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Wednesday, January 2, 2019

China’s Xi Urges Self-Reliance Amid Change ‘Unseen in 100 Years’

https://www.bloomberg.com/news/videos/2018-12-18/china-won-t-be-dictated-to-jinping-video
https://youtu.be/8A10yeIodrc https://youtu.be/sajhWARyFJM https://youtu.be/lX2cxhaagew

Chinese President Xi Jinping stressed self-reliance amid “changes unseen in 100 years,” as the country faced an economic slowdown and a more confrontational U.S. under President Donald Trump.

In his annual New Year’s Eve address, Xi stressed China’s capacity to weather the storm, citing a series of industrial and technological achievements in 2018. He said the government would keep growth from slowing too quickly and follow through on a tax cut as part of an effort “to ease the burden on enterprises.”

“Despite all sorts of risks and challenges, we pushed our economy towards high-quality development, sped up the replacement of the old drivers of growth, and kept the major economic indicators within a reasonable range,” Xi said.

The speech followed reminders of Xi’s twin challenges: another dose of weak economic data Monday and a phone call with Trump on Saturday touching on their trade dispute. China’s factories slid back into contraction territory in December, with the manufacturing purchasing mangers index dropping to 49.4.

Meanwhile, a U.S. delegation led by Deputy Trade Representative Jeffrey Gerrish was preparing for talks in Beijing next week that would test a tariff cease-fire established earlier in the month by the two sides. Trump said he and Xi spoke at length and that “big progress” is being made toward a deal.

Looking Ahead

Next year marks 70 years since Mao Zedong led the Communist Party to power -- a milestone that would surpass the Soviet Union. The anniversary underscores the urgency Xi faces in turning around stalled growth and investor confidence, while pushing forward an agenda of political reform that will strengthen his power.

The government launched over 100 reform measures in 2018, Xi said Monday, and stepped up efforts to improve standards of living.

“Our people are the country’s solid foundation and our main source of confidence to govern,” he said.

A little less than a year since he scrapped term limits, clearing the path toward his indefinite rule, Xi has seen his major initiatives -- notably the Belt and Road trade and infrastructure program -- draw international backlash amid the unprecedented trade war.

Over the next few months, March’s National People’s Congress and April’s Belt and Road Summit, both to be held in Beijing, could see the announcement of new regulations and investments meant to counter skepticism over Xi’s leadership.

China is already considering a new law on the practice of forced technology transfer that has drawn U.S. ire, and stepped up internal scrutiny of Belt and Road as poorer countries adopt a more cautious approach to China’s plans for what it regards as its backyard.

The country’s growth is still slowing as it transitions from a high-growth, export-led model to a consumer- focused state. Top economic policy makers last week pledged to exact “significant” stimulus policies this coming year.

— Bloomberg, with assistance by Shuping Niu, Dandan Li, and Fox Hu

Related:

2018: End of an era - Global Trends 

 

China will tread own path steadily in 2019

In the face of sudden escalation of China-US trade conflict throughout 2018, Beijing chose neither a concession nor a confrontation. The country has continued advancing and establishing its position as the world's second largest economy, maximizing its vitality and cooperation. Undoubtedly, that is China's lifeline to keep steady progress in an increasingly restless world.

https://youtu.be/FBABIdKFzfQ
https://youtu.be/S8Va_K4Omkc

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Tuesday, January 1, 2019

Hike in daycare & childcare centre fees in 2019

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MONTHLY fees at majority of daycare centres in Perak are expected to increase between 15% and 20% in 2019.

Fees between RM300 and RM350 for a child could be increased to RM400.

Perak Daycare Association president Noor Shalina Sahari said the increase was due to the implementation of the minimum wage policy for workers set by the Government.

The minimum wage will be streamlined at RM1,100 nationwide starting Jan 1.

Noor Shalina said the increase at the respective daycare centres would differ from one another, depending on the number of employees and the locality.

“The ratio at a daycare centre is three employees to one child.

“The centre would require five staff to handle children aged one to three while 10 workers are needed for those aged three and above,” she said during a grant presentation ceremony at the Urban Transformation Centre in Ipoh.

“To be honest, the rate in Perak is still considered low.

“Currently, our rates are between RM300 and RM350. Next year, it could be between RM350 and RM400,” she added.

Noor Shalina said the increase would also be based on the respective areas.

“If the daycare is located in an area where majority of its residents are from the low income group, the increase would be minimal.

“It would also depend on the respective daycare operators,” she said, adding that the association has 120 members.

“There will be no drastic increase, it will not benefit us also as we are also competing with those that are home-based and not registered with the Government,” she added.

Source: The Star by Ivan Loh


Childcare centres to hike fees in 2019 - Rates to rise by 10% to 30% to cover costs 

'Childcare providers are now required to have at least a diploma in early education'. - Norsheila Abdullah

PETALING JAYA: Taska (childcare centres) are expected to charge between 10% and 30% more next year to keep up with the minimum wage and to cover costs.

Association of Registered Childcare Pro­viders Malaysia president Norsheila Abdullah said this is unavoidable as the minimum wage for childcare providers has been fixed at RM1,100 and that they are increasingly becoming more qualified.

She expects the fee hike to affect all states as the minimum wage has been streamlined to RM1,100 nationwide starting Jan 1.

“I think the price increase is appropriate because they are receiving very low salary, between RM800 and RM900, and they deserve the minimum wage.

“Besides the minimum wage, other reasons for the increase include hidden costs such as childcare providers’ qualifications and overhead costs such as rental, electricity and water bills.

“Childcare providers are now required to have at least a diploma in early education and to be certified with the Permata Early Childhood Education Programme (KAP), a government-run course that costs RM900, and first aid training,” she said.

Currently in Kuala Lumpur, the fee per child in taska is typically no less than RM450 per month, said Norsheila.

The increase of taska fees would however vary according to the operating costs in the particular location, said Norsheila.

It is likely that only centres charging lower fees will increase them by 30%.

“How much the increase will be depends on the taska. If they are charging between RM200 and RM250, then maybe they will increase by 30% because they need to keep up,” she said.

Norsheila suggests that parents sending children to registered centres be given rebates by the government and taska which adhere to all the regulations be allowed tax exemption.

Selangor Taska Association president Mahanom Basri said taska operators should not haphazardly increase fees without matching it with quality service.

“We don’t actually want to increase the price without any reason. Most of the childcare providers have either a diploma or a degree and sometimes work more than 10 hours per day but they are lowly paid. So we hope the parents will understand and not be angry with us.

“If childcare providers are paid accordingly, they will take care of the children well and both parties will be satisfied,” she said.

While there are over 1,500 taska in Selangor, Mahanom gave assurance that there would be no standardisation of fees among the operators because they are still bound by the Competition Act 2010.

She said the Selangor state government has been assisting parents in need via incentives such as the Sikembar programme, whereby they subsidise RM100 for every child sent to a taska registered under the Community Welfare Department.

Mahanom added that there are also alternatives to the fee increase.

“Currently, I know of some taska operators who don’t want to charge the parents too much so they work out a compromise whereby the parents, as partners in education, would contribute items like rice and vegetables monthly to the taska so that it takes away a a bit of the operating cost burden,” she said.


The  Star by fatimah zainal

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Malaysian Minimum Wage Order forcing establishments to close due to unsustainable fees

  

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Parents opt for daycare centres with no live-in maids now



Friday, December 28, 2018

Year 2018 review: Huawei and the technology cold war, competition in spheres of influence

The Huawei stand is seen during the Mobile World Congress in Barcelona. Yves Herman / Reuters
Newspaper headline: A true multinational - A Huawei Technologies Co logo sits on display inside an electronic goods store in Berlin on December 17. Photo: VCG
2018 was the year that started the U.S.-China tech cold war. 2019 might be the year that splinters the global technology system into distinct spheres of influence.  

Whatever you call it, the U.S.-China science and technology relationship is being violently remade. While a tightly linked technology system benefited the United States and China over the last two decades, there is now widespread concern on both sides of the Pacific that the economic and security risks outweigh the gains. President Xi Jinping has embraced and accelerated policies designed to increase the innovativeness of the Chinese economy and reduce dependence on foreign suppliers. The Trump administration has put Chinese technologies policies front and center as a danger to U.S. economic and national security. The eventual outcome of this contest may be two distinct technology systems, with other countries forced to choose if they are going to plug into American or Chinese technology platforms and standards.

Over the last year, the Trump administration has pressured Beijing to roll back Made in China 2025 and worked to prevent the flow of American technology to China. Congress passed the Foreign Investment Risk Review Modernization Act, which expands the Committee on Foreign Investment in the United States’ ability to investigate foreign investment in “critical technologies”, and the Department of Commerce is expected to introduce new export controls on “emerging and foundational technologies.” In November 2018, then Attorney General Jeff Sessions announced a China Initiative to identify priority Chinese trade theft cases and evaluate whether additional legislative and administrative authorities would be required to protect U.S. assets from foreign economic espionage. The Department of Justice indicted two alleged hackers from the Ministry of State Security in December 2018 for stealing secrets from the banking, finance, telecommunications, health care, energy, and automotive industries.

Huawei, the Chinese telecom manufacturer, sits at the center of this new cold war. 5G, the next generation of mobile communication technology, promises greater speed and capacity, and will enable the internet of things, automated vehicles, and other innovations. It will also introduce new cybersecurity vulnerabilities. While U.S. officials have never publicly provided evidence that Huawei equipment has backdoors or been tampered with, they warn that allowing the company to be involved in the build-out of 5G networks raises unmanageable security risks, and they have steadily increased pressure on the company at home and abroad. In January, after scrutiny from U.S. regulators, AT&T walked back from a deal to sell Huawei smartphones in the United States. The Federal Communications Commission proposed making it harder for smaller carriers to use the Universal Service Fund to pay for future purchases of telecom equipment from Huawei. In August, President Trump signed a bill that prohibited any carrier with any substantial amount of installed Chinese telecom equipment from federal government contracts.

Washington has pressured its allies not to use Huawei. In August, Australia effectively banned Huawei from supplying equipment to develop the country’s 5G wireless infrastructure. In November, the New Zealand government rejected a local telecom's proposal to use Huawei equipment in its 5G network upgrade. In December, a major British telecom announced that it would remove Huawei equipment, and UK intelligence officials have flagged security shortfalls in Huawei software. Canada, Czech Republic, Germany, India, and Japan are reportedly considering banning or limiting Huawei. While not directly connected to the cybersecurity concerns of Huawei products, the detention of CFO Meng Wanzhou in Canada on charges she misrepresented subsidiary relationships in order to deceive U.S. banks into conducting business with Iranian telecommunications companies in violation of U.S. sanctions has raised the tensions around the company considerably.

The United States is also working with its allies to slow Huawei’s expansion in third markets. Australia objected after the Solomon Islands signed a deal with the company to explore building a link between it and the Australian mainland, and the government eventually stepped in and will pay for the bulk of the construction to keep Huawei out. Efforts by the United States, Japan, and Australia to stop Huawei in its efforts to build a submarine telecommunications cable to Papua New Guinea were not as successful when the country decided that it could not afford to walk away from a project that was more than half finished. As one minister put it, “Whatever views Australia or the U.S. might have in relation to cybersecurity, as far as Huawei or China are concerned, those are for the big boys to worry about.”

The race for 5G is far from over. U.S. companies hold a strong position in patents and technological development. Chinese telecoms are rapidly developing competing technologies, benefit from government support in roll out and implementation of 5G services, and often offer their products at prices twenty to thirty percent cheaper than their competitors. The challenge for Washington is to create an environment that supports innovation at home and a shared approach to 5G security with its friend and allies. The competition is likely to pick up in 2019, and the end result increasingly looks like separate spheres of technology influence.

Most Chinese feel West's growing containment of China, but optimistic about future: poll

China-US relations are the most important bilateral ties, and more Chinese listed the trade friction between them as the most impressive international event in 2018, according to a latest survey report on how Chinese people view the world.

China excels in testing year of 2018

After this tough year, China has more adequate policy and mental preparations, no matter how 2019 turns out. China needs to be well-prepared for difficulties. No external force can bring China down and those who try will pay a hard price. This is the confidence that 2018 has brought China.
A true multinational - Newspaper headline: A Huawei Technologies Co logo sits on display inside an electronic goods store in Berlin on