The Health of World Economies Will Depend On The Relationship Between China and the US

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

I am glad that China is committed to reducing its carbon intensity in accordance with the Paris Agreement, after years of negotiations with international world bodies.

This move will certainly improve the recurring radical global climate change and prevent sea levels from encroaching into land masses.

The relationship between China and the US of great concern as the health of the world economies will depend upon this relationship, as global unemployment figures will largely be dependent upon these two intertwined economies.

Neither countries can afford to be mutually exclusive especially during the Covid 19 pandemic that has battered many countries economically.

We do not need a double down whammy situation anymore as the entire world is struggling to survive economically already and further polarisations of countries are no longer the prevailing trends or formula for survival anymore.

The most imperative and most important agenda is to bring down the Covid-19 infections rate whereby some form of semblance will prevail and be normalised again and international flights can be resumed for FDI to prevail and for international cash flows to be resumed.

Many rich countries have stockpiles of reserves ready to be reinvested after the pandemic is over but we must also hope that this pandemic can be brought down under control and a killer “disinfectant” of this ferocious Covid 19 can be discovered pronto in order to avoid further depletion of any stock pile reserves for future usage and/or investments.

Already this virus has depleted the stockpiles of reserves of numerous countries. The rich countries will have to help the poorer countries to ensure a faster recovery.

The World Health Oorganisation (WHO) has pledged to help poorer countries to procure Covid-19 vaccines. This is admirable of WHO.

Another big question is how fast can these pharmaceutical companies produce these 100 million vaccines ordered by President elect Joe Biden? Will it take half a year or one year for the roll out, while people are still getting infected and dying before the vaccine reaches them?

Clearly many governments are going to bear the brunt of footing the costs of these free vaccines which will run into the billions of dollars. But I have the fullest confidence that if the entire world comes together and fight against this common enemy we will triumph against the coronavirus. Clearly this is a matter of political determination, will and a hunger for medical and political success.

Disclaimer: The views expressed in Your Say are those of the contributor, not the blog owner.

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

Our beloved Health director-general Tan Sri Dr Noor Hisham Abdullah and our dearly loved and very capable Prime Minister Tan Sri Datuk Muhyiddin Yassin has proclaimed that the Pifzer and Moderna vaccines will arrive in Malaysia somewhere in February.

I am very thrilled and happy to hear this news I read that  Japan, being a highly advanced, loving and very well-mannered superpower and country is going to be clinically testing these vaccines for three months, (wherever these vaccines are obtained from) to see if the vaccines are suitable for people with underlying health problems like diabetes, cardiovascular diseases, liver, kidney and/or those on dialysis treatments as well as those who already have cancer cells or chemotherapy are suitable to be injected with all these vaccines as it is a new and untested vaccine.

I would like to suggest to the public that they buy medical health insurance policies in case they encounter are any side effects after vaccination.

Why hasn’t the former US President Donald Trump, leader of the free world, take the vaccination himself?  This would reassure the whole world that these vaccines are safe and secure?

We must remember that Dr Anthony Fauci, an expert on infectious diseases, also mentioned that the immune durability and the life span of of these vaccines is only one year or less whereby we need to take the  jab once a year.

I did some research on the immunity period for Moderna and found that it is only 119 to at most, half a year meaning that we have to rejab once half/one year.

This would be a very costly protocol for most world governments as they need to be inoculated every six months or one year.

I will take the vaccine myself,  but not before showing the doctor my blood tests results.

What I also need to know is that after one year,  if I failed to take the second series of inoculation, will it be detrimental to my health?

It would be nice if  Dr Anthony Fauci can shed light on these concerns of mine.

Anyway, have a great 2021 but at the same time I am encouraging people to take the vaccines. If they are unsure about it,  they should consult their doctors.

Disclaimer: The views expressed in Your Say are those of the contributor, not the blog owner.

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

The economic situation in America is in dire straits meaning that an economic relief bill is paramount and for the first time I agree with former US President Donald Trump that the relief of USD600 is insufficient. It is a meagre amount.

USD600 in Asia will be used up in one dinner restaurant session.  I feel it should be upped to at least USD2000 per person.

Frankly I don’t know how are Americans going to survive without Federal funding from their government?

Rental moratorium will last only up to January 31st so after that what is going to happen? Another congressional and senate majority heated debate for another stimulus package after January 2021 again while millions of Americans will still face extreme adversity for additional Covid relief?

The narrative theme here is I know that Americans do not like emploring handouts as they have their own ego and self esteem triggering them into an unprecedented twilight zone situation.

The only fundamental and consistent constant for the Americans are jobs, jobs, jobs so that they can begin to be able to feed their families once again as Americans are proud and respectable people.

The government should re-structure the fundamental restoration of employment infrastructures so that people can start working again and start to take care of themselves and their families.

There are about 1,000 American billionaires that are wealthy beyond imagination who can easily bequeath their hard earned wealth to their next few generations.  I urge these billionaires found in every state of America to fund food banks until this pandemic is over and done with.   

As far as the car and loan moratorium issue is concerned, let the Joe Biden presidency come up with a viable financial/bank moratorium and financial formula. I have faith in the new President who has his talented cabinet team members by his side.  Among them, the newly-appointed Transport Secretary who is such an eloquent speaker and talented leader.

Ok thank you all, and have a great 2021 ahead for all of us.

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

The World Health Organisation has mentioned that their ultimate medical goal is to inoculate the entire world population so that economic, social and political stability can be restored to pre-pandemic times and travelling around the world can once again materialise.

Hence, economic activities will be re-activated and become vibrant once again.

May I request that the variant emerging from the UK be researched and resolved as we do not want to face a second wave of variant virus that is supposedly even deadlier than the first Covid 19 virus?

Nobody knows how long this virus mutation is going to prevail and all the best medical brains in the world are also baffled by this Covid 19 onslaught as everyone is tired and fatigued by this seemingly endless plague onslaught that has forced us to recalibrate a new normal lifestyle.

My second point is to congratulate all governors in the United States of America that is already battled tested for close to one year already, and everyone is clearly tired and I believe every governor is working overtime and burning the midnight oil and getting this problematic and deadly virus under control.

Bravo America and special thanks and motivation to all the governors in America who have worked so diligently.

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

The top priority for America and the rest of the world now is to curb and suppress the Covid 19 infection rates around the globe.

Every government in the world is scrambling for the Pfizer and later the Moderna vaccines as the political survival of many politicians worldwide hinges upon the curbing and the control management of this deadly virus.

As inoculations of every country’s populations are paramount and urgent in the world, we have to abide by the standard operating procedures in the mean time to prevent prevasive and uncontrollable spread of this deadly virus while every person in this world awaits his turn to be inoculated which might stretch into the end of next year and maybe even 2022.

The SOP is still very relevant to contain further spread and a prevent a black hole from spiralling out of control. Secondly economic resilience must also be restored so that people around the world will feel hopeful for themselves, their families and their future. Cut to the chase, economic prioritisation must be on the minds of all governments around the globe.

I really see that the merger of the Western countries and their Asian counterparts, especially China.  This must be a priority whether we like it or not and this has nothing to do with race or the fact that I am Chinese because if China has huge reserves amounting to the tune of USD30 trillion or even more with 3.15 trillion invested in the US treasury bonds.

If China buys another USD5 trillion of treasury bonds the US can afford additional stimulus package, and my beloved American friends who needs the money badly for the coming Christmas and New Year will benefit from this.

Trumpnomics targeting China has been a dismal failure plunging America into the worst reccesion/depression ever with more that 60 million Americans out of jobs and in desperate despair for economic survival.

Whether China will invest in factories or any other industry in America is subjectively up to President elect Joe Biden but remember there’s no nuance of a political agenda here but a fast track to absorb the unemployed in America.

Similarly American companies should be allowed to invest in China as well,  just like Tesla CEO Elon Musk, who is reportedly the second richest man on the planet.

I also propose that Westerners who speak fluent Mandarin be allowed to work in China, as well as the infatuation rates of Westerners loving Asia and eventually residing in China and Asia are also very high and they love it there.

By Michael Tay, Johor MCA Government Coordinating Affairs chairman.

First of all my heartiest congratulations to US President-elect Joe Biden and his beautiful vice president who was also the previous attorney-general of California, Kamala Harris.

We are also turning a new fresh page on the future of American future economic and political direction.

But whatever it is, I have the fullest confidence in Joe Biden and Kamala Harris. Both are also very talented and far-sighted leaders.

On the pandemic, thank God we now have Pfizer and Moderna that can alleviate the situation by at least 60% and the rest is abiding by the  standard operating procedures, and restoring the economic confidence for all Americans.

Whichever way that Kamala Harris and Joe Biden chose as their economic directions, let us support them.  However,  I would advise cautious calculations, moderation and a balanced approach to world trade unlike the stance taken by America’s predecessor who had created so much chaos and turmoil around the world.

Thank God Joe Biden and Kamala Harris both got elected, thus changing the dynamics of things.

Please release the vaccines to all of Asia with no preferencial or political treatments in the distributions of these vaccines.

Lastly I would like to extend my thanks to Dr Sanjay Gutpa and Dr Anthony Fauci who have been our guiding medical light throughout the pandemic.