16/05/2026 08:35 am MYT
Speaking on Thursday in the China-US presidential summit state banquet held in the Great Hall of the People's impressive banquet hall, president Trump thanked president Xi for what he described as a "magnificent welcome". In a speech that was filled with facts, Trump talked about the relationship between the American and Chinese people all the way back to America's founding days.
Trump said that "From the beginning, our citizens have shared a deep sense of mutual respect. Founding Father Benjamin Franklin published the sayings of Confucius in his colonial newspaper and today's sculpture, recognizing that ancient Chinese sage is carved into the face of the United States Supreme Court very proudly ...........The appreciation ran in both directions. Chinese admirers of president George Washington gifted a stone tablet honouring his memory to adorn the Washington monument. It bears the words of a Chinese official who called the great general and statesman a hero among men .................Across the centuries, this mutual esteem grew into a relationship that reflected the tremendous talent and potential of our two people. Chinese workers helped lay the railroad tracks that connected our Atlantic Coast to the Pacific. American travellers to China helped spread literacy and modern medicine. And at the request of China's ambassador, it was President Theodore Roosevelt who provided the funds to establish President Xi's alma mater, Tsinghua University. "
In the first visit by a US president since 2017, the world has undergone tremendous changes. China in particular has reformed and transformed by leaps and bounds. Just ask anyone who goes to China after 9 long years.
Note from Publisher
The economic impact of the US-Israel-Iran conflict is beginning to surface. Rising living costs are forcing ordinary Malaysians to reassess and adjust their spending habits. Malaysia is the second highest car-owning nation in Asia, with 535 cars per 1,000 people, surpassed only by Japan. More than 90% of Malaysian households own a car. However, escalating fuel prices and higher daily expenses are prompting more Malaysians to leave their cars at home and turn to public transport instead. According to the Economy Minister, rail and bus ridership recorded strong growth in Apr. The average daily number of rail passengers increased 7.6% month-on-month to 1,085,580, while the average daily bus ridership rose 10.3% to 227,448.
This is only the beginning. With the US and Iran still unable to reach a peace agreement, disruptions to the global supply chain for oil, natural gas, and a wide range of petroleum-derived products are likely to intensify. As inventory levels continue to decline, shortages will drive prices significantly higher in the coming months. At the same time, the Malaysian government has begun reducing the budgets of various departments. Against this backdrop, Malaysians should brace themselves for more challenging economic conditions ahead.
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