Freedom, GEABSOLUTE POWERS CORRUPT ABSOLUTELY, General Election (GE15), Malaysia, Politics, polling Nov 19: Destroy Umno for the betterment of Malaysia, race, religion, Solidality, support Aliran for Justice
A production line of an electronics company in the northern province of Thái Nguyên. Strong export is among main drivers for Vietnam's GDP growth in 2022. — VNA/VNS
MALAYSIA has managed to record economic growth of 3.1% in 2021 despite it being a challenging year.
This year appears to be more promising with the gross domestic product (GDP) projected to grow between 5.3% and 6.3%, according to Bank Negara.
It will be supported by several factors including the continued expansion in external demand underpinned by the tech upcycle, international border reopening, improvement in the labour market and continued access to targeted policy measures.
Inflation is likely to hover between 2.2% and 3.2% in 2022 while the unemployment rate is expected to improve to 4%. The current account balance is seen at between 4.2% and 4.7% of GDP this year.
TODAY is April Fool’s Day, traditionally a day where pranksters make jokes at the expense of others.
But jokes aside, today, April 1, 2022, will hold special significance for Malaysians because this is the day (for all intents and purposes) we declare ourselves unafraid of Covid-19.
I know, this isn’t the same as a Covid-free declaration nor has the Prime Minister declared that we are now in an endemic stage, but what is no less significant is that we have opened our borders to quarantine-free travel.
The significance of this move is going to have far-reaching consequences for the future of this country. The nay-sayers are already predicting a doomsday scenario where all hell breaks loose and our Covid-19 numbers shoot through the roof.
Of course, there are risks to us opening our borders, but the move will surely have a positive effect on our battered economy and the tourism sector in particular.
Tourism industry players – airlines, travel agents, hotels, transport companies and meetings, incentives, conferences, and exhibitions (MICE) operators – are gearing up to receive foreign tourists when the country’s borders reopen today.
In fact, the Ministry of Tourism, Arts and Culture is targeting two million tourist arrivals in Malaysia this year leading to revenue of more than RM6.8bil.
Before Covid-19, tourism and tourism-related sub-sectors like retail, transportation, as well as food and beverage, hired an estimated three million workers.
The arrival of foreign tourists may not match pre-pandemic levels, but hotels and resorts across the nation can expect a jump in reservations in a large part due to the lifting of quarantine rules.
Singapore’s move to follow suit and lift Covid-19 travel restrictions will also significantly impact travel between the two countries. The expected further lifting of on-arrival PCR tests at Changi in the next two or three weeks will mean faster processing of travellers, something that KL International Aiport should emulate.
The spill-on effect from the April 1 ruling will hopefully lift the aviation sector out of its doldrums.
Coincidentally last week, I spoke to two airline industry workers who lost their jobs during the pandemic. The first, a pilot, was retrenched from Korean Air in 2020 and has struggled to get a permanent job since. The father of two is now a personal driver for a Kuala Lumpur-based businessman.
The second is an aeronautical engineer with Singapore Airlines who also lost his job in 2020. The Malaysian who is based in Singapore is making ends meet as a Lalamove rider.
Both are hopeful that airline jobs will return with the international borders reopening. It may not happen immediately, but judging from bookings across various airlines, recovery is on the horizon.
The pent-up demand for travel will also see more locals leaving our shores for other destinations and judging from social media posts of the well-heeled, this is already happening.
Beyond travel, a great deal of businesses and industries globally are looking to invest in new markets more so as socio-economic conditions become more challenging across the globe.
Malaysia is still an attractive proposition for these companies, but so are our competitors. Look at our neighbours – Singapore wants to replace Hong Kong as the regional financial centre, Indonesia is spending billions and attracting billions more by building a brand new capital while Vietnam has attracted a flurry of investors.
Our ministries and government agencies must seize the opportunity that April 1 will provide by engaging potential investors rather than wait for them to come to us. Foreign direct investments (FDIs) are crucial for the nation more than ever given inflationary pressures, the looming worry of interest rate hikes and our continued brain drain.
