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Saturday, July 2, 2022

A matter of Cost: Stretching their ringgit further

 

Janet Chia, 48, watering the lettuce plants at her house compound in Seri Kembangan, Selangor. Chia and her husband have planted several vegetables in their garden for their own consumption. 



Rise in prices pushes Ipoh folk to think of alternative ways to live within means

The hike in prices of essential items such as chicken, eggs, flour and vegetables has compelled ordinary folk in Perak to plant their own greens and herbs. Some are trimming their grocery bill or dining out less frequently by cooking simpler meals at home to better manage their household expenses. LIKE the rest of the nation, consumers in Ipoh, Perak, are feeling the pinch from the rise in the prices of goods, especially essential items.

The increase in prices is taking a toll on the people, leaving those in the low and middle-income groups struggling to cope.

Retiree Joginder Kaur Jessy, 67, said she had started to grow some vegetables in her house compound to help cut cost of buying greens.

She said eating out had always been expensive but cooking at home was no longer cheap either.

Expressing dismay at the rise in the prices of oil, vegetables, fish, chicken and eggs, she felt it necessary to cut back on some items as she was a pensioner.

“I have to be more prudent now and use less ingredients when cooking.

“I will probably have to look for a cheaper type of fish, eat less chicken, try to cook smaller portions, avoid wastage and make leftover food stretch over a few days,” she said.

Among the vegetables and fruits that Joginder has planted are chillies, okra, brinjal, lemon, mint, banana and papaya.

“Most of the prices of vegetables, fish and other seafood have tripled.

“Some fishmongers and vegetable and fruit sellers have taken this opportunity to raise the prices even further,” she added.

Holly Lai, 60, a marketing manager, said that at times cooking at home was more expensive than eating out.

Lai, who is single, said she used to cook at home, but after the increase in prices, she discovered it was not worth the effort.

Preferring fish and eggs in her diet, she noted that the prices of these items were not affordable.

“For me to cook a meal consisting of fish, rice and a vegetable, it will easily cost about RM15, not including the spices and other ingredients.

“In comparison, I can get a meal consisting of three dishes and rice for between RM5 and RM7 from a stall.

“During these trying times, I must choose wisely and cannot simply eat at expensive restaurants,” she added.

Teacher Ambiga Pillay, 60, said the government should step in to counter the increase in prices. 

 

Ambiga says she cuts down on daily costs by cooking more often at home.

Many including herself, she said, were saving on daily living costs by cooking more often as well as cutting back on luxury expenditures and travel.

“I always cook at home although it is a challenge as I work full-time.

“People think that grocery prices are lower in Ipoh compared to Kuala Lumpur, but it is not true.

“Prices here are higher because there is less variety compared to other places,” she said, adding that some also looked for cheaper alternatives to save money.

“I plan my finances based on priority as well,” said Ambiga.

Family Wellness Club president P. Mangaleswary also noted that people had been complaining about the rising prices of essential items.

She said some members of the non-governmental organisation (NGO) complained about how prices of vegetables had gone up in wet markets.

Members were saying that 1kg of tomatoes now cost RM9 when it used to be about RM5 before, she told StarMetro.

“Just last weekend at a get-together, some said they were feeling the burden of rising food prices as other expenses such as transport and house rental were also going up.

“The government’s cash aid for the B40 group is hardly enough for them to cover the rising costs.

“The government needs to look into some concrete measures to increase the supply of food such as vegetables and chicken,” said Mangaleswary. 

 

Mangaleswary suggests that the government give food suppliers some form of subsidy.

She said it was important to have control on prices of essential food items such as rice, sugar, flour, vegetables, fruits and chicken. To keep the supply chain going, she suggested that the government give suppliers some form of subsidy to help them overcome difficulties such as rise in price of chicken feed and transport cost.

“Of course, people must be reminded to be prudent and not to waste food,” she stressed.

Dr Richard Ng, president of NGO Ipoh City Watch, said although the country was transitioning into the Covid-19 endemic phase, the B40 folk in particular had little to cheer about. 

