Saturday, April 27, 2019

US Health Care: A Perspective

Friday, April 19, 2019


2014 was a mandate for hope and aspiration, 2019 is about confidence and acceleration: Narendra Modi
The first phase of polling and the people’s response have reinforced my confidence ....... I’m confident that we will be blessed by the people yet again with a massive mandate, with more seats than before. ........ In all the states that I’ve visited, I’m seeing unprecedented support. ....... Corruption weakens our country from within, I am challenging it. Dynasty politics weakens our democracy, I am challenging it. Terror threatens our nation’s very existence, I am challenging it. ‘Chalta Hai’ attitude held our nation’s progress hostage for a long time, I am challenging it. Forces of negativity try to obstruct an aspirational India from rising, I am challenging them. .......... There is such a mood against the Congress that, by their own admission, they are fighting on the lowest number of seats in a Lok Sabha election ever! ....... 2014 was a mandate for hope and aspiration, 2019 is about confidence and acceleration. 2014 was about some immediate needs the country had, 2019 is about what India wants! ......... UP is witnessing the double-engine growth phenomenon. Both the Centre and state governments have worked in tandem to transform lives. From investment to law and order to our work on Ganga, people have witnessed how a transformation is occurring in UP. ........ SP has repeatedly accused BSP of loot and corruption. BSP has repeatedly accused SP of goondaism and bad governance. I say that both are right about each other. ........ UP will vote for vision and not division. UP will vote for opportunities and not opportunism. UP will vote for development and not dynasty. UP will vote for those who put India First, not those who put Family First. ...... You can check any speech of mine. A large portion of it is dedicated to issues of development. However, it never makes headlines. ......... Deshbhakti is not a disease. Just as hyper-secularism was invented to strike at the root of India’s culture and ethos, similarly the terminology of hyper nationalism has been invented to portray deshbhakti in poor light. ...... because their sole focus is on attacking me, Modi has become a big issue. So, in a way, credit (for that) goes to the opposition. ...... India’s ranking on ease of doing business has risen dramatically, from 142 in 2014 to 77 now. And landmark reforms such as Insolvency and Bankruptcy Code (IBC) and GST have improved tax compliance. ........ Our motto, as I have said earlier, is to remove red tape and replace it with red carpet. The dramatic rise in Ease of Doing Business Rankings is evidence of our vision being translated to action. ......... Direct benefit transfers have taken middlemen and leakages out of the equation and put benefits directly in the hands of the people. Over Rs 1 lakh crore of the nation’s money has been saved from falling into the wrong hands. Government e-marketplace has ensured a level playing field for all kinds of traders in servicing the government’s requirements. Procurement within the government is now transparent, it benefits MSMEs and saves money. The previous financial year saw a four-fold increase in total value of transactions on the portal and doubling of number of sellers in the marketplace. ...... Abolition of interviews for certain government jobs has ensured that avenues for corruption and nepotism are cut down while merit is respected. ..... Allocation of coal and spectrum both witnessed massive scams under the previous government. We auctioned those in a transparent manner and ensured immense gains for the nation. ....... Getting passports, which used to take months earlier, is done within a couple of days. IT refunds arrive within days. Self-attestation is the norm now. ....... I can say with confidence that we have succeeded in removing Congress culture from our system. When I talk about Congress culture I refer to policy paralysis, corruption, nepotism, presence of middlemen, departments working in silos, projects being delayed, etc........ For MSME sector, loans up to a crore are now given in 59 minutes to the common man. Congress culture was telephone banking where their friends only got loans. Environmental clearances were cash clearance tools for Congress. They took 600 days and even then things were not proper. The period for environmental clearance have now come down to 150-180 days. ......... Earlier this year, we witnessed the first-ever diesel-to-electric converted locomotive made in Varanasi. This is something that the whole world recognised with awe. Coaches for some of the world’s metro projects are being made in India. India’s first semi-high-speed train, ‘Vande Bharat Express’, is a result of Make In India. ....... India’s defence manufacturing sector has got a new lease of life with greater impetus on Make In India. Our armed forces, who were made to wait for years for bullet-proof jackets, finally procured the jackets. It was not from a foreign manufacturer, but from our own facility. Of the total contracts signed, more than half have been signed with Indian manufacturers for procurement of defence equipment for the armed forces. It includes helicopters, radar, ballistic helmets, artillery guns, ammunition. The assault rifles that the world uses will now be made in a factory set up in Amethi. Now, the Naamdar can actually read ‘Made in Amethi’ on AK-47s. Do you think it was possible if Make In India was not working? ......... Japanese companies, famous for their engineering capabilities, are now making cars in India and then exporting to their own country. ...... When we came to office in 2014, India was attracting around $35 billion FDI. That number has almost doubled in the last five years. ....... Do you know that after the 1991 reforms, when Manmohan Singh was the finance minister, GDP growth rate came down to around 2%? ..... our target is to make India a $5 trillion economy ...... Our target is to bring India within the top 50 in World Bank’s Ease of Doing Business rankings. We have a plan to invest Rs 100 lakh crore in infrastructure in the next five years. We will create new opportunities of employment by providing support to 22 major champion sectors identified as main drivers of the Indian economy. We will also harness entrepreneurship to act as a force multiplier for job creation. We will give a boost to MSMEs and traders through special measures. ........ There have been 26 Pragati sessions so far and about 230 projects to the tune of Rs 10 lakh crore have been attended to. Projects pending for 34 years have been cleared. ........ GST has been evolving towards lower taxes. Already, 99% of items for the common people are now taxed on an average at half the pre-GST tax rate. Tax rates came down on over 80 household goods and many daily-use items attract no tax at all. Burden of taxes will keep reducing with GST. This is because GST has brought in ease of compliance for all, given that it is an online platform-based system with greater transparency. This has boosted ease of doing business. ........ Exemptions from GST for small businesses have been doubled from Rs 20 lakh to Rs 40 lakh. Small businesses with a turnover up to Rs 1.5 crore have a composition scheme where they pay a flat rate and file only one annual return. ...... To ensure that farmers’ income growth does not suffer, we declared MSP hikes that fixed the MSP at a minimum of 1.5 times the cost. ....... During the five years from 2009-10 to 2013-14, under UPA, only around 7 lakh MT of pulses and oilseeds worth Rs 3,117 crore were procured at MSP. During 2014-15 to 2018-19, under NDA, 94 lakh MT of pulses and oilseeds worth Rs 44,142 crore were procured at MSP by the government. This is more than a ten-fold increase. ....... For agriculture and rural development, we have promised to spend Rs 25 lakh crore in the next five years.

