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Friday, July 26, 2024

China is unable to save Malaysia which is corrupt and pro-Bumiputera - UM Researcher

Kuala Lumpur. Gambar Hiasan

KUALA LUMPUR: An Associate Researcher at the Institute of China Studies, Faculty of Arts and Social Sciences, Universiti Malaya described Malaysia as being in a dire situation for failing to end pro-Bumiputera policies and rampant corruption.


Writing in the South China Morning Post in conjunction with the 50th anniversary of China-Malaysia relations, Dr Michael Tai described China's investment will not cure the cancer that plagues Malaysia's economy.


"Malaysia's problems stem from corruption and poor governance, which are closely related to race-based privilege. Outsiders are in no position to fix it.


"Malaysia's progress continues to be hindered by affirmative action programs that give priority to the Malay majority over the Chinese and Indian minorities," added the Universiti Malaya Associate Researcher.


"This policy was supposed to end after 20 years but was replaced by the National Development Policy, which maintains the privileges of the bumiputra; the Malays regard it as a right," added Tai.


According to Tai, the pro-Bumiputera policy has also created an extreme state of corruption.


"Systemic corruption is so entrenched, that it is almost impossible to eradicate it without eradicating race-based privilege. In the last five years, the government has lost approximately US$59 billion to corruption, which Anwar considers a "major cancer" that weakens the economy, erodes morale,  and reduce confidence," Tai wrote again.


He also cited former Minister's view Trade and Industry (MITI), Tan Sri Rafidah Aziz who expressed regret at the "puzzling" loss of integrity so that no sector of society was spared from the "toxic abuse of power."


Tai also questioned the dependence on China which may not be as good as expected.


"Malaysia strives to capture that part of the supply chain is said to have left China due to the trade war.  But that hope may be in vain.  Although China has moved up the value chain, it remains competitive in low-value sectors.  It enjoys many advantages in terms of size, productivity, infrastructure quality, and industrial ecosystem.


According to Tai again, it is very difficult to compete with Chinese factories in terms of speed, cost, or quality, and it does not make sense for them to outsource or move to countries that lack skilled manpower.  Chinese entrepreneurs go where they can make a reasonable profit.


For Tai, the problem of Malaysia's nation building stems from poor governance and outsiders are not in a position to improve it.a tidak mampu selamatkan Malaysia yang korup dan pro-Bumiputera – Penyelidik UM


China tidak mampu selamatkan Malaysia yang korup dan pro-Bumiputera – Penyelidik UM

Wednesday, July 24, 2024

China designs a road map all the way to economic superpower status

China‘s high quality, high standard productive workforce developments

No coincidence that China becomes global highland of industrial innovation: Global Times editorial

Creating artificial political barriers will not suppress China's development and runs counter to the mainstream understanding in the scientific and business communities, harming the interests of the entire world.

On the heels of the just-concluded third plenary session of the 20th Communist Party of China Central Committee, a delegation of the board of directors of the US-China Business Council (USCBC), which include executives from the council and some US firms like Boeing Global and United Family Healthcare, have met with Chinese officials, highlighting US business community's deep interest in the outcomes of the third plenum and the intertwined and irreplaceable nature of bilateral economic
The Chinese leadership has put forward a comprehensive plan aimed at sustaining the country’s economic growth and national security for the next five years. “China is a remarkable example of a country, whose government drafts five-year plans covering development of rural land, tax reform, environmental protection, national security, the fight against corruption, and cultural development,” geoeconomic and geopolitical analyst Pepe Escobar tells Sputnik. Hong Kong, one of China’s economic locomotives, is set to play a particular role in the effort. Reinvented for 21st century Eurasia integration, the city has all it takes to profit as a key node of the Greater Bay Area, the southern hub propelling China to economic superpower status, Escobar points out. “The Western mantra that China’s economy is struggling to stabilize may be debatable,” the geopolitical analyst says. “5th columnists and outright Sinophobes across the West have gone bonkers on the current slowdown of the Chinese economy – complete with slumps in the financial and property fronts – running in parallel to all hybrid war strands of Chinese containment emanating from Washington,” he notes. “Fact: China’s GDP grew roughly 5% in the first semester; and the final plenum communique, released at the end of the four-day meeting, stressed that this should remain the ‘unwavering’ target for the second semester,” he stresses. Escobar stipulates that in China, economic and national security issues are inextricably linked. “On each and every front, what trumps everything is national security,” he concludes.
Editor's Note: In the height of summer, the eyes of the world are focused on Beijing, as the third plenary session of the 20th Communist Party of China Central Committee is being convened to draw up the next blueprint for China's ...

Tuesday, July 23, 2024

Malaysia lauds ICJ ruling on illegality of Israel's occupation of Palestine