 

Ng says government assistance must reach the target group on a more consistent basis.

He said those who had been jobless might have heaved a huge sigh of relief as they would be able to earn a basic living.

He highlighted that a chain reaction had been triggered with the implementation of the minimum wage, the war between Russia and Ukraine taking a toll on the world’s economy, and the government’s announcement on the removal of subsidy on cooking oil and other essential items.

“These events have caused the prices of petrol, gas, cooking oil and essential food items to go up by at least 30%.

“This diminishing purchasing power not only impacts the B40 group, but also those in the M40.

“Each time such a crisis happens, the government can ask the people to tighten their belt, take less sugar, grow their own vegetables, provide one-off monetary assistance and groceries.

“But in reality, these efforts cannot really address the hard times faced by the people,” said Ng.

Instead, he said political leaders should set an example by going down to the ground and checking if the efforts made by them were effective.

He said government assistance must reach the target group on a more consistent basis, instead of just providing one-off aid.

“One way to solve this is to ensure some sort of prepaid card is given for the poor to buy groceries and other essential items from authorised outlets selling goods at lower prices.

“Of course, the mechanism must be monitored strictly to ensure there is no abuse and products sold must be of a certain minimum standard,” Ng added.

  • StarMetro By MANJIT KAUR manjit@thestar.com.my

Stretching their ringgit further 

 Like the rest of the nation, consumers in Ipoh, Perak, are feeling the pinch from the rise in the prices of goods, especially essential items.

The increase in prices is taking a toll on the people, leaving those in the low and middle-income groups struggling to cope. 

Joginder showing the brinjal growing in her garden.

Joginder showing the brinjal growing in her garden.Joginder showing the brinjal growing in her garden.

Retiree Joginder Kaur Jessy, 67, said she had started to grow some vegetables in her house compound to help cut cost of buying greens.

She said eating out had always been expensive but cooking at home was no longer cheap either.

Expressing dismay at the rise in the prices of oil, vegetables, fish, chicken and eggs, she felt it necessary to cut back on some items as she was a pensioner.

“I have to be more prudent now and use less ingredients when cooking.

“I will probably have to look for a cheaper type of fish, eat less chicken, try to cook smaller portions, avoid wastage and make leftover food stretch over a few days,” she said.

Among the vegetables and fruits that Joginder has planted are chillies, okra, brinjal, lemon, mint, banana and papaya.

“Most of the prices of vegetables, fish and other seafood have tripled.

“Some fishmongers and vegetable and fruit sellers have taken this opportunity to raise the prices even further,” she added.

Holly Lai, 60, a marketing manager, said that at times cooking at home was more expensive than eating out.

Lai, who is single, said she used to cook at home, but after the increase in prices, she discovered it was not worth the effort.

Preferring fish and eggs in her diet, she noted that the prices of these items were not affordable.

“For me to cook a meal consisting of fish, rice and a vegetable, it will easily cost about RM15, not including the spices and other ingredients.

“In comparison, I can get a meal consisting of three dishes and rice for between RM5 and RM7 from a stall.

“During these trying times, I must choose wisely and cannot simply eat at expensive restaurants,” she added.

Teacher Ambiga Pillay, 60, said the government should step in to counter the increase in prices.

Many including herself, she said, were saving on daily living costs by cooking more often as well as cutting back on luxury expenditures and travel.

“I always cook at home although it is a challenge as I work full-time.

“People think that grocery prices are lower in Ipoh compared to Kuala Lumpur, but it is not true.

“Prices here are higher because there is less variety compared to other places,” she said, adding that some also looked for cheaper alternatives to save money.

“I plan my finances based on priority as well,” said Ambiga. 


Ambiga says she cuts down on daily costs by cooking more often at home.

 

Family Wellness Club president P. Mangaleswary also noted that people had been complaining about the rising prices of essential items. 

 

Mangaleswary suggests that the government give food suppliers some form of subsidy.

She said some members of the non-governmental organisation (NGO) complained about how prices of vegetables had gone up in wet markets.