Thursday, April 18, 2019

AOC Should Write A Book

AOC should write a book that would be a page-turner (as in, a fast-paced account) account of when she decided to run to winning her primary. Well, the actual election was a foregone conclusion after she won the primary, so that part need not be covered.

It would be exciting. It would also be a handbook for people who might want to replicate that success elsewhere in the country which, I believe, would much please AOC.

The book would sell well and bring about financial freedom for AOC. That would be a good thing. That would free her to be more risk-taking. She is already plenty of a risk-taker. The book would free her from her congressional salary.

She is neck and neck to Donald Trump in terms of media attention, which is mind-blowing. But that would fool you into thinking people already know. Not the case. People don't know all the details. They do want to know.

I can see her playing a key role for Bernie in the fall of 2020 to get the young vote out. It is best there is a book out there before that so she maintains control of her narrative.

Her book might have a one-word title: Running.

Notre Dame Digital

The Digital Scan Of Notre Dame Offers Hope For Its Restoration

Wednesday, April 17, 2019

The Major Religions


The Jesus of History versus the Christ of Faith

Bernie Is Leading

And taking AOC around the country like she were his running mate!

Ronald Reagan also ran and lost one time. Then he ran again four years later.

Bernie is in better physical shape than Ronald. Because Bernie runs. Not run for president, which he does. But run as in jogging.

Bernie also has some other parallels with Ronald Reagan. He is very, very clear about a few basic things that also happen to be fundamental. That clarity comes from deep conviction.

He is a breath of fresh air.

