KUALA LUMPUR: Loss of jobs, harm to diplomatic ties with China, damage to the economy plus a RM20bil compensation are awaiting Malaysia if the East Coast Rail Link (ECRL) project is cancelled.
The billion ringgit 688km long track linking Selangor, Pahang, Trengganu and Kelantan is already 20% completed, says MCA president Datuk Seri Dr Wee Ka Siong on the trail of potential damage if the project set for completion in 2024 is axed now.
The Ayer Hitam Member of Parliament who issued an open letter to Prime Minister Tun Dr Mahathir Mohamad and Cabinet Ministers on the matter, said he earnestly hoped the Cabinet can explore the effects of axing the project.
The ECRL project whose construction contract was awarded to China Communications, Construction Co Ltd (CCCC) and financed by China is a hot topic in the past few days, and its fate is expected to be made known officially this week.
Yesterday, Dr Mahathir said Malaysia will be “impoverished” if the government proceeds with the ECRL project.
While not confirming that the project has been scrapped, Dr Mahathir said paying compensation is cheaper than bearing the cost of the project.
Below is Dr Wee’s letter in full:
An open letter to YAB Prime Minister and Cabinet Ministers
The cancellation of the ECRL project and the bickering between two Cabinet ministers over the issue has become the talk of the town.
I foresee this issue to be a hot topic in the Cabinet meeting this Wednesday (Jan 30).
Whether the cancellation of ECRL was discussed in previous Cabinet meetings or not, I earnestly hope the Cabinet can explore the effects of axing this project.
Take a moment to consider factors such as the friendship between the people of both countries, jobs and economy, diplomatic ties and the reputation of Malaysia.
On the bilateral relations between Malaysia and China, I can safely say that putting a stop to the ECRL project will harm the diplomatic ties between Malaysia and China.
If we put ourselves in China’s shoes, we will surely respond negatively as well if our overseas investment is treated as such.
A nightmare looms should China take any retaliatory action, such as reduce or even halt the import of commodities (palm oil in particular) from us.
If that happens, Felda, Sime Darby and other big corporations will be the first to feel the heat.
The livelihood of some 650,000 smallholders and their families will be directly affected.
From the economic perspective, the ECRL project is likely to boost the GDP growth of three east coast states by 1.5%.
It will also spur the development of the east coast, enhance connectivity between the east and west coast, and close the economic divide between the two coasts.
Through bridging the rural-urban divide, the overall development of Malaysia will be more balanced and comprehensive.
The rail link is 20% completed, with several tens of billions paid to the contractor.
On top of that, Malaysia will be penalised for cancelling the RM30bil loan from the EXIM Bank of China.
We will have to repay the loan and compensation within a short period of time.
From my experience in administering engineering projects, any breach of contract will result in a hefty penalty. The compensation for cancelling ECRL could reach RM20bil.
Financial losses aside, scrapping the ECRL will also bring a negative impact to Malaysia’s reputation in the international arena and erode Malaysia’s trustworthiness.
Judging from my past experience dealing with China and its officials, as well as the friendly gestures displayed by China so far, I can conclude that China is willing to achieve a win-win solution instead of situation where both sides lose out.
The Malaysian government can consider restructuring the project timeline or reducing the project scale, which are alternatives that work in Malaysia’s favour while maintaining the amicable ties between Malaysia and China.
The government should also keep the small and medium enterprises in mind.
Business owners in 150 related industries, including tens of thousands of contractors who have taken a loan to purchase equipment, will suffer greatly should ECRL be cancelled.
China is Malaysia’s largest trading partner since 2009, with bilateral trade figures reaching US$100bil. Business linkages and people-to-people exchanges have also flourished over the years.
Products such as palm oil, bird’s nest, Musang King, white coffee, etc, are exported to China, while people from both countries visit each other for vacations and academic exchanges, benefitting Malaysians of all races.
All these have contributed to the income of various communities and brought in foreign exchange earnings for the country.
It takes years to build a bilateral relationship, and only seconds to destroy it.
The Malaysian government should appreciate our friendship with China and try its best to achieve mutual benefits and common prosperity with China.
Prioritise the economy and the livelihood of the people, and put an end to the political game to discredit your opponents.
For the sake of the people in the east coast as well as the whole of Malaysia, the government should not cancel the ECRL project.- The Star
I attended primary and secondary school at Convent Green Lane, and later went on to do my Sixth Form at St Xavier’s. Needless to say, I do not speak any Mandarin either. I, too, feel increasingly displaced in Penang, and am so sad to see Hokkien perceptibly fading away.