This is imperative because the Russia invasion of Ukraine conflict and the ensuing sharp rise in commodity prices, particularly oil, have put a dampener on prospects for a quick economic recovery.
The impact of our borders reopening will only be seen in the coming weeks. We may or may not see a spike in Covid-19 cases, but as of now we have not followed Singapore by making it optional to wear masks outdoors.
Our numbers are still high, and this is perhaps a step too far in relaxing restrictions. Still, unlike Singapore, it’s a relief that we don’t have health inspectors visiting restaurants using tape measures to ensure proper physical distancing between diners.
We, however, look forward to the time when we no longer need to scan the MySejahtera app to gain access when we visit business premises. The app should be used to store your digital vaccination certificate and other details without compromising on privacy details. After all, just like the temperature checks that were ever present only a few months ago, scanning your MySejahtera has outlived its usefulness.
So, today is a milestone for Malaysia and an opportunity to make up for two lost years. The road to recovery starts here and the next weeks and months will show if the decision to open our borders has helped us turn the corner.
Building LONG TERM WEALTH with Stocks & Avoid FAKE GURUS | FIRL Podcast 36
Ng Zhu Hann of Tradeview.my shares his journey from London School of Economics, to becoming a long term stock investor and the author of Once Upon a Time Bursa. He passionately writes on his blog, Tradeview.my to educate retail investors on investing and to avoid fake gurus. He also mentions that retail investor participation is at all all time high in 2020. However, he makes the most wealth during the bear market and says dividend yields, earnings and cash flow are time tested theorem that generate wealth and not short term goals.
More effort needed to educate the young investing
With thousands of new and young retail investors participating in the local bourse in the last two years, more effort is needed from capital market regulators and the private sector to improve financial literacy, particularly among the youth, say market observers. `
Ng Zhu Hann, who is the CEO of Tradeview Capital and author of “Once Upon A Time In Bursa”, told StarBiz that brokerages and investment banks could not afford to neglect providing first-time retail investors with “the tools to understand the stock market”. `
“Once you lose money, or whatever savings that you have, you would never return to participate in the stock market because you may think the market is rigged against you. That is human nature,” he said. ` According to the Securities Commission’s (SC) annual report 2021, an investor survey focused on the youth found that only 3% of youths have a high-risk appetite regarding the level of risk they were willing to take for investments.
“This may suggest that risk aversion has set in due to the pandemic,” said the SC survey. `
The Nielsen Company (M) Sdn Bhd was commissioned by the SC to conduct the survey on its behalf. `
However, on capital market products and their associated risks, the survey showed that respondents viewed investments in Amanah Saham Bumiputera (ASB) as low-risk. `
“In comparison, 70% of the respondents perceived stocks and shares to be high-risk. Overall observations suggested that respondents perceived the capital market products as high-risk and this perception was consistent across the demographic profiles,” said the SC survey. `
Ng also noted that according to Bursa Malaysia, following a similar trend in 2020, 63% or about two-thirds of the new 223,249 individual central depository system accounts opened in 2021 were by millennial investors (aged 26 to 45 years of age). `
He pointed out that many of the new millennial investors had lost money when they got caught up in the penny stock or glove stock mania in the last two years. `
“They had no prior investing experience, and lost money, and that becomes a problem. That is why more should be done in terms of investor education,” said Ng. `
Meanwhile, Rakuten Trade head of equity sales Vincent Lau noted that the regulators of the Malaysian capital markets have made many efforts to educate retail investors, in an era where investing via new and innovative digital platforms is the norm. `
“Online resources like Bursa Marketplace have been very crucial in educating new retail investors, which increased tremendously in numbers during the pandemic-related lockdowns in the last two years,” he said. `
Lau also pointed out that with the younger generation pivoting towards buying, selling and storing crypto currencies, Malaysian regulators have been staying in tune with the demands of the digital era with the approval of crypto currency platforms like MX Global, Tokenize and Luno. `
“Digital banks are also coming, and new fintech will enable and attract the younger generation to explore various investment options,” he said. `
Lau pointed out that Rakuten Trade, as an online stock trading platform, has been actively holding corporate and investment webinars. `
Ng said it was not surprising that the youth would view investments in ASB and fixed deposits as low-risk, compared with equities.
