ICap global investor week

Global investor week @ 14.4.2019

US and China - illusion and truths - James Bradley

1. Bill Binny.

2. Americans need an enemy. Military spends trillion US$.

3. Swiss propaganda research. 

4. Michael Klare.

Huawei - is it a threat to the world? - Professor David De Cremer

1. Execution and re-election.

2. 81,144 Chinese employees own 98.6% of company. Ren Zhengfei 1.4%. Law pod China does not allow foreign ownership.

3. Iron triangle

a) face customer and developer relationship,
b) costly?
c) irony

4. Every employee is treated as a hero. Now he talks about imperfect heroes - tolerance towards failure n weakness. Failure in 50% of projectors are accepted.

5. Reflection.

6. Leadership is to get people to do better that so that he does less.

7. Adapt to changes. Adaptability requires openness.

China's economic strength versus her political strength - Victor Gao Zhikai

1. Deng Xiaoping introduced new concept of socialism with Chinese characteristic.

a) development is the hard truth.
b) Methodology: Practice is the only measure of truth.
c) Inviting foreign investors into China.
d) Sent hundreds of thousands of students overseas.

2. Lifting 600-700 million people out of poverty.

3. Important pillars of China's opening:

a) stability;
b) keep peace, internally n internationally;
c) development is the hard truth;
d) no complacency. Never despair or despondent.

4. Reform is a never ending process.

5. Megatrend: China's continued growth. China has no intention of overtaking US.

6. Reciprocating zero tax published on South China Morning postin Jan 2019.

How does Africa perceive China - Professor Peter Kagwanja

1. Avoiding Kindleberger trap - Failure of US to provide global public goods.

2. New architecture of providing global public goods.

3. 67 countries are participating in BRI, only 3 on Africa - Djibouti, Kenya n Egypt.

China's Belt and Road Initiative - implications for Asian countries and the rest off the world - Dr Goh Chor Ching

1. Needs for better connectivity. To China, it is based purely on profitability.

2. Improved logistic performance with better transport infrastructure.

3. From infrastructure expanded to power, telecommunication, e-commerce etc.

Understanding China - a country the world needs vs one that needs the world - Tan Teng Boo

1. Modernisation is not westernisation.

2. Mutual respect needed for sustainable development.