 

 

China's new journey will show richer global significance: Global Times editorial

On Sunday noon, members of the Standing Committee of the Political Bureau of the 20th Communist Party of China (CPC) Central Committee appeared before the press at the Great Hall of the People in Beijing. This event marks that a series of important political agendas surrounding the 20th CPC National Congress came to a successful conclusion. Like a huge ship, China will move forward under the leadership of the new CPC Central Committee with Comrade Xi Jinping at its core. The course the Party has charted has a global significance: It not only reflects the maturity and stability of the CPC as a major party, but also injects certainty into a world beset by changes and turmoil. 

 

China won't export devt model, opposes imposition on others

The just-concluded 20th National Congress of the Communist Party of China (CPC) elaborated on Chinese modernization, which offers a path for other countries to seek inspiration, senior Party officials at a Monday press conference reiterated that China will not export its model to other countries, nor will it import models from other countries; every country should explore its own way to modernization that suits its own situation, in response to questions and concerns from the West about whether "China might export its ideology or development model."

 

Existing loopholes in US electoral or democratic system require political and legal reforms, but there seems to be little momentum to achieving so. The prospect of US-style democracy is dim.

 

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After reading a report delivered by Xi Jinping to the #20thCPCNationalCongress, Rick O'Shea said he has some photos to share. Check to find out the stories behind those who witnessed the significant development in the new era of China