“If you invest in equities by yourself, without the proper understanding and knowledge, it is just like gambling, right? But I think that equities in fact, is not the most high risk asset class.
I am seeing a very unhealthy trend of youngsters, who have never even invested in equities in their life, actually jumping into crypto currencies,” he said. ` The SC’s annual report also said RM21bil in investment in digital assets are across all registered digital asset exchanges (DAX) in 2021. ` Digital asset accounts jumped 300% to 760,000 in 2021 (from 190,000 in 2020). ` About 62% of investors in crypto currencies on the DAXs are below the age of 35, according to the SC as at end-2021. ` The regulator also observed that last year, non-fungible tokens (NFTs) became a hot trend among artists and collectors. `
Ng pointed out that unlike crypto currencies which are not regulated, there is a lot of regulation, oversight and transparency when it comes to investing in equities. `
“Compared with less developed markets, I believe Bursa ranked among the best, along with Singapore Exchange and the Hong Kong Stock Exchange, in terms of the regulators,” said Ng. `
In the SC’s annual report, the survey also showed that investment decisions of the youth were not based on fundamentals, but mainly driven by socio-economic status, family, friends, influencers as well their perceptions of the products and brands. `
It also revealed that there was also familiarity bias among the respondents, choosing to invest in products that they were already familiar with. `
Ng said while there was plenty of information available on company websites and annual reports, first-time investors may not know how to decipher or dissect the data. ` “They would go for financial investment talks and hope that the guru would teach them, which is very dangerous. The problem is there are many fake gurus today in the market, who just want to make money, and they are not even licenced,” he said. `
Ng suggested regulators could allocate more resources in disseminating financial information via social media, and also working with professional or non-profit organisations to improve financial literacy among the youth. `
“Under the Continuing Professional Development (CPD) framework, perhaps a revision can be done where CPD points can be earned by contributing pro bono, or helping society in terms of improving financial literacy,” he said.
Opening Keynote Address by Datuk Syed Zaid Albar, Chairman SC Malaysia at ESG Corporate Summit.
Scams have been increasing in the Malaysian capital market over the past few years, amid the Securities Commission’s (SC) efforts to clamp down on unscrupulous activities. `
Chairman Datuk Syed Zaid Albar said that complaints on unlicensed schemes in 2021 had increased to 52% of total complaints received by the SC, up from 37% in 2020. `
“In line with this, we have also stepped up our anti-scam efforts using a multi-pronged approach,” he said. `
Syed Zaid was speaking during a virtual media briefing yesterday, following the launch of the SC’s annual report for 2021. `
Actions taken by the SC in 2021 against unlicensed activities and unauthorised operators included issuing 24 cease and desist orders to persons carrying on unlicensed investment advice, 13 administrative sanctions via reprimands and directives, and blocking access to 143 websites via the Malaysian Communications and Multimedia Commission (MCMC). `
To date, the SC has undertaken five enforcement actions, 473 regulatory interventions and put up 275 unlicensed companies and individuals on the SC’s Investor Alert List. `
An internal taskforce was also established to investigate investment scams and clone firms which reviewed 159 bank accounts that identified 32 persons of interest. `
In 2021, the SC concluded 22 investigations, and more than 55% of completed investigations last year relate to unlicensed activity and securities fraud. `
Corporate misconduct, which constituted 14% of the total completed investigations, included disclosure breaches relating to securities laws. `
As of Dec 31, 2021, the total number of active investigations were 46. `
“While the SC continued to dedicate substantial resources to conduct investigations relating to securities fraud and market manipulation offences, investigations on corporate misconduct has emerged as the second highest percentage of active investigations carried out in 2021,” the commission said in the annual report. `
Through its civil enforcement actions, the SC had in 2021 restituted RM2.7mil to a total of 721 investors who had suffered losses as a result of such breaches. ` On a separate matter, Syed Zaid said that the SC was monitoring the issuance of non-fungible tokens (NFTs) on a case-by-case basis, amid the global craze to convert real-world items into digital assets. `
This was, however, subject to the nature of the NFTs, the NFT projects as well as the activities carried out at the NFT marketplace, he added. `
An NFT is a unique digital asset that represents ownership of real-world items like photos, videos and audios. It is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. `
Syed Zaid pointed out that the underlying assets of most NFTs in Malaysia were non-securities products, hence such NFTs did not fall under the SC’s regulations. `
However, SC managing director Foo Lee Mei said that some NFTs may come under the SC’s purview, if the NFTs met the SC’s digital asset prescription order. `
In addition, in the event any of the NFT players engaged in capital market-regulated activities, the issued NFTs would have to adhere to the SC’s rules. `
Based on the SC’s latest annual report, Malaysia’s digital asset market continued to expand in 2021 despite the market uncertainties, with approximately RM21bil in digital assets traded across all registered digital asset exchanges (DAXs). `
The total number of investment accounts surged by nearly 300% to about 760,000 from more than 190,000 in 2020.