It was Bernie who put Medicare For All on the national map. Now every Democrat running is for it. That is an achievement. It just makes sense. Medicare For All is arithmetic.

So right now it is looking like:

President: Bernie Sanders
Vice President: Kamala Harris
Fall 2020 Campaigner: AOC
UN Ambassador: Tulsi Gabbard
Secretary Of Labor: Andrew Yang
Texas Governor: Beto
Senate Majority Leader: Elizabeth Warren
Secretary Of Urban Affairs: Pete

Trump predicts 'Crazy Bernie Sanders,' 'Sleepy Joe Biden' will be 2 Dem 'finalists' in 2020 race
The 2020 Race Is Going Just Like Bernie Sanders Wanted The senator from Vermont is starting to think he will not only win the Democratic nomination, but beat Trump and become president...... The campaign is moving toward its internal $280 million target and savoring polls that have Sanders just behind Joe Biden, whom Sanders and his team expect will only go down once he gets in the race. The number of candidates keeps growing, lowering how many people it would take to come in first, beyond the 15 percent to 20 percent of primary voters who will stick with him no matter what...... Americans want Medicare for All, but are just anxious that Sanders wouldn’t be able to manage that or any of the other big changes that he’s promising. They believe a tightly-run campaign would demonstrate that he could run the country, too. .... he’s the only candidate with a sizable chunk of the electorate that won’t waver, no matter what, so a field that keeps growing and splitting support keeps making it easier...... Medicare for All has become a litmus test for many progressives, as has free public college tuition. ...... there was a band of young white guys in hockey jerseys playing a song about “cosmic dust” ahead of the Pittsburgh rally and staffing tables of merchandise with Sanders as a Sesame Street character and “Let it FUCKING Bern” written over a picture of a marijuana leaf

When Trump is calling Bernie "crazy," he is talking about Bernie's Einstein hair.

