Wednesday, July 28, 2010
In the face of global financial turmoil, China’s measures to boost its domestic consumption and growth are seen as a gift to the world. This and other points of discussion were deliberated at INTI Subang’s Economic Forum entitled “Can China Save the World?”
Dr Richard Ebeling, Professor of Economics at Northwood University, USA; Mr Loh Chang Woo, co-founder and managing partner at CW Loh & Associates; and Dr Cheong Kee Cheok, Adjunct Professor and former Dean at the Faculty of Economics and Administration, Universiti Malaya articulated on China’s ability to sustain its current economic position, legal reforms to boost foreign investor confidence, ASEAN countries’ response to China’s rise, and US reaction to China’s progress among other things.
The thought-provoking discussions interlaced with humorous quips captured the attention of the audience consisting of over 250 students and faculty of INTI Subang. Mr Loh, who has travelled extensively in China to represent clients on legal matters, stated that given China’s pro-active efforts, he believed the country would be able to sustain its impressive momentum.
Dr Ebeling, a visiting lecturer at INTI, was of the view that China’s taking over as the global leader in the near future was unlikely. He explained that “America’s process of becoming a giant was not immediate and China would have to go through a similar process.”
Meanwhile, Dr Cheong, who serves as a consultant for the World Bank and the United Nations, believed that China’s economy would not be the only one to boom but will include India’s, Russia’s and Brazil’s. In fact, the acronym “BRIC” had been created for the economies of Brazil, Russia, India and China combined and these four economies are expected to become wealthier than most of the current major economic powers.
The forum was organized by INTI Subang’s Center for American Education and School of Business.
美国诺斯伍德大学的经济学教授Dr Richard Ebeling；罗章武律师事务所的创办人和执行合伙人罗章武先生；以及马来亚大学的经济与管理学院兼职教授和前院长Dr Cheong Kee Cheok阐述了关于中国有能力维持其目前的经济状况和法律改革，提高外国投资者的信心。东盟国家回应中国的崛起，而美国则反应中国的进展。
[July 26, 2010 KUALA LUMPUR] Chiv Songhak, esq and Mr Suon Visal, esq, the President and Secretary General of the Bar Association of Cambodia, respectively, visited Malaysia.