In preparing for my sociolinguistics class with undergraduates, I came across an interesting website by the Persatuan Bahasa Hokkien Pulau Pinang, speakhokkien.org. Others are concerned too.
(By the way, my class was studying concepts of language loss and language death, and I picked Penang Hokkien as a case to highlight the issue. In my demo, I spoke some and we all had a great big laugh – my personality inexplicably transforms when I speak Hokkien!)
One of the last bastions of Penang Hokkien could possibly be the Sg Ara market. During a visit sometime last year, I could still hear quite a bit of this beautiful dialect being spoken, to my great delight.
Thank you for highlighting the issue from a heartfelt personal perspective. I will include it in the reading list to help my students understand that language loss is not some abstract theoretical construct but is real and happening in our own backyard in Penang.
(By the way, wah ah boey khi bank gia ang pow long. Wah boh eng! Ah bo wah khi pasak bey kah ho :-)) (I haven’t gone to the bank to get ang pow packets. I am not free! Maybe it’s better that I go buy them in the market.)
I was sent a link to the article by an old Auckland University friend who now lives in Singapore.
I’m a “banana” still living in Auckland after 40 years. And like Wong, I get pretty lost in Penang whenever I return.
Being ex-Penang Free School, I never learnt Mandarin. I worked in Shanghai for a year-and-a-half and my colleagues there used to tease me, “You can’t read Mandarin? You can’t write Mandarin? You can’t speak Mandarin? You must be illiterate!”
Penang is now starting to feel like China.
I find it’s more common nowfor Chinese youngsters to converse in Mandarin than in Hokkien. I speak Hokkien to the hawkers and get told that I must be from overseas! The Penang sing-song Hokkien will soon disappear. It’s a shame.
Like Wong, I too avoid Penang during Chinese New Year – it’s just too hectic. My wife and I visit mid-year when there are no events, celebrations or festivals. This year, it’s May/June. Wonder if there’s durian around then!
Children admiring a Hokkien glove puppet
theatre performing 'Journey to the West' on a portable wooden stage at
the Little Penang Street Market.
Its decline has been progressive, but Penang’s Hokkien heritage is at its closest to death’s door as 2019 takes off.
LAST week, I returned to my hometown, Penang, to celebrate Chinese New Year. The family reunion meal with my father (who turns 94 this year) and (87-year-old) mother is an annual event I always look forward to.
It’s not possible to have my brothers (now in their mid-60s to 70 years old), their wives, children and grandchildren with us at the family event every time, but we get as many of them as we can. I have made it a point to host these pre-CNY meals because for the last few years, I have avoided being in Penang during the first two days of the actual celebrations.
That’s when Penang island’s roads get choked up and traffic comes to a complete standstill, the city desperately dealing with the homecoming of Penangites and tourists, especially during the second day of CNY.
The temperature on the island during the CNY season always seems to spike and at times, the scorching heat is almost unbearable. And that’s another reason why I withdraw from the otherwise lovely island during this festive period. As much as I yearn for my Penang hawker fare, I don’t want to jostle for a plate of char koay teow with tourists. But on this recent trip home, it hit me that I have become a stranger in my proud Hokkien-speaking island. The loss of the distinct northern-accented Hokkien has been apparent in the last few years but now it looks like its death may come sooner than feared.
It’s worse for a “banana” like me – a term to denote a person of Chinese origin who can’t speak or write Chinese, and instead, identifies more with Western culture. The term is derived from the fruit, which is “yellow on the outside, white on the inside”.
Those like me are regarded a disgrace to the Chinese-speaking community because I can’t read or write Chinese or speak Mandarin.
Their horror turns to disgust when I confess that I can’t even write my name in Chinese.
My decade of education was at St Xavier’s Institution, a Catholic establishment, and despite the religious background of the premier school, it had a liberal and open- minded culture that moulded most of its students, and this, us former students are enormously grateful for and proud of.
The multi-ethnic mix of the school’s population also means we had real friends from all races, developed and tested over a decade. So we always felt sorry for those who studied in Chinese, Tamil or Islamic-based schools then, because we felt their set up was mono-ethnic. And no matter how much the products of these schools claim they had friends from other races, we know they didn’t have the deep ties or bonds that those of us in English-medium schools developed.
Fast forward to 2019! Just like The Last Of The Mohicans – the James Fenimore Cooper historical novel realised in the 1992 movie about the last members of the dying Native American tribe, the Mohicans – it dawned on me last week that I could well be among the Last Of The Bananas in Malaysia.