Since introducing the DAX framework in 2019, the SC had registered four DAXs, namely Luno Malaysia Sdn Bhd, SINEGY Technologies (M) Sdn Bhd, Tokenize Technology (M) Sdn Bhd and MX Global Sdn Bhd. `
Commenting on the Malaysian capital market outlook for 2022, Syed Zaid said volatility will remain, especially in the near term. `
The outlook, he added, will be premised on the baseline expectation of a sustained economic recovery this year. `
However, he warned that further escalation of the Russia-Ukraine conflict could disrupt the much-need economic recovery. `
“As we have witnessed, the impacts are already felt in various market segments worldwide, especially in commodities.
“The possibility of a more severe impact still remains, given the potential for further escalation and the lack of a clear resolution. `
“For the moment, the direct impact to Malaysia is still manageable, given our minimal exposure to Ukraine and Russia,” he said. `
Challenges aside, Syed Zaid said the SC’s priorities in 2022 aim to shift the capital market to a relevant, efficient, diversified and inclusive ecosystem. `
This would allow Malaysia’s national growth pillars to achieve its ambitions in areas such as digital, carbon-neutrality and managing the transition of the country into an aged nation. `
“From an organisation perspective, the SC will strengthen its internal digital capabilities and skills set to enable the SC’s workforce to harness state-of-the art digital technology for deeper insights and engender efficiency in our risk management, surveillance and supervision functions. `
“The SC has also embarked on its own journey towards reducing its carbon and environmental footprint, in line with Malaysia’s goal of becoming a carbon-neutral country by 2050,” he said. `
On expected fundraising activities, Syed Zaid painted a positive outlook, underpinned by normalising economic conditions. `
For 2022, he expects about 35 initial public offerings (IPOs) to take place. `
In comparison, there were 29 new listings in 2021, of which six were on the Main Market, 11 were the ACE Market, and the remaining 12 were the LEAP Market. The total amount of funds raised from these new listings was approximately RM2.3bil. `
The SC noted in its annual report that it had also considered an IPO application on the Main Market last year, which would have raised about RM4.7bil. However, the application was subsequently withdrawn. `
“We have also received enquiries and statements of interest in SPACs (special purpose acquisition companies), but it is still too early to tell whether any SPACs will be listed in 2022,” he added.
This document contains an outcome-based core competencies framework on financial literacy for youth. It is a policy tool, providing guidance on the typical ...
With many competing demands for scarce funds, countries often do not fully recognize how critical young people are to their national economies, societies, and.
http://my.gelife.co/scholarship `
SOCIAL media has been abuzz on the new minimum wage policy of RM1,500 announced by the government, which is slated to come into effect on May 1. `
For politicians, regardless of which camp one belongs to, there appears to be a consensus towards this policy’s implementation. It is after all a populist policy, hence to voice out vocally against it would be a public relations nightmare. `
Supporters for higher minimum wages can be seen to be largely employees and advocates of labour welfare. `
The key proponents against the new minimum wage policy was on the other hand largely from the business associations, manufacturers and small medium enterprise owners. In short, the employers. `
What is rather interesting from my observation is the high octane emotions expressed on social media, be it those for or against.
