The New Economy Forum, hosted by Michael Bloomberg, has drawn business, political and thought leaders from around the globe to Singapore to tackle the most significant opportunities and challenges that are facing the next generation, according to Bloomberg.
Mr Bloomberg is joined at the event at the Capella Hotel on Sentosa Island by high-level attendees such as:
- Dr Sultan Al Jaber, UAE Minister of State and CEO of Adnoc
- Henry Kissinger, former US Secretary of State
- Janet Yellen, former Federal Reserve chairwoman
- Anwar Ibrahim, Malaysia’s prime minister in-waiting
- John Flint, HSBC chief executive
- Yana Peel, the CEO of Serpentine Galleries
Nearly all the 400 attendees are winners and big earners in China’s so-called reforms and opening up in 40 years, including the most influential financiers in the world.
Wang Qishan, Vice President of the People’s Republic of China, delivers a keynote speech after Michael Bloomberg, who may stand as a US presidential candidate in 2020, introduced him as “the most influential political figure” in China and the world.
“I first met him 15 years ago in a dinner at my house when he was mayor of Beijing and I was mayor of New York,” Bloomberg said.
“Today, he is the most influential political figure in China and in the world and he has played a key role in Chinese finance and politics for more than 30 years, helping to lead that country to a period of extraordinary growth, navigate challenges along the way, including the financial crisis of 2008.”
The atmosphere in the conference room smells weird with these words of flatter as we see awkward body reactions and eye expressions of the audience.
“In my lifetime, from growing up to maturing, I have tried to keep calm and have a clear mind,” Wang said from the ballroom, “When I hear words of praise, I fear that it is peng sha (an attempt to cause someone to fail by excessive praise). When I hear words of criticism, I don’t worry so much because these are bang sha (flatter to kill).”
“It is not easy to keep calm and have a clear mind, and people will often lose their head when they hear flattery.” Wang said calmly.
With his compliments back to Bloomberg, Wang said, “The history of New York is not that long, and yet you are the 108th mayor…Beijing has been the capital of China for several hundred years, and I wonder why there is not a mayor list. I would probably be the several hundredth mayor of Beijing.”
“History, the present, and future are closely related, and it is necessary to learn about China’s history and culture to understand its choice of path and system, and how they are supported by Chinese culture,” he said. “To understand the history of China in the past 70 years, one has to go back to the year 1840 when China was bullied and oppressed by imperialist powers. Since then, the unyielding Chinese people have been fighting to once again stand on their feet and achieve prosperity and strength.”
Once again, Wang is here to confuse the world that his government represents China and the Chinese people, and that the 70 years history under CCP rule is an undivided part of China’s five thousand years of civilization.
After the June 4th movement in 1989, President Jiang Zemin’s embrace of openness was accepted by most western nations who have hoped to see a new China onto the road of political reform for democracy after its economic success. But the west has been disappointed to see an increasingly close-door policy in the era of President Hu Jiantao and now a return to the Cultural Revolution under Xi Jinping.
These disappointed financiers, with their gratitude to Zhu Rongji and his successor Wang Qishan, have come to the Singapore island for a meeting, to recall their past friendship and cooperation and hope for future benefits that Wang Qi Shan will continue to bring them.
This New Economy Forum, which was several years in preparation, was to take place in Beijing, but was moved to Singapore in the midst of the months-long trade war. Its dates also clashed with the Shanghai import fair, which Beijing designated one of its priority events of the year.
President Xi’s “metaphor of the sea and pond” at the Shanghai Import Expo was repeated in Singapore by Wang Qishan, with his implicated interpretation that the economic turmoil in China was the product of Xi’s policies, not of Wang Qishan, the firefighter, and China’s only hope to solve economic problems.
Wang said China’s foreign policy will be determined by internal interests with the world at a new historical crossroads over the challenge of sustaining economic growth. He said China rejects any power politics or “cold war mentality” and “will remain open and let the markets work their magic.”.
He said that anger is not the correct response to resolve any issues arising from inequality stemming from economic globalization, which is “not a zero sum game”.
“Wang Qishan has been very careful in meeting his new friends with smiles and old friends with eye expressions both in the Middle East and Singapore. He has a great talent in such kind of tactics, over-taking any opponents in the west,” said billionaire Miles Kwok yesterday.
“Wang has been skillful in getting the world to blame President Xi for all the problems while hailing him to be the real leader of China for generations to come,” said Miles, “Wang is a state traitor in China. We also see state traitors outside China, in western countries. Those Wall Street financiers, who have collaborated with Wang Qishan and helped find refuge for his corruption money in foreign banks, are also our state traitors.”
On the trade war with the US, Wang said, “Both China and the US would love to see greater trade and economic cooperation;” and “The Chinese side is ready to have discussions with the US on issues of mutual concern and work for a solution on trade acceptable to both sides.”
“The world today faces many major problems that require close cooperation between China and the United States. It is our firm belief that China and the US will both gain from cooperation and lose from confrontation.”
His words were echoed by Henry Paulson, the CCP-friendly former US Treasury Secretary and now Goldman Sachs CEO who warned “a new cold war is brewing between China and the U.S. if both nations don’t take steps toward reconciliation.”
Paulson said that “big parts of the global economy will ultimately be closed off to the free flow of investment and trade” should the impasse continue, and “ that is why I now see the prospect of an Economic Iron Curtain — one that throws up new walls on each side and unmakes the global economy, as we have known it.”
Washington and Beijing have been involved in an increasingly bitter trade battle. President Donald Trump and Chinese President Xi Jinping are expected to meet at the upcoming G-20 summit in Argentina.
“The U.S. — China strategic interaction is by far the most consequential in the world. I am very sobered by the trajectory we are on now,” Paulson said. “And ultimately, I think it could pose a risk to the very functioning of the international system.”
Paulson said the Trump administration should turn down the heat on its aggressive rhetoric, reverse its decision to leave the Trans-Pacific Partnership and open up negotiations with China.
“There is no doubt in my mind that how the United States deals with China, and how they deal with us, will shape the geopolitical landscape for this century,” Paulson said.
Paulson’s idea was shared by Henry Kissinger, the former US secretary of state during the Cold War era, who said the challenge of avoiding a trade war between the United States and China is for both parties to outline their objectives clearer and where Washington and Beijing draws the line.
Michael Bloomberg gives special mention to Hank Paulson and Henry Kissinger for their friendship, advice and for shaping the world. He thanks the conference’s hosts, the Singapore government, according to Straits Times.
After Singapore, Henry Kissinger headed for Beijing to meet to President Xi yesterday. Kissinger said he is pleased to meet Xi in China again at a critical moment when Sino-U.S. relations have entered a new stage. He recalled that he had visited China many times over the past decades and witnessed China’s development, according to Xinhua.
No doubt that the era of Xi Jingping is reactionary, as the scandalous CCP regime under his rule has done too much evil in the past years. And the consequences are devastating: tens of thousands of foreign funded ventures have fled the country; more factories have collapsed; Millions have become unemployed; the stock markets are going downwards; the currency RMB has lost its value; prices are going up; over half of bank loans are bad; thousands of P2P companies went bankrupt; property companies cut prices deep to survive; brain drain is getting serious; local government debts are piling higher; law cases have flooded the courts; petitioning by people with grievances is overwhelming; religious persecutions are widely condemned; re-education camps in Xinjing are scrutinized; belt and road projects are questioned. The western world has formed a global anti-CCP alliance to counter the communist regime.
More and more Chinese has learned about the real face of Wang Qishan and other CCP officials as devils of state traitors. With a vicious nature, they are doomed to do more evil, but they are destined to fail too. The global forces of righteousness on earth would finally bring them into destruction.
Wang Qishan might still be dreaming that he is firm standing on the front stage of an important economic forum, but he must have also smelt the atmosphere of loss of confidence in his empty promises among his audience down the stage.
Let’s have some patience and await Miles Kwok’s Press Conference in ten days.
Everything is just beginning!
By Cloudy Seagail