At the Air Itam wet market, I asked for the price of the thee kuih, or kuih bakul, in Hokkein and the stall keeper, in turn, replied: “Oh, nee yau (you want) nian gao.”
A few steps away, another trader was loudly hawking ang pow packets, which, in previous times, would be referred to as “ang pow long” (red packets), but this time, I was hearing “hong bao feng”.
By the time I sat down at a coffee shop, the waiter was already taking down my order, again, in Mandarin, and quoting prices in that language, too. It was no longer “kopi” but “ka fei” now.
If there’s one clear feature that separates Penangites from the rest of the ethnic Chinese in Malaysia, it has always been the melodious Hokkien, with its rich sprinkling of Malay words that reveals its nonya-baba linguistic roots.
Penangites – at least from the older generation – are fiercely proud of their Hokkien, as it completely differs from the one spoken in Singapore, Taiwan or Xiamen in China, and even that in Melaka or Johor. Call us smug, snooty or parochial but we sometimes dismiss the Hokkien spoken elsewhere as somewhat crass and unrefined.
Only the Hokkien spoken by the Chinese in Medan closely mirrors Penang Hokkien, presumably because of the proximity between the island and the Indonesian city.
Whether rightly or wrongly, or plainly out of ignorance, Penangites feel the sing-song delivery is easier on the ears.
Words such as balai (police station), balu (just now), bangku (stool), batu (stone), cilaka/celaka (damn it), campur (to mix), jamban (toilet), gatai/gatal (itchy) gili/geli (creepy), sabun (soap) and kesian (pity), are an integral part of the Penang Hokkien dialect.
If the person is not from Penang, then he or she is likely from Kedah, Perlis or Taiping in Perak, to be able to converse in the northern-accented Hokkien. Which brings me to my point: As the daily use of the dialect is rapidly being replaced by Mandarin, I am feeling the impact the most. It is worse for the “bananas” who are feeling lost and out of place – in their home town.
It doesn’t help that many of the present Penang state and federal leaders aren’t from Penang, having been born and raised in either Melaka, Johor or Selangor.
The Penang Monthly bulletin, in its May 2017 issue, dramatically headlined the situation: “Penang Hokkien on life support”.
In an interview with the publication, Penang Hokkien Language Association secretary Ooi Kee How lamented that “our creativity, our cultural identity, will decline. A lot of innovations will disappear, because different languages shape the way we think differently.”
But the wide use of Mandarin and the decline of the dialects is not just endemic to Penang. Cantonese is spoken less in the Klang Valley, too, and is suffering the same sad fate as northern Hokkien. The random stranger who calls up, irritatingly “inviting” us to take up a loan having been “specially selected”, speaks to me in Mandarin because it’s assumed I can speak the language since I have a Chinese name. Likewise, the sales staff who stops us at the shopping mall also speaks to me in Mandarin, likely led by the same deduction.
So, as a “banana” who thinks and dreams in English, I am starting to suffer from anxiety. I am embarrassed by my inability to communicate in an important language – with huge economic value – and worse, the national language of my ancestral country.
At the rate, the Chinese language is being used, even by non-Chinese, I fear that I will be regarded illiterate in future. “Bananas” in the past ridiculed and mocked the Chinese-educated for not being able to speak English sufficiently, or roll their tongues well enough to produce the “r” sound, but now, it looks like the tables have turned on the “bananas”, instead.
A whole generation of Malaysian Chinese has been educated in Chinese schools, at least at primary level. It has been widely reported, from various surveys, that up to 90% of Chinese parents send their children to Chinese primary schools, and the balance to national medium schools.
As I have written here before, this is unlike the experience of the older generation of Penangites like me, now in their 50s, who attended schools using English as a medium of instruction. In the absence of Mandarin, we spoke mainly Hokkien and English, but people in their 30s and 40s are more comfortable conversing in Mandarin, and certainly not English.
Then there is the huge impact of Chinese TV shows, especially on Astro. They are entirely in Mandarin – with shows from mainland China and Taiwan – and Hokkien, which is spoken in a manner closer to that used in Melaka, Johor and Singapore.
It’s no surprise that the sales staff at malls also expect the Chinese community to speak Mandarin, and understandably, they will begin the conversation in Mandarin – because you are expected to know the language.
There is also the impact of China as the new economic powerhouse of Asia, if not the world. Mandarin has become the dominant language with economic value, and certainly prestige. That’s how it is now, but this may well come at the expense of a rich heritage.