Supporters of the new wage policy were completely aghast when proponents against it provided justifications to delay the implementation. Many resorted to name calling, where some were branded as capitalists, profiteers or bourgeoisie. `
There was even a viral social media posting on twitter with Tan Sri Soh Thian Lai’s remuneration as chairman of YKGI Holdings Bhd shared to depict the wealth disparity. He was in my view, unfairly targeted simply because he voiced out the views of the members within The Federation of Malaysian Manufacturers (FMM) in his capacity as the president of the association. Somehow, no reasons given were deemed acceptable by advocates of higher minimum wage. ` Low wage growth in Malaysia ` It is important to note that Malaysia has been caught in the middle income trap for the longest time. When former Prime Minister Tun Dr Mahathir conceptualised “Vision 2020”, it was our countries’ aspiration to achieve a high income nation status. ` Of course, the year 2020 came and left with my memory of it largely being watershed, much less anything remotely related to high income. So, the crux of our economy indeed has always been low wage and especially painful wage growth in the last decade. `
We need not look far, the past five years' statistics of our country’s mean and median monthly wages is sufficient to show a rather demoralising trend as per the attached chart.
World Bank’s definition of a high-income nation for 2020 was a gross national income (GNI) per capita of US$12,696 (RM 53,532). Our country’s GNI last year stood at US$10,111 (RM42,503), which was an estimated 20% below the minimum threshold of the World Bank. While 20% apart may not seem like the Grand Canyon, however, we must understand there is a disparity of wealth gap between the high T20 and the B40. This is further exacerbated by the pandemic and slump in the economy for the past two years. `
As a former employee who worked for various corporate organisations, I can deeply sympathise with the predicament of entry-level and low-income employees. `
With access to remuneration information of the company, I notice the large income and employee benefits disparity between the senior management and the junior workers. `
There was once during a town hall meeting with senior leaders of the management, I raised a question anonymously, “How is it equitable that the more senior one is along the corporate hierarchy, apart from higher salary, one still gets much better employee benefits such as mobile, healthcare, petrol and others allowances, when in fact, it is the more junior employees with low income that are desperately in need of better benefits to supplement the income gap?” The human resource head of the company skipped my question. ` Is minimum wage the solution? `
On Jan 1, 2020, the minimum wage of RM1,200 came into force. This was right before the country was hit by the pandemic. Two and a half years later, in spite of the pandemic and series of lockdowns decimating many small-medium enterprises and businesses, the minimum wage would soon be raised to RM1,500. With a history of being vocal about employees’ welfare throughout my corporate tenure, I cannot help but feel that the situation at this point in time is not conducive for such a drastic jump. `
Although we did see a recovery of Malaysia’s gross domestic product performance in 2021 with a 3.1% increase compared to a contraction of 5.6% in 2020, it is necessary to understand that many businesses went out of business and the unemployment rate has increased significantly. `
In addition, the country’s borders, which is allowed to open on April 1 may provide a fresh catalyst for the economy recovery, the impact has yet to be felt by businesses as a whole. If 2022 is to be a recovery year, then business friendly policies need to supersede populist policies in the near term in order to provide some breathing room to recoup past losses. `
Furthermore, increasing business costs will add to the worsening domestic inflationary pressure resulting from global factors such as geopolitical tensions, supply chain disruption and loose monetary policies. Increasing cost without expanding the economy pool is simply discouraging reinvestment by the business enterprise, which is crucial towards growing the country’s economy. The multiplier effect of investment activity outweighs the effects of consumer spending. This is economy 101. ` Koi’s Law `
In season two of Dr Romantic, a popular Korean drama, a scene specifically mentioned an interesting theory known as ’Koi’s Law’. `
This theory provides that a Koi fish (which is a type of carp), grows in size subject to its environment. If you put it in a fish bowl, the Koi would be small fitting to the size of the fish bowl. If you put it in the pond, the Koi would grow much larger. This relates to people’s ability to change proportionally to the environment. If we give people the opportunity to grow, they will be able to expand on their respective ability. Wage is an important factor in determining such an outcome. `
Therefore, I do agree that wage growth should be commensurate with talent in order to retain the best minds which are crucial towards nation building. By having the best talent in the respective fields, our country would advance and naturally, this would help to further improve the quality of lives of the people. `
It is a cycle. I definitely do not disagree with reviewing and raising the minimum wage but it ought to be gradual and at a pace where the business owners and employers are given the equal opportunity to recover from damages suffered. Populist agendas should never have a place in formulating economic policies otherwise long term advantages will always take a backseat to short term gains. ` NG ZHU HANN By Ng Zhu Hann, the CEO of Tradeview Capital. He is also a lawyer and the author of “Once Upon A Time In Bursa”.The views expressed here are the writer’s own.