Bernie Sanders Imagines a Progressive New Approach to Foreign Policy Sanders had scarcely talked about foreign affairs in his 2016 campaign, but his framework had a natural extensibility. Under way in the world was a simple fight, Sanders said. On one side were oligarchs and the right-wing parties they had managed to corrupt. On the other were the people. ....... He begins the 2020 Presidential campaign not as a gadfly but as a favorite, which requires a comprehensive vision among voters of how he would lead the free world. ..... “reconceptualize a global order based on human solidarity.” ..... In 2016, he had asked voters to imagine how the principles of democratic socialism could transform the Democratic Party. Now he was suggesting that they could also transform how America aligns itself in the world..... Basic impression: same guy. ....... “How many people in the United States understand that we overthrew a democratically elected government in Iran to put in the Shah? ...... One condition that Americans had not digested was the bottomlessness of inequality. ....... “Twenty-six of the wealthiest people on earth own more wealth than the bottom half of the world’s population. Did you know that? ..... “twenty-six people, 3.6 billion people. How grotesque is that?” ...... “When I talk about income inequality and talk about right-wing authoritarianism, you can’t separate the two.” ....... his thesis had always been that money corrupted politics, and now he was tracing the money back overseas ...... as emergencies in Libya, Syria, and Yemen have deepened, the reputation of Obama’s foreign policy, and of the foreign-policy establishment more broadly, has diminished ....... She and others now see in Sanders something that they didn’t in 2016: a clear progressive theory of what the U.S. is after in the world. “I think he’s bringing those views on the importance of tackling economic inequality into foreign policy ........There has been, he went on, “a bipartisan assumption that we’re supposed to love Saudi Arabia and hate Iran. And yet, if you look at young people in Iran, they are probably a lot more pro-American than Saudis. ...... But they also have more democracy, as a matter of fact, more women’s rights, than does Saudi Arabia...... Sanders seemed to oscillate between proposing a characteristically transformational reimagining of American policy at the grandest scale and, in specific cases, more complicated approaches ...... In Sanders’s account of global affairs, Americans have been as likely to be villains as heroes. Six trillion dollars had now been spent on the war on terror since 2001. “It’s an unbelievable amount of money,” he said. “Is this going to go on forever?” Seven hundred billion dollars was being sent annually to the military, he noted. “Do we really need to spend more than the next ten nations combined on the military, when our infrastructure is collapsing and kids can’t afford to go to college?” ......... whether the most powerful nation on earth is excessively capitalist or sufficiently democratic....... whether the existential challenges of climate change create a moral imperative for deep structural reforms, including the abolition of the filibuster and the Electoral College ....... it was hard to see much evidence for the global popular movement against the right that he hoped to ignite. ...... That is the optimistic scenario: that climate change will bring about a new spirit of international coöperation........ Power revealed steeliness in Obama, and an instinct for the consensus, and caution. ..... he has bent the Party’s policies and priorities so that they largely match his. ...... the fiery-sermonizer figure is in retreat, and he is sounding notes of caution. Most of the other Democrats running for President have embraced broad structural reforms: the Electoral College must go, and perhaps the filibuster. Not Sanders. On Palestine, he now invokes the tradition of Carter and Clinton. If the newer candidates must demonstrate and defend their beliefs, then Sanders is undertaking a more subtle task, in trying to accomplish a turn in his public character as he nears eighty: to extricate the person from the ideology, and to suggest that he is not just a revolutionary but also a safe pair of hands.
Bernie Sanders acknowledges 'serious problem' at the border, demands 'sensible immigration reform'
This is how Bernie Sanders thinks about foreign policy The senator wants to create a global democratic movement to end oligarchy and authoritarianism..... has a consistent foreign policy thesis: income inequality and authoritarianism are intricately linked. .......... Create a global democratic movement that counters authoritarian leaders from Russia to Saudi Arabia as a way to improve the lives of billions around the world....... “The United States must seek partnerships not just between governments, but between peoples” ...... the senator explained that the US shouldn’t pick sides in ongoing geopolitical feuds, like Saudi Arabia vs. Iran or Israelis vs. Palestinians. ..... Musgrave had the same concern. “Financial firms in London, Geneva, and New York, including their intermediaries in places like the Caymans and the Channel Islands, play a big role in helping to preserve international oligarchs’ wealth,” he told me. “Presumably a President Sanders could deal with New York’s role in domestic politics — but how would he seek to shut down other countries’ financial networks?” ...... Sanders seems to think authoritarianism and oligarchy cause most of the world’s problems. “It comes a little close to a ‘Theory of Everything’” ...... When he was in the House of Representatives in 1998, Sanders famously grilled then-Treasury Secretary Robert Rubin on IMF loans to repressive governments. And in 2015, he blasted the IMF for imposing austerity measures on Greece as a condition to receive economic aid during its financial crisis. ...... “At a time of grotesque wealth inequality, the pensions of the people in Greece should not be cut even further to pay back some of the largest banks and wealthiest financiers in the world.” ...... “It’s a vision in which international economics would be subordinated to a vision of political relations and human rights that would be as big a departure from Clintonism as Trumpism, just in a different direction,” Musgrave said.
Bernie faces voters in the heart of Trump country

Imran Khan Could Bring Peace

The formula for peace in South Asia is simple. And the case for it is compelling. And Modi might find in Imran a partner that he sought in Nawaz but did not get. Nawaz simply did not command respect from the Pakistan Army. Imran does.

It was not realistic for Imran to expect Modi to play game before the elections in India. But once the elections are over, and Pakistan bashing has delivered the votes, Modi might want to finally reach out. It might start with an accidental bumping into Imran at some summit where the two might find themselves. And then things could snowball.

The attack in Kashmir that brought the subcontinent to the brink of war, ably defused by Imran by the simple release of an Indian pilot, might also be the event that pushed Modi to a renewed mandate. Looks like Modi will win and come back as Prime Minister. But nobody knows. Predicting elections in India is not a science.

Modi's BJP might be able to strike peace with Pakistan in ways the more socially moderate Congress Party might not. It often takes the hard right to make the compromises. Because there is no one to the right warning the people you might sell out.

The case is that it has been long enough. The solution is to accept the Line Of Control as the permanent border which, by the way, might also be the formula for the longest disputed border in the world, that between India and China.

Before the British came along there was no clear border between India and China. There was no line. The idea of the border as a line is a modern invention. Back then the border was a frontier. Nobody who crossed the frontier ever knew where India ended and China began. You trekked for hours through uninhabited land. Until you came to a settlement, it did not really matter what country you were in.

Recognizing the LOC as the permanent border would normalize relations between India and Pakistan. Kashmir might remain two, but then, hey, so does Punjab. But with a normal border, there might be trade, travel, and tourism between the two Kashmirs and the Kashmiris might experience normalcy after long decades. The two countries might be able to pull their armies from the border.

The tension is a political sinkhole. Political capital that should be going to issues like poverty go to a war that never happens, can not happen. It is stupid.

That India will get Pakistan occupied Kashmir is fiction. That Pakistan will get India occupied Kashmir is fiction. That Kashmir will become an independent country is fiction.

If Modi and Imran can bring permanent peace, they will win the Nobel Peace Prize. Modi wondered why he was not awarded the Nobel Peace Prize after he settled the border between India and Bangladesh. Well, nobody really knew there was a dispute there. But the whole world knows about the border dispute on the other side. Figure that out and win the Nobel.

Imran is on the Time 100 List this year. If he can work with Modi and bring peace, he will be Time Person Of The Year. Might as well. And 2019 will be 1992 all over again when he put Pakistan on the world map by winning the Cricket World Cup.

But the cover of Time magazine is less important. Even the Nobel is less important. What is truly important is peace will allow the two countries to truly tackle poverty.

Monday, April 15, 2019

AOC's Path Ahead Is Primarily Digital

AOC's path forward might primarily be digital.

Nancy Pelosi just won't stop trolling Alexandria Ocasio-Cortez

This comment from Steve Bannon is interesting. In that Bannon thinks it will be a Harris-Beto ticket on the Democratic side.

Harris is for Medicare For All, and for the Green New Deal, but she is very clear she is "not a Democratic Socialist." Beto has pretty much abandoned Medicare For All. Of the Dems that are doing well in the polls, these two are in rhetoric more to the center. In the US political system, the label socialist is still weight around the neck.

Democratic candidates may find it hard to 'change the channel' from Trump
Andrew Yang: We're undergoing the greatest economic transformation in our history For Americans who are still trying to figure out why Trump is President, the answer is simple -- we automated away millions of manufacturing jobs in the Midwest, and Trump spoke directly to the fear and anger of those voters. He promised them that he would restore those jobs -- a promise on which he has notably failed to deliver. Here's the reality, though: The financial crisis of 2008 brought our 14 million manufacturing jobs (itself a low plateau from the 17 million in 2000) down to 11.4 million, and 10 years of expansion has only brought us back up to 12.8 million...... But what happened to manufacturing workers will soon happen to retail workers, call center workers, fast food workers, truck drivers and others, as the next Industrial Revolution takes hold of our economy. ..... automation will disrupt jobs at about three times the rate of the Second Industrial Revolution, which sparked thousands of strikes and mass riots at the turn of the 20th century...... The challenge for the Democratic Party is to solve the problems that got Trump elected...... We are undergoing the greatest economic transformation in our history, and we are dealing with it by pretending nothing is happening..... it is not immigrants who are causing economic dislocations. It is technology and an evolving economy...... We must reformat our economy ..... It would be paid for by a new tax that falls most heavily on the big winners of artificial intelligence and robotics, such as Amazon, Google, Facebook and Uber...... We must separate access to quality health care from one's employment ...... a human-centered capitalism....... we need to build a trickle-up economy from our people, families and communities up. ..... a time of unprecedented technological change...... the path is not left or right, it's forward...... More than 90,000 of these individuals have donated an average of $18 to our vision, and we are set to make the debate stage in June....... Trump is the symptom, not the problem. His solutions are to turn the clock backward, build the wall and bring old jobs back. I'm suggesting we do the opposite -- accelerate our economy and society and move us forward to solve the problems that got him there in the first place.
Alexandria Ocasio-Cortez really thinks there’s still a way to impeach Trump
Pelosi rips AOC, says her posse in Congress is ‘like five people’ In a recent interview with USA Today, the House speaker pointed out that votes are more significant than Twitter followers — a remark that was also interpreted to be a dig at AOC. ....... “While there are people who have a large number of Twitter followers, what’s important is that we have a large number of votes on the floor of the House,” Pelosi said.

Tuesday, April 09, 2019

Huawei Founder Ren Zhengfei

Huawei Founder Ren Zhengfei

every Chinese person was allotted only one-third of a meter of cloth. That amount could be used only for patching. So I never wore clothes without patches when I was young. ........ Back then, China was in complete chaos ..... When we just arrived at the site, it was dozens of square kilometers, and there was no housing at all. So everyone slept on the grass. ..... shabby housing that provided little shelter from the rain and wind. It was minus 20-something degrees Celsius outside ..... This was the first time that I had learned what the world's most advanced technology looked like. ...... we learned to endure hardship. ..... Our housing was very shabby, so we constantly felt cold as it could not protect us from the wind. Just imagine, the temperature could drop to minus 28 degrees Celsius....... There was no supply of fresh vegetables at all, so we had to pickle some vegetables like cabbages and radishes we got in autumn in large concrete pots, and rely on pickled foods for six months at a time. Our staple food was sorghum. It was far from delicious....... But I was happy then, because if you read too many books in other parts of the country, you could get criticised. The factory was probably one of the few places that people could read. ....... My dream back then was to reach the military rank of Lieutenant-Colonel before China disbanded its military forces. Unfortunately, that did not happen. So I'm just a veteran without a military rank. ....... In the end, I invented that instrument.... the country was trying to find readily available examples to demonstrate that science and technology were valuable. My little invention was exaggerated into something really big and it was promoted in various media outlets, including newspapers, magazines, movies, etc. And because of such massive publicity, luckily I was chosen to be a member of the National Science Conference........ that is a time when you had to be a Communist Party member even to become the head of a cooking team in the military. I was selected to attend the National Science Conference, but I was not a Communist Party member. My supervisor felt that was really strange, so with the help of party organizations, I became a Communist Party member. The reason I was not a member was not because I did not do my job well enough. It was because of my family background....... My father was labelled as a “capitalist roader”....... for an educated person back then, an intellectual, his or her background or history would be much more complicated than that of a cadre among farmers and workers........ I was a complete technical geek back then. Today, I still love my country. I support the Communist Party of China. But I will never do anything to harm any other nation. ......... over the past 30 years, our products have been used in more than 170 countries and regions, serving more than 3 billion users in total. We have maintained a solid track record in security. Huawei is an independent business organisation. When it comes to cybersecurity and privacy protection, we are committed to siding with our customers. We will never harm any nation or any individual. Secondly, China's Ministry of Foreign Affairs has officially clarified that no law in China requires any company to install back doors. Neither Huawei, nor I personally, have ever received any requests from any government to provide improper information............. Customer-centricity has been at the very core of Huawei's business operations since our founding. We will never do anything to harm the interests of our customers. Apple is an example we look up to in terms of privacy protection. We will learn from Apple. ....... As Meng Wanzhou's father, I miss her very much....... We are a private company, so we are able to remain committed to our long-term ideals........ Over the next five years, we are going to invest a total of more than 100 billion US dollars into R&D. Public companies, however, are unlikely to do this ....... Our decision-making system is different from public companies. It is very simple, and we are working hard to make the information society a reality. ...... We have 96,768 shareholding employees. Just a few days ago on January 12, we completed the election of the new representatives of shareholding employees at 416 polling stations across over 170 countries and regions. ....... Eventually, we will come up with 115 representatives for all shareholding employees. The Representatives' Commission, consisting of these 115 employees, is the highest decision-making authority in Huawei, and the company is owned by our 96,768 shareholding employees. ......... There is no single individual that owns even one cent of Huawei's shares without working at Huawei. There is no external institution or government department that owns our shares, not even one cent's worth. ........ When I got demobilised from the military, my wife and I received a total of CNY3,000 as compensation from the military. At the time, a minimum of CNY20,000 was required as registered capital to start a company in Shenzhen. By pooling funds from different people, I managed to get CNY21,000 to register Huawei......... Today, the total number of shares that I personally have within Huawei is 1.14 per cent, and the stake that Steve Jobs had in Apple was 0.58 per cent. That means there is still potential for my stake to be further diluted. I should learn from Steve Jobs. ........ For Huawei employees, whether they are Chinese or non-Chinese, if they violate local laws, we'll always cooperate with the investigations. ...... Within Huawei, we have a very sound internal and external compliance management system. The idea is to prevent those wrongdoings or bad things from happening. ..... In the cloud era, our society is becoming more and more complex. If we do not govern our behaviour through discipline, we might get overwhelmed....... Some countries have decided not to buy equipment from Huawei. Therefore, we can shift our focus to better serve countries that welcome Huawei. We can build high-quality networks in those countries to prove that we are trustworthy. Therefore, it's like a peaceful race from a technical point of view, and I think that is fair. ......... we are not a public company – we aren't overly concerned about beautiful numbers, or a nice-looking balance sheet. If we are not allowed to sell our products in certain markets, we would rather scale down a bit. As long as we can feed our employees, I believe there will always be a future for Huawei. ......... right now our R&D investment averages 15–20 billion US dollars per year. That puts Huawei in the top 5 position across all industries in the world in terms of R&D intensity. In total, we have been granted 87,805 patents. In the United States, we have registered 11,152 core technology patents. We are actively involved in 360+ standards bodies, where we have made more than 54,000 proposals. ........ In terms of 5G, we have signed 30-plus commercial contracts today, and we have already shipped 25,000 5G base stations. We have 2,570 5G patents. I believe that, as long as we develop very compelling products, there will be customers who will buy them........ If your products are not good, no matter how strong you go for publicity, nobody will buy them. So what matters to Huawei more is working to streamline our internal management, improve our products, and improve our services........ Huawei is the only company in the world that can integrate 5G base stations with the most advanced microwave technology. With that capability, our 5G base stations don't even need fibre connections. ....... Those countries may voluntarily approach Huawei and ask Huawei to sell them 5G products rather than banning Huawei from selling 5G systems. We are a company that is customer-centric; therefore I think it is possible that we will sell our equipment to them ........ I think the 5G standard serves as a very good foundation for humanity to move toward an intelligent world. Arbitrarily dividing technology into two different camps will only harm the interests of the world. ...... Personally, I strongly support unified global standards....... I have one son and two daughters, and I do not think my relationship with them was very close. As a father, I feel indebted to them. I once talked to all of them, asking if they would prefer we spent more time together as a family. The alternative I gave them was that I would build a platform upon which they could grow. Their response was, alright, we would choose a platform for our professional development.......... Within Huawei, Huawei's management system is one based on processes. Processes are cold things, and I do not directly supervise Ms. Meng's responsibilities, so we don't have a strong connection in the workplace, either. ........ the message to the US that I want to communicate is collaboration and shared success. In our hi-tech world, it is increasingly impossible for any single company or even any single country to do the whole thing........ In an information society, interdependence between one another is very significant. And it is these inter-dependencies that drive human society to progress even faster. The information society we are going to see will be massive. And for any single market opportunity, it cannot be sustained or supported by any single company. Instead, it calls for the concerted efforts of thousands or even tens of thousands of companies working together......... If countries or companies are frightened, let's say, by the detention of certain individuals, then those potential investors might be scared away, and the favourable environment created by tax cuts will not perform to expectations......... We are like a small sesame seed, stuck in the middle of conflict between two great powers........ The trade conflict between China and the US has not had a major impact on our business. We are expected to continue our growth in 2019, but that growth will not be greater than 20 per cent........ some people in the West believe that Huawei's equipment is stamped with some sort of ideology. That is as silly as people smashing textile machines back during the industrial revolution, as they thought advanced textile machines would disrupt the world. ....... we have made it clear in our corporate policy and fundamental business principles that we must abide by all applicable laws and regulations in the countries where we operate, including all applicable export controls and sanction laws and regulations of the United Nations, the United States, and the European Union. ......... There was nuclear leakage in Fukushima. People were evacuated from the affected areas, but Huawei employees went to the affected areas to restore telecommunications equipment. Huawei employees risked their lives and restored 680 base stations within two weeks. ....... Meng Wanzhou also flew from Hong Kong to Japan during that time. There were only two passengers on that flight. ........ a tsunami that happened in Indonesia. 47 Huawei employees restored 668 base stations in affected areas within 13 hours, supporting the disaster relief efforts......... In a lot of African countries, there is not only war, but also very serious disease. A lot of Huawei employees have contracted malaria. A great number of Huawei employees often go to war- or disease-affected areas to do their job. ......... We're able to do these things partly because we are not a public company, so we can work truly for our ideals, and for the greater good of society. Public companies tend to focus more on their financial numbers. ......... I also visited a village near Mount Everest at an altitude of 5,200 meters, as well as the base stations nearby. I told everyone that, if I'm personally afraid of death, how could I motivate my people to charge forward?........... we shouldn't allow suspicion to confuse the facts ........ President Jiang Zemin once came to visit Huawei. That was a time when Huawei was very, very small, and the floor, made of cement, was still wet, not even dry yet. President Jiang did not give any specific instructions. ..But he did encourage us to work harder............ The only reason Huawei exists is to serve our customers. ...... If authority is not tempered by constraint, it will hinder or even destroy our shared values. .......... our Articles of Governance are designed with the idea of realising a division of authority, shared progress, and checks and balances. This will ensure that the authority flows in a closed loop, and renews itself with every circulation......... The company cannot place its future squarely on the shoulders of any single individual. ....... we must stick to collective leadership ........ we completed an election that was attended by 96,768 employees across 170 countries and regions. This whole governance structure is meant to form a new institution of authority. ........ our shared values, essentially customer centricity and customer value creation ....... We have several layers of different governance bodies. For each level of governance, the roles and responsibilities are focused and clear. There are divisions of authority, while at the same time checks are conducted and balance is maintained. That will help prevent authority from becoming too concentrated. ........ one governance body within Huawei is what we call the Core Elite Group. The members of the Core Elite Group used to be board members and members of the Supervisory Board. The Core Elite Group is intended to safeguard the long-term interests of Huawei, and also is entrusted with the authority to select governance leaders. We drew inspiration from a famous European management guru, Fredmund Malik, when we designed this governance structure. ....... Seniority does not matter when we select board members. Members of the Supervisory Board are selected based on integrity. They oversee the performance of the board members and other senior executives. ........ We currently have three rotating chairmen. Each of these takes turns to be in charge for six months. During those six months, that individual is the highest leader in Huawei. ......... The Executive Committee consists of seven executives. They will vote, and a majority must be achieved before any motion can be then presented to a plenary session of the Board of Directors. ........ I don't know exactly who my successor will be. Successors will naturally appear during this circulation, and this process of renewing authority. It's not someone that I appoint. I am not a king.......... In 2019, we might face challenges and difficulties in the international market. That is why I said earlier that our growth next year would be less than 20%, and I think our annual revenue for 2019 will probably be around 125 billion US dollars. We will not take advantage of the difficulties that our peers like Nokia and Ericsson are facing, in order to seize their market shares. I also think that the macro environment is in their favour, because there are restrictions on Huawei in some countries, but there are no restrictions on those companies. Therefore, I believe they may have more opportunities than Huawei......... Several years later at an airport meeting that I had with John Chambers, he told me that he was aware of Huawei's attitude towards Cisco at the time. ........ The country should not close its door simply because of one company, Huawei....... When unexpected huge incidents happened, like US companies that suddenly decided to stop buying Huawei phones, some people in China said we should do the same to Apple's iPhones in China. My opinion was that the Chinese government should not take similar measures against Apple in China. The national interests or policies around economic reform and opening up cannot be sacrificed for the benefit of Huawei. Even in light of the recent setbacks we encountered in some Western countries, we still support China, as a country, to become even more open. I think China can become more prosperous only when it becomes more open, and continues to press ahead with its reform agenda.

The War on Huawei