The harsh reality is that the unique “sing-song” style of Penang Hokkien might no longer be heard decades from now if this frightening trend continues. Even worse, what’s certain is that the “bananas” will be history very soon.
Well, what can I say, except to wish you “xin nian kwai le” (happy new year) and “gong xi fa cai” (may you attain greater wealth) this festive season!
by Wong Chun Wai On The Beat
Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.
On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.
THE influential International Monetary Fund (IMF) has predicted slower global growth this year on the back of financial volatility and the trade war between the United States and China.
Turkey and Argentina are expected to experience deep recessions this year before recovering next year.
China, apart from fighting the trade war, is also experiencing its slowest quarterly growth since the 1990s, sending ripples across Asia. In the last quarter of 2018, China recorded an economic growth of 6.4%, which is the third consecutive quarter of slowing growth.
This has led to fears of China’s economy going into a hard landing and it possibly being the catalyst to spark global economic turmoil.
After all, it has been more than 10 years since the world witnessed the last recession in 2008 that was caused by a financial crisis in the US. If we are to believe the 10 to 12-year economic turmoil cycle, the next downturn is already due.
However, the economic data so far does not seem to suggest that the world will go into a recession or tailspin this year.
The bigger worry is what would happen next year.
The narrowing spread between the two-year and 10-year US Treasury papers would lead to banks being more selective in their lending. It is already happening in the US.
The impact is likely to be profound next year. When banks are more selective in lending, eventually the economy will grind to a halt.
But that is the likely scenario next year, assuming there is no fresh impetus to spur global growth.
At the moment, there is a significant amount of asset price depression due to slowing demand. The reason is generally because of the slower growth in China and the trade war.
China has fuelled demand for almost everything in the last few years. Companies and individuals from China drove up the prices of everything – from property and valuations of companies to commodities.
China itself is experiencing a slowing economy and the government has restricted the outflow of funds. Its overall debt is estimated at 300% of gross domestic product and banks are reluctant to lend to private companies for fear of defaults.
China’s manufacturing sector has slowed down because of the trade war. Companies are not prepared to expand because they fear the tariffs imposed by the US.
Nevertheless, the world’s second-largest economy is still growing, albeit at a slower pace. A growth rate of 6.4% per quarter is still commendable, although it is far from the 12% quarterly economic growth it recorded in 2011-2012.
The US, which is the world’s largest economy, is also facing slower growth this year. The Federal Reserve has predicted a slower economic growth of 2.3% in 2019 compared to the 3.1% the country recorded last year.
The ongoing US government shutdown is not going to make things easy.
As for Europe, the European Central Bank (ECB) has warned of a slowdown this year. The warning came just six weeks after the ECB eased off on its bond-buying programme that was designed to reflate the economy.
Business sentiments on Germany, which is a barometer of what happens to the rest of Europe, is at the lowest.
As for Malaysia, the country is going through an economic transition of sorts following the change in government. Government spending has traditionally been the driver of the domestic economy when global growth slows.
The new government has cut back on spending, which is a necessary evil, considering that many of the projects awarded previously were inflated. Generally, the cost of most projects is to be shaved by at least 10% – and some by up to 50%.
However, the projects with revised costs have not got off the ground yet and contractors have not been paid their dues. For instance, contractors in the LRT 3 project had complained of not getting payments for work done a year ago.
Fortunately, a new contract for the LRT 3 has been signed. Hopefully, the contractors will be paid their dues speedily and work recommences on the ground fast.
The volatile oil prices are not helping improve revenue for the government.
Domestic demand is still growing, although people complain of their income levels not growing. This is because companies as a whole are also not doing as well as in previous years.
Nevertheless, even the most pessimistic of economist is looking at Malaysia chalking up a growth rate of more than 4.5% this year, which is respectable. The official forecast is 4.9%.
One of the reasons for the optimism is that they feel government revenue is expected to be much higher than expected, giving it the flexibility to push spending if the global economic scenario takes a turn for the worse.
According to the Treasury report for 2019, federal government revenue is to come in at about RM261bil, which is 10.7% higher than in 2018.
The amount is likely to be much higher, allowing the government the option to put more money in the hands of the people. It also allows the government to reduce corporate taxes, a move that would draw in investments.
Malaysia has a new government in place. What investors are looking for are signs of where all the extra revenue earned will go. They are also looking for the next growth catalyst.
