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Robin Hu
Temasek, Vice Chairman Asia and Operating Partner. Milken Institute, Asia Chair
Robin Hu is the Vice Chairman Asia and Operating Partner at Temasek, a prominent global investment firm based in Singapore with a portfolio value of US$297 billion. In his role, he focuses on fostering relationships with Asian nations and understanding their connections with major global players like the US, EU, and China amidst the complex global geopolitical landscape. With a background in leadership positions within Temasek, he has spearheaded initiatives in sustainability, stewardship, international policy, and institutional relations. By advocating for social resilience, international cooperation, and advancements in science and nature, Hu emphasizes the importance of leaving a positive legacy for future generations.
Before his tenure at Temasek, Robin Hu held significant roles such as the CEO of the South China Morning Post Group and the leader of the Chinese Newspaper Group at Singapore Press Holdings, where he closely observed and reported on the transformative Rise of China. His diverse professional journey encompasses experiences as a programmer analyst, a diplomat, a Dotcom entrepreneur, a government official, and an international business developer across various regions including Taiwan, Shanghai, Suzhou, Beijing, and Singapore. Hu has also ventured into diplomatic efforts, serving as Singapore's Non-Resident Ambassador to Timor Leste and assuming the position of Asia Chair at the Milken Institute, a US-based think tank committed to addressing global challenges.
With a strong educational foundation that includes studies in Mathematics, Computer Science, and Media and Management, Robin Hu brings a wealth of knowledge and expertise to his current roles. Apart from his associations with Temasek and the Milken Institute, he has been involved in a range of esteemed organizations such as OMFIF, Lee Kuan Yew School of Public Policy Executive Education, and Mediacorp Pte Ltd, among others. His leadership extends to serving on various boards and advisory positions in entities focused on media, nature conservation, cultural promotion, and public policy.
Highlights
Stephen Roach is an American economist. He was formerly chairman of Morgan Stanley Asia, and chief economist at Morgan Stanley. I append below an abbreviated version his recent post having attended all but the first China Development Forum (CDF) in 2000. His participation over each of the ensuing 24 years makes him the longest-attending foreign delegate to China’s most important public conference. The question he asks "What's The Point"? Here goes.
I raise this question as a CDF insider, present at the creation of this event by former Premier Zhu Rongji who believed in the power of debate and exchange between senior Chinese leaders and foreign “experts” from academia, think tanks, and MNCs. Zhu brilliantly timed the event to occur immediately after the National People’s Congress (NPC), holding the provocative view that the ministers of China’s State Council should be tested by external debate immediately after their internal deliberations at the NPC.
I remember well my first CDF in 2001 when I was a keynote speaker at what was then a much smaller, more intimate gathering. I presented my views on the global economy, arguing that a post-dotcom slowdown was at hand. Fred Bergsten, founder of the Petersen Institute, took the other side of the debate. At the end of the meeting, Premier Zhu pulled me aside and said in perfect English, “Roach, I hope you are wrong, but we will plan as if you are right.”
On the eve of CDF 2024, I was informed by the powers that be that “… your recent comments on the Chinese economy have generated intense scrutiny and even controversy among Chinese and international press. It is very likely that whatever you say at CDF in a public setting will be misinterpreted and even sensationalized by media.” As a result, I was not given a speaking role for the first time in 24 years.
CDF 2024 was tightly scripted, with no debate, no meaningful exchange of views. Yes, there were plenty of Western multinationals in attendance, but mainly for shameless, commercialized pitches of their commitments to China. CDF 2024 was shorter by a day, with a streamlined agenda that was belatedly posted on the CDF website.
I still have great admiration for the Chinese people and for the miraculous transformation of China’s economy over the past 45 years. I refuse to buy the western consensus that China’s development miracle was always doomed to failure. I am highly critical of the outbreak of a virulent Sinophobia that portrays China as America’s most dangerous adversary since the former Soviet Union.
My agenda remains analytical, not political. In the end, I intend to keep showing up and to keep pushing for free and open debate in China. And I will continue to do so in the spirit of Deng Xiaoping’s famous credo of “seeking truth from facts.” I am not giving up. That’s the ultimate point of it all.
You can follow Roach on X/Twitter @SRoach_econ
You would have noticed this in the media chatter, and may even be wondering if you should be concern about Japan’s largest power company Tepco, is set to dump into the ocean some 1.37 million cubic metres of treated water stored in more than 1,000 tanks after the 2011 Fukushima nuclear accident. If so, this detailed visual explainer by the South China Morning Post may be what you are looking for. The filtering process was able to remove almost all the radioactive agents, but the discharge, which will take about three decades to be completed, has raised concerns in the region.
The move has been approved by the UN's nuclear watchdog, the International Atomic Energy Agency (IAEA), but China’s authorities have said issues remain, such as over the “hasty” release of the safety report, reliability of the purification equipment and the monitoring plan. The release point is 1km off the coast of Fukushima Prefecture in northeast Japan. After the 2011 disaster, large amounts of water were used to cool and stabilise the meltdown of three reactors. The used water, contaminated with high levels of radioactive material, leaked and flooded the tunnels and underground areas of the facilities. It then came into contact with groundwater from the surrounding hills, creating toxic water stored in tanks at an annual storage cost of US$912 million.
The Advanced Liquid Processing System (ALPS) removes most of the radioactive elements, but the primary contaminant remaining is tritium, a radioactive isotope of hydrogen. Removing tritium from water is possible in laboratories. But given the scale, the effort comes at an enormous cost. Water containing tritium is routinely released from nuclear plants around the world. Tritium is considered to be relatively harmless because it does not emit enough energy to penetrate human skin. But when ingested, it can raise cancer risks according to the Canadian Nuclear Safety Commission. Tritium is found in a range of common consumer items because it can be used in combination with phosphors to make materials that are self-luminous such as exit signs, watch dials and key chains.
In 2022, Hong Kong was Japan’s second-largest market for agricultural and fisheries exports, taking in about HK$12.3 billion (US$1.6 billion) worth of goods, or 15.6 per cent of Japan’s total exports. In 2021, Hong Kong was the largest importer of Japan’s seafood products. The Hong Kong government has said that if the treated water is discharged into the ocean, the city will immediately ban imports of food items from the coastal prefectures near the Fukushima plant and impose strict controls on other goods from the rest of Japan. The ban could affect 10 prefectures: Tokyo, Fukushima, Chiba, Tochigi, Ibaraki, Gunma, Miyagi, Niigata, Nagano and Saitama.
#fukushima #nuclearpowerplant #fisheries