Members were saying that 1kg of tomatoes now cost RM9 when it used to be about RM5 before, she told StarMetro.

“Just last weekend at a get-together, some said they were feeling the burden of rising food prices as other expenses such as transport and house rental were also going up.

“The government’s cash aid for the B40 group is hardly enough for them to cover the rising costs.

“The government needs to look into some concrete measures to increase the supply of food such as vegetables and chicken,” said Mangaleswary.

She said it was important to have control on prices of essential food items such as rice, sugar, flour, vegetables, fruits and chicken. To keep the supply chain going, she suggested that the government give suppliers some form of subsidy to help them overcome difficulties such as rise in price of chicken feed and transport cost.

“Of course, people must be reminded to be prudent and not to waste food,” she stressed.

Dr Richard Ng, president of NGO Ipoh City Watch, said although the country was transitioning into the Covid-19 endemic phase, the B40 folk in particular had little to cheer about. 

 

He said those who had been jobless might have heaved a huge sigh of relief as they would be able to earn a basic living.

He highlighted that a chain reaction had been triggered with the implementation of the minimum wage, the war between Russia and Ukraine taking a toll on the world’s economy, and the government’s announcement on the removal of subsidy on cooking oil and other essential items.

“These events have caused the prices of petrol, gas, cooking oil and essential food items to go up by at least 30%.

“This diminishing purchasing power not only impacts the B40 group, but also those in the M40.

“Each time such a crisis happens, the government can ask the people to tighten their belt, take less sugar, grow their own vegetables, provide one-off monetary assistance and groceries.

“But in reality, these efforts cannot really address the hard times faced by the people,” said Ng.

Instead, he said political leaders should set an example by going down to the ground and checking if the efforts made by them were effective.

He said government assistance must reach the target group on a more consistent basis, instead of just providing one-off aid.

“One way to solve this is to ensure some sort of prepaid card is given for the poor to buy groceries and other essential items from authorised outlets selling goods at lower prices.

“Of course, the mechanism must be monitored strictly to ensure there is no abuse and products sold must be of a certain minimum standard,” Ng added. 

Source link

 

Related posts:

 

CLICK TO ENLARGE DEPRESSED wages, and a rising cost of living – these are the biggest tribulations facing the man on the street these days....
 
 
  Consumers can download them to look for low prices and comparisons Cooking oil prices are up as of today, so are those of chicken and ...

Friday, July 1, 2022

A July jolt Handy price checker apps for you

 


Consumers can download them to look for low prices and comparisons

Cooking oil prices are up as of today, so are those of chicken and eggs and it’s going to be a tough few months for consumers. However, economists expect the hard times to ease by the end of the year. Until then, a special task force, which met for the first time yesterday, will try to keep the pain bearable.

What to expect from today:

End of vehicle sales tax exemptions

Subsidy removed for 1kg, 2kg, 3kg and 5kg bottled cooking oil

Subsidy retained for cooking oil in 1kg packets

Increase in pet food prices

New ceiling price of standard chicken at RM9.40 per kg

Retail price of eggs: Grade A: 45sen Grade B: 43sen Grade C: 41sen

Those with driving licences expired on or before Jan 13, 2021, need to retake driving tests

No change in water and electricity tariffs for domestic users in Peninsular Malaysia

Large-scale enforcement against illegal immigrants to start 

As Malaysians brace for price increases in essential food items such as chicken, eggs and cooking oil, local price checker apps may be handy to help find the lowest prices available.

The Domestic Trade and Consumer Affairs Ministry is encouraging consumers to download its Price Catcher application, which allows users to view the prices of specific items from various locations and make comparisons.

For example, consumers can check the price for 1kg of chicken thighs and see how they are priced at different locations, such as grocery stores, supermarkets and more.

The prices will be displayed from the lowest to highest. Consumers will get information based on their own location data.

The app also allows users to view prices of goods from various ecommerce stores, though the choices are limited to only three platforms.

According to the ministry in a Facebook post on June 27, the information on the app is updated daily by its price monitoring officers based on checks at various locations.