The trade war and financial volatility is causing structural shifts in the global economy. It is impacting China, the US and Europe.
Eventually, the global crunch will come, but it is not likely to happen this year.
The Belt and Road Initiative has been generating a lot of excitement at
Davos. It will direct investment in infrastructure across Asia over the
coming decade, but the ambitious project faces challenges in tackling
debt, supporting sustainable development and uniting a fractured
international community. How can the government and private sectors
harness the risks to guarantee the 1.5-trillion-U.S.-dollar investment
will succeed in kick-starting development and growth? Our diverse panel
reflects the global outlook of the project. We have Xu Niansha, chairman
of the China Poly Group; Heng Swee Keat, Singapore's minister of
finance; Ilham Aliyev, president of Azerbaijan, and Wang Yongqing, vice
chairman of the All-China Federation of Industry and Commerce. #Davos2019#BeltandRoad
Chinese VP calls for structural reform to address global imbalances
Chinese Vice President Wang Qishan on Wednesday called for further
development as a solution to addressing imbalances in the process of
economic globalization.
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Exclusive with China's top SOE watchdog, executives at WEF 2019
-- World Insight with Tian Wei talks to the Chairman of State-owned
Assets Supervision and Administration Commission of China on the
sidelines of the Davos forum. He shared his thoughts on the speed and
depth of reforming China's state-owned enterprises.
-- Tian Wei also put her finger on the pulse of reforms inside China's
top state-owned enterprises in exclusive interviews with the top
executives of China's Poly Group and China Energy. #WEF
https://youtu.be/dYVLW5DjBjA Huawei CFO has strong arguments in extradition case: Canadian diplomat
https://youtu.be/jB_OVG3c1DI
https://youtu.be/ztu32BnhPj4
https://youtu.be/ln_asabsHLI
FM urges Canada to make right choice
China urged Canada to "make the right choice" on Thursday, after Canada's ambassador to China John McCallum reportedly said the Huawei executive arrested in Vancouver at the request of the US has a strong case to fight extradition.
"Any one with normal judgment can see the nature of the incident, and we hope the Canadian side makes the right choice and not to 'pull someone's chestnuts out of the fire,'" Foreign Ministry spokesperson Hua Chunying said at a daily briefing on Thursday.
Hua's remark comes after McCallum told reporters earlier this week that Huawei's chief finance officer Meng Wanzhou has a "strong case" to fight an extradition request.
"I think she has quite good arguments on her side," said McCallum, CNN reported.
"One, political involvement by comments from US President Donald Trump in her case. Two, there's an extraterritorial aspect to her case; and three, there's the issue of Iran sanctions which are involved in her case, and Canada did not sign on to these sanctions."
Echoing McCallum, Huang Feng, director of Beijing Normal University's Institute for International Criminal Law, noted that the US extradition request has no merit as it does not follow the basic extradition principle of double criminality.
Double criminality states that a suspect could be extradited only if similar laws one breaks exist in the extraditing country. However, Canada has no such sanctions, said Huang.
Analysts stressed that even if the US files an extradition request at the last minute, it does not mean Meng would be extradited to the US, noting that every side has to weight their choice.
Such a request has to be reviewed and approved by Canada's judicial department and local court, and though Canada's judicial departments are unlikely to refuse the extradition, Huawei's legal teams could exhaust every means of judicial remedy in Canada to stop the extradition.
The US government alleges that Meng helped Huawei dodge US sanctions on Iran and has indicated it will file a formal extradition request by the January 30 deadline, CNN reported Thursday.
Wu Xinbo, director of Fudan University's Center for American Studies, told the Global Times that if Canada does agree to extradite Meng to the US in the worst scenario, bilateral ties will face unprecedented challenges.
The extradition will cause "downgraded diplomatic relations" between China and Canada, Wu said.
It will set a precedent of enterprises facing the harshest legal punishment for alleged misconduct they are charged of in a foreign country, said Wu.
US enterprises may face similar consequences in China, he said.
The current status of China-Canada relations does have a huge impact on bilateral exchanges and cooperation, but China is not responsible for that, Hua said.
The Canadian side has to take China's concerns seriously and correct its mistakes to change the situation, she said.
US extradition mirrors Iran sanctions: just don't have law on their side' on Huawei case
The US request to extradite Huaiwei Chief Financial Officer Meng Wanzhou goes against international law and mirrors its unilateral sanctions on Iran, which is opposed by the international community, Chinese Foreign Ministry said Wednesday.