The Ukrainian side has seen China’s neutral position on the conflict between Russia and Ukraine
US hegemony: the culprit of Ukraine crisis
"Let the gull'd fool the toils of war pursue, where bleed the many to enrich the few," wrote the 18th-century English poet William Shenstone. `
That is what is exactly happening during the Russia-Ukraine conflict. Whether it's the people of war-torn Ukraine, sanction-ridden Russia, or insecurity-ingrained Europe, all have suffered greatly. The US, the culprit of the Ukraine crisis, has been constantly taking advantage of others' misfortune to maintain its hegemony. `
Every why has a wherefore. Edward Carr, a leading British scholar of international relations, reminded people more than 80 years ago that the US was a master in using kindness to disguise selfishness. Boasting abundant resources, strong industry and geographical advantage, Ukraine could have achieved development. While the country pursued a relatively balanced policy in the early years of its independence, the US supported and incited the Orange Revolution in 2004 and the Square Revolution in 2014 to push for a pro-Western agenda, splitting Ukraine politically from within and geopolitically between Russia and Europe. It is really thought-provoking that the "Gateway to Europe" has become one of the poorest countries in Europe, the frontline of NATO's eastward expansion, and the fault line of "color revolutions" and conflicts. `
In 2014 when the crisis broke out in eastern Ukraine, while Germany, France, Russia and Ukraine held several rounds of consultations and signed two Minsk Agreements to cool down the situation, the US took an opposite direction to fan the flame by inciting the anti-Russian and pro-Western forces in Ukraine to escalate the conflicts on the ground. In the current Russia-Ukraine conflict, the US is reaping the benefits without getting itself involved militarily. It never intended to come to Ukraine's rescue, the idea used as a political tool by the US to trap Russia in a seemingly endless conflict. `
We might need to go a bit further back into history to conclude how the US hegemony had created all the security trouble for Europe, Russia and Ukraine. It is well known that the US became a global superpower after the two world wars which plunged Europe into chaos and destruction and led to its dependence on the US military hegemony and NATO. Looking for a pathway to common security, Europe and the US signed the Helsinki Accords with the Soviet Union in 1975, which saw the establishment of the Organization for Security and Cooperation as well as the indivisible, cooperative and comprehensive approach to security. `
However, after the Cold War, the US overturned the European security agenda and rejected Russia's bid to join NATO four times. The aim was to make Russia the imaginary foe to justify US hegemony. Since 1999, the US launched five major NATO expansions, pushing its borders eastward by more than 1,000 kilometers to include a large number of Eastern European countries, splitting Europe further. It also promised Ukraine, Georgia and other members of the Commonwealth of Independent States (CIS) NATO membership, posing a realistic threat at the doorstep of Russia. `
Due to the hegemonic mentality and actions by the US, the vision of indivisible common security broke into pieces, and Russia, Ukraine and Europe were left in a security dilemma and constant conflicts. Former US congressman Tulsi Gabbard stated in a recent interview that President Joe Biden could have ended the crisis by promising not to admit Ukraine to NATO. But he didn't, because the US is seeking an excuse to impose sanctions on Russia, and it could profit from war for the American military-industrial complex. ` Ukraine has become another victim in a series of global security crises instigated by the US, just like Iraq, Afghanistan, and Syria. Now the hegemonic power is pushing for an Asian version of NATO expansion via its Indo-Pacific Strategy, aiming to contain China. `
Hegemony is the source of evil and chaos, while the common security is the only correct option to avoid and end crises. Whether it is Europe or Asia, the rationales of security are the same: Security cannot be enjoyed exclusively, but only shared; It is not a zero-sum game, but win-win cooperation. History may prove again that, the one who makes a fool of others will eventually make a fool of himself.
By March 24, the Russia-Ukraine conflict has lasted one month. All peace-loving people in the world hope that this bloody conflict, which could have been avoided, could end soon. However, the US and NATO, which hold the key to resolving the conflict between Russia and Ukraine, have made no practical moves to end the war. Instead, they are still intensifying contradictions and escalating confrontation, creating obstacles for negotiations between Russia and Ukraine. `
US President Joe Biden left for Europe on Wednesday, where he will attend the NATO summit, the G7 summit and the European Council meeting. According to media reports, Biden will work with European allies to coordinate next-stage military assistance to Ukraine and will announce a new round of sanctions against Russia. On the one-month mark of the conflict, Biden carried out his intensive diplomatic offensive in Europe, yet nothing on his agenda is not about adding fuel to the fire. `
When touching upon Biden's European trip, US National Security Advisor Jake Sullivan said that there will be hard days ahead in Ukraine as "this war will not end easily or rapidly." This is not so much a "judgment" by the US, but a carefully guided direction by Washington. Washington wishes the war will not end, so it can maximize the use of the conflict to gain geopolitical value from it. In other words, it is seeking to benefit from Ukraine's misfortune. `
Because of this, the US and Europe may seem to appear close, but their substantive differences are deepening. While Washington is obsessed with delaying Russia-Ukraine negotiations, Europe wants security and stability. There are emerging anti-war voices in Europe, and these voices include disapproval toward Washington's arms delivery to Ukraine. More and more Europeans realize that blindly sending arms to Ukraine is heading toward the opposite direction of the security goals they pursue. In addition, the result of long-term extreme sanctions must be that the US gets rich, Europe pays the bill and Ukraine bleeds. Washington can't hide these petty ideas. `
Also because of this, Biden has to "stabilize" Europe when it has wavering intentions. It is not difficult to imagine that Washington will pull out the "transatlantic friendship," "democratic alliance," and other small cards from its pockets and distribute them to friends as passes to the world VIP club, using the illusory "honor" to extract high "dues." Washington also exerts strong pressure on neutral countries that "don't join the club," criticizing India for being "shaky" on one hand and sensationalizing China's "threat" to peace on the other. Isn't this a typical mafia approach? `
As the saying goes, "It is up to the doer to undo the knot." The Russia-Ukraine conflict is the result of the intensification of the conflict between the US and Russia, and the key to the problem lies in the hands of the US. If Washington really wants the "hard days" of the Ukrainian people not to continue, then why did it choose to "coordinate" with Europe to send weapons to Ukraine and sanction Russia, and refused to talk directly with Russia? The answer is clear: the US does not want real peace talks. That's why one can see such an absurd scenario: despite knowing where the way out is for the Russia-Ukraine conflict, Washington is still desperately wiping the sign which says "No Thoroughfare" at the end of a blind alley. `
Washington has been good at putting on the show - promoting hegemony under the guise of "democracy," and making a fortune from war in the name of "peace." Yet it does not mean such an approach will never be outdated. Over time, people will eventually see through it. The evolution of the Russia-Ukraine conflict will prove Washington's nature as a warmonger.
Chinese Vice Premier Liu He and State Councilor Wang Yong
led a team to the plane crash site in South China's Guangxi Zhuang
Autonomous Region late Monday to guide the rescue work and investigation
of the cause of the accident.