Price Catcher is free to download from the Google Play Store and Apple App Store. 

Price Catcher - Apps on Google Play /

Price Catcher on the App Store

Another price checker app that consumers can consider is Hargapedia. 

Hargapedia - Compare Price, Check Deals, Get free vouchers

They can check for the prices of items based on specific brands – from online platforms such as Shopee to supermarkets like Jaya Grocer, Giant and Lotus.

The app will display dates to provide validity of the pricing.

The information will also be filtered according to data provided by users such as location, age and income level.

The app can also direct consumers to the online platform so that purchases can be made from the site or outlet.

However, the app does not indicate if an item has sold out. Hence, consumers will only find out once they have been directed to the shopping site.

Full price listings are also only available to users who register on the app.

Hargapedia can be downloaded from the Google Play Store, Apple App Store and Huawei 

- The Star Malaysia

  • by ALLISON LAI, JOSEPH KAOS Jr, JUNAID IBRAHIM, GERARD GIMINO and ANGELIN YEOH 

DOMESTIC LIVESTOCK AND POULTRY PRICES 

 Hike in chicken ceiling price brings relief to many

 “The consumption of chicken and eggs is expected to be resilient despite global inflationary headwinds as they are one of the cheapest sources of protein.” Tan Kam Meng

Source: TA Research and Department of Veterinary Services

 The spike in the average price of meat such as duck, beef and pork in Malaysia, other than chicken, where the price has been kept low via a ceiling price, has led to an even higher demand for chicken, says TA Research. 

The higher ceiling price for broiler chickens and eggs may only provide “slight relief” to Malaysian poultry players, who have been battling margin compression for the past several months.

TA Research analyst Tan Kam Meng described the recently-announced hike in ceiling price for chickens as only “marginal”.

He also said that the increase in ceiling price for chicken from farm is unlikely to completely compensate for the cost borne by the breeders, especially smaller players.

“We believe the leeway for increase in average selling price (ASP) will slightly improve the earnings for both Leong Hup International Bhd and QL Resources Bhd as the input cost seems to have moderated recently.

“We reiterate ‘buy’ on Leong Hup and QL with respective target prices of 89 sen per share and RM6 per share,” stated Tan in a note issued yesterday.

Effective today, chicken will cost RM9.40 a kg, up by 50 sen, based on the new ceiling price set by the Cabinet.

The Cabinet decided not to float the price of chicken, a move that has brought relief to many quarters, especially consumers who are facing the brunt of inflation.

The Cabinet also set the new ceiling price of chicken eggs at 45 sen per egg for Grade A, 43 sen for Grade B and 31 sen for Grade C, all up by two sen each, in Peninsular Malaysia.

The new prices will be in effect until Aug 31.

Tan also said the higher ceiling price came as a compromise, taking into account the inflationary pressure faced by consumers and the increase in feed cost for the suppliers.

He noted that prices have been surging across the board for livestock, mainly due to increased feed price and demand recovery from the reopening of the economy.

The average prices of live ducks, cows and pigs in Malaysia have increased 8% to 32% compared to last year.

The spike in average prices of livestock other than chicken, where the price has been kept low via ceiling price, led to even higher demand for chickens, according to him.

“We remain optimistic on Leong Hup and QL as the increase in poultry’s ASP would provide a boost to profitability of their poultry segment.

“Furthermore, both poultry players are well positioned to capture market share of smaller farmers who left the business.

“The consumption of chicken and eggs is expected to be resilient despite global inflationary headwinds as they are one of the cheapest sources of protein,” he added.

In a separate note, MIDF Research said that new ceiling price would help to limit potentially larger adjustment that would add to the overall food inflation.

It also pointed out that the new ceiling price for chicken at RM9.40 per kg for Peninsular Malaysia is only an increase of 5.6% from the previous ceiling.

“So, this is smaller than the expected increase to around RM10 to RM12 per kg if chicken prices were to be floated.

“Meanwhile, the approval given to the Farmers’ Organisation Authority to bring more than 4,500 tonnes of chicken from Thailand is