The US extradition request mirrors US sanctions on Iran. However, as everyone knows, Huawei has repeatedly stated its compliance with all applicable laws and regulations of the countries in which it operates, said Hua Chunying, spokesperson of China's Ministry of Foreign Affairs.
Hua noted that China opposes unilateral US sanctions against Iran outside the UN Security Council framework. The sanctions are not in conformity with international law and have met with international opposition, including US ally Canada,she said.
Hua's comments came after the US Justice Department said on Tuesday it would continue to pursue the extradition of Meng and would meet all deadlines set by the US-Canada Extradition Treaty, Reuters reported, citing a statement released by US Justice Department spokesman Marc Raimondi.
Huang Feng, director of Beijing Normal University's Institute for International Criminal Law, told the Global Times this accusation is farfetched because she was allegedly accused of bank fraud at HSBC, a UK-based banking giant, not a US one, and Meng's activities were outside the US.
Canada's Department of Justice said an individual can be extradited if the alleged activity in question is recognized as a criminal in both countries.
Huang said that the extradition request cannot be passed by Canada unless the US offers solid evidence to prove that Meng violated the laws of Canada and the US.
The US action goes against international law and is unjustified, said Hua, noting that it is part of the country's political agenda to bully Chinese hi-tech firms and contain China's rightful development.
Huang also noted he found it strange that the Canadian ambassador announced the US request before the US formally send its extradition request. "Normally, none would publish relevant information unless it's formalized. So it seems like Canada is bluffing."
Ren Zhengfei, Meng's father and Huawei founder, said in an interview with foreign media on January 15, "I trust that the legal systems of Canada and the United States are open, just, and fair, and will reach a just conclusion," Ren said, according to a transcript Huawei released to media.
Meng case to further complicate China-Canada-US ties
Editor's Note:
The US has reportedly said to formally seek extradition of Huawei's Chief Financial Officer Meng Wanzhou. Since Meng was arrested on December 1 in Vancouver, the deadline for the US to file a formal extradition request is 30 January, 60 days after the arrest. What is the implication of Washington's move? How will it influence China-US-Canada relations? Global Times sought the opinion of two experts on the issue.
Li Haidong, professor with the Institute of International Relations at China Foreign Affairs University
US President Donald Trump has been deeply troubled by the government shutdown and the Russiagate investigation
As the deadline nears, Washington may be too busy coping with the shutdown chaos to consider Meng's case and make the formal extradition request. Ottawa is urging Washington to take the action.
Extradition is a strict cooperative law enforcement process between two jurisdictions. The US' filing a request does not mean that Canada must immediately send Meng to the US. Canada has to conduct a judicial review procedure to weigh the request, during which Meng's appeal will also be taken into account.
At least in the legal sense, if Meng's appeal is credible and convincing enough, there is a good chance that Ottawa would hesitate to transfer her to Washington.
Nonetheless, it should be noted that Meng's case is political in the garb of a legal procedure. If law is the only factor to be considered, I believe Meng will win the lawsuit; but when the political factors come into play, there would be increased uncertainty.
Meng's case is a long-running battle. As long as it is not resolved, it would be tough to iron out China-US-Canada relations.
Washington is unwilling to see any of its allies strengthening relations with Beijing, but China-Canada ties should not be affected by the Meng incident. Canada should abandon its role as a US puppet to sully China's image. The right thing for Ottawa to do is to immediately correct the mistake.
Chen Hongqiao, researcher at Guangdong University of Foreign Studies
Washington tends to make important decisions at the eleventh hour. It is used to taking a wait-and-see approach toward the two or more sides of the game, and then determine what measures to take.
In Meng's case, the US has its own strategic requirement. It needs to observe the interaction between China and Canada to make up its mind. If China takes a tough stance, the US would act prudently. If Canada requires support, the US will provide it.
Chinese Vice Premier Liu He will visit the US on January 30 and 31 for the next round of US-China trade negotiations. The US may proceed to file a formal extradition request for Meng just days before Liu's visit as a leverage to exert pressure on Beijing to pursue its interests in the trade talks. But the US side will not bring it up during the negotiations with Beijing.
According to Reuters, US President Donald Trump stated he would intervene in the Justice Department case against Meng if it is in US national security interest and US-China trade talks. His words signal that before Meng is extradited, he could apply the president's diplomatic prerogative to intervene. The US has a system of separation of powers and its judiciary branch is independent. If Meng is extradited to the US, it would be difficult for Trump to exercise his influence.
Canada claims to be a country with the rule of law, and will deal with the US request based on laws and will not hand over Meng without careful consideration. In fact, Ottawa has been disappointed with Washington, complaining that the US is competing with China at the expense of Canada. On the surface, Meng's incident is a legal issue, but politics and diplomacy play an important role.
Prepare for protracted game over Meng
The US Department of Justice confirmed on Tuesday that it will "meet all deadlines" to seek extradition of Huawei Chief Financial Officer Meng Wanzhou, signaling an extraordinarily high probability of the US filing a formal extradition request before January 30.
Washington's move will undoubtedly further intensify the dispute between the US and China over Meng's case. China must not bear any illusion and should prepare for more complicated games.
The Chinese government and media should continue to disclose and condemn that Washington and Ottawa have violated the basic legal spirit. Their sophistry must bear diplomatic and public pressure, and not to be left unimpeded in the international arena, as if Huawei did commit serious crimes.
Arresting Meng is obviously part of the US actions to crack down on Huawei. Anyone with a brain can clearly see Washington's intention to stop rising Chinese high-tech companies in the name of the law.
One thing should be made very clear: If Ottawa successfully assists Washington in the extradition of Meng, Beijing will retaliate against both of them without doubt.
The US' official request for extradition does not mean an immediate transfer of Meng. The Canadian court will then have a month to hear the US evidence and weigh the request before making judgment. Meng can also defend herself and appeal. This process may last a few months, or even years.
As a private company, Huawei is incapable of confronting the US and Canada's national system, but it can do its best to prolong the extradition process at most.
There has been a political purpose from the very beginning when news of Meng's case broke. Since Washington and Ottawa have vowed to declare that this is a 100 percent legal procedure, this political persecution must be strictly tested by their legal system.
Ottawa is stuck in the middle of Washington and Beijing, and involved in the whirlpool of geopolitical disputes. Being a US puppet is not easy. Canada may realize that it bears the blame for its ally. Its emphasis on acting by law is only a self-spiritual support in the current predicament.
Canadian public opinion is sensitive to any evidence of political persecution in this case, which can provide a potential favorable factor for Meng's defense and appeal.
Canada is a legal state under normal circumstances, and especially attaches importance to procedures and evidence. Although disguised as legal procedure, Meng's case, a case of injustice, is bound to have loopholes. Huawei has already shown its confidence in the upcoming litigation process.
China-US ties may also undergo certain subtle changes at any time which might dilute US political motives for persecuting Meng. We should never abandon such hope.
Meng's case has set an execrable precedent. Beijing's reaction will shape the world's understanding of China's national strength and will. Beijing must not be furious or cowardly.
We should take corresponding actions step by step in resolute and orderly manner, and show the world that Chinese are with reason and with restraint.
Any countries and forces that persecute Chinese citizens and infringe on China's interests will pay a heavy price. Global Times
Ottawa is now as sensitive as a frightened bird. A few
words by the ambassador should not have posed any impact on court
decisions. Nonetheless, judging from the reactions of many politicians
and journalists in Canada, McCallum's remarks are like a dreadful
monster.
Canadian Ambassador to China John McCallum admitted on
Thursday that he misspoke on the case of Huawei CFO Meng Wanzhou by
suggesting that she had a strong case to fight extradition to the US.
It's hard to accurately understand the potential of 5G
technology and its significance nowadays. More imagination should be
encouraged. However, referring to 5G competition as an arms race and
attaching so much importance to the dominance of the technology is
typical American thinking.
China's Huawei Technologies launched the world's first core
chip specifically designed for 5G base stations on Thursday in Beijing,
securing its leading position for 5G deployments in spite of political
pressure.
The Point: Is a Chinese-made subway new victim of espionage hysteria?
SC innovation, digital and strategy executive
director Chin Wei Min said those who have identified themselves to the
commission can operate up to March 1. “Even if they don’t want to be in
this business anymore, whatever they are holding, whether it’s money,
crypto assets or digital assets, should be returned to their clients.
Otherwise, we will take action.
KUALA LUMPUR: All companies engaging in digital assets will have to make themselves known to the Securities Commission (SC) by Friday, even if they have decided not to carry on once the regulatory framework comes into force.
This includes operators who are not registered with Bank Negara under the anti-money laundering and counter financing of terrorism – digital currencies (sector six) and those operating “underground”.
The SC will reserve the right to take action against those who fail to identify themselves by Friday on grounds of breaching the securities law.
SC innovation, digital and strategy executive director Chin Wei Min said those who have identified themselves to the commission can operate up to March 1.
“Even if they don’t want to be in this business anymore, whatever they are holding, whether it’s money, crypto assets or digital assets, should be returned to their clients. Otherwise, we will take action.
“The reason we also allow people to continue with their withdrawals and sell down is to ensure that there is an orderly market.
“The last thing we want is to cause confusion, and hopefully, there are no untoward fraudulent activities that people will capitalise on in this transition period and take advantage of investors,” he told a media briefing here yesterday.
While the regulation does not affect operators who are not incorporated in Malaysia, the SC can still take action against them under the Capital Markets and Services Act 2007 if the products are marketed, sold, or its operations exist in Malaysia.
Operators who identify themselves to the SC must state their intent, whether they want to resume their activities, of which certain obligations have to be met, or whether they want to wind down their business.
The SC will put up a list of operators and companies that have registered and received a letter from the commission for investors to check if their monies are with legitimate sources.
Chin also reiterated that operators are not allowed to accept new investors, list new products or conduct any sales and marketing activities during this period.
A statement by the SC last Thursday said platform operators would not be allowed to accept new investors and are only allowed to facilitate the withdrawal or transfer of client assets with the written instruction of investors.
They are also not allowed to conduct any initial coin offerings (ICOs) without prior authorisation.
Chin called on all ongoing ICOs to cease activities and the monies or digital assets to be returned to investors until the operators apply for authorisation and after they understand the SC requirements.
The guidelines are expected to be released by the end of the first quarter this year.
“If you are looking at the ones that are out there currently, the standards of the white paper are of low quality. It is important that this falls under regulated activity.
“We recognise that this is an alternative fundraising avenue. The idea here is to allow us to take out all the scams and fraudulent activities and at the same time, provide a platform for our early stage entrepreneurs to raise money,” said Chin, adding that the SC did not want people to take advantage of this as investors are pumping in money on the other end.
This is a high-risk investment and Chin also hinted that there could be a certain threshold for investors.
The Capital Markets and Services (prescription of securities) (digital currency and digital token) order 2019, which kicked in last Tuesday, will see those operating unauthorised ICOs or digital asset exchanges facing up to a 10-year jail term and up to a RM10mil fine.
The Finance Ministry said it viewed digital assets as well as its underlying blockchain technologies as having the potential to bring about innovation in both old and new industries.
How to escape a sinking car?
https://youtu.be/xJ8OJ2s7Sq4
GEORGE TOWN: The tragic crash on Penang Bridge, which saw a student killed after his car plunged into the sea, has raised a thousand questions.
Online commenters questioned the height of the railings, whether there should be a curfew for those aged above 18 as well as the need for responsible drinking.
Facebook user Asger Abdul Wahab questioned the height of the railing, on which people had stood to jump and commit suicide in the past.
“If the side railings weren’t low, at least the vehicle could have landed on the side of the bridge instead of going over the bridge,” he said.
For Sanush Jeyaratnam, the tragedy highlighted the need for a curfew, as suggested by the government, for those aged 18 and below.
One comment stated that those aged 21 and below should not be out after midnight without adult supervision.
Another Facebook user said the accident did not mean that alchohol consumption should be stopped as it was all about responsible drinking.
Junior Chamber International (JCI) George Town charter president Kyara Ng said the disaster sparked a discussion among their group members, who are aged between 21 and 26.
“I think there is a great need to continue to create more awareness about accidents linked to driving under the influence,” she said.
Defensive driving trainer K.G. Nah noted that when the driver in the black car on Penang Bridge overtook from the left, he went into an “oversteer situation” and all of the car’s weight was transferred to the front tyres.
“In an oversteer, even a trained race car driver will have trouble controlling the vehicle at high speeds,” he said.
He explained that when the rear tyres no longer hold the weight of the car, they lose traction and can no longer follow the lead of the front tyres, causing the car to skid out of control.
Another term for cars in this situation is “tail happy”.
Nah, who received a copy of the dashboard camera footage of the crash, said he watched it frame by frame but could not see the brake lights come on behind the black car until it crashed into the sports utility vehicle (SUV).
“For the car to go into an oversteer without evident braking, it was going at an incredibly high speed,” he added.
As for the SUV, Nah said it was tragic that it was hit in the rear left passenger door.
“Any car slammed in the rear flank will spin out of control and at that speed, the car flipped with enough force to roll over the bridge parapet and fall into the sea,” he added.
Below is Dr Wee’s letter in full:
