Wednesday, February 15, 2017

There's No Stopping China

China is still viewed with some suspicion by some countries. And in one country, it is even viewed as an adversary.  

Donald Trump (left), for one, sees the country as being responsible for his country’s ills. It is regrettable that Trump looks at China through distorted lenses.
 
He forgets America has become very dependent on China, which is now the country’s third largest and fastest-growing export market.

And, as the owner of over $1.25 trillion in Treasuries and other dollar-based assets, China also plays an all-important role in funding America’s persistent budget deficits – in effect, lending much of its surplus savings to the latter – it is already grievously irresponsible in saving enough to support its own economy.
 
Thankfully, another American, Stephen Roach thinks otherwise.
 
On December 14, 2016 at a talk organized by the think tank Center for China and Globalization in Beijing, China, he had insisted it is vital for the world economy that China continues to grow solidly in 2017. Simply because China powers the world economy.
 
The economist (right) who is a senior fellow at the Jackson Institute for Global Affairs at Yale University and a former chairperson at Morgan Stanley Asia warned that should there be a dramatic slowdown in China, there would be a period of significant weakness we have not seen at any period since the end of World War II.
 
He had argued that world annual growth between 1980 and 2016 would have been just 2.7 percent – almost 25 percent less than the actual growth of 3.5 percent – without China growing at 9.7 percent during this period.
 
Roach also believes it is timely for China to demonstrate leadership during this period of uncertainty. More so, when the US of A which is the largest national economy in the world, is seen to be retreating under Trump.
 
Uncertainty because there has been a lot of push-back against globalization. That is what Brexit is all about. That is what the ascendancy of Trump is all about.
 
As China Daily sees it, China is the economic savior and a guarantor of continued stability of the world. Indisputably so.
 
No matter what Trump thinks of China, China is changing the world! China is already on lift-off mode! And there's no stopping China!
 
For three hours on Tuesday evening, I was on Level 3A in Block 2 at Menara VSQ @ PJ City Center. This was the venue for the Taman Indrahana Toastmasters Club and it was a Valentine's Day themed meeting. 















And so, each of us received a single rose made from a pandan (Pandanus amaryllifolius) leaf. 
  
Anyway, Vice President Education Kimberley Yeoh was kind to have offered me a speaking slot and which I gratefully accepted.

Therefore, I presented a CC #10 speech titled “The Kite Flyer” – this being my project speech #530 and my CC Round #41.

For your info, I completed this particular Competent Communication manual in just twenty-five days.

Better still, I was voted Best Speaker. Well-deserved, I'm sure!


 









am happy to report that this CC represents my eighteenth educational award I have earned in this 2016-2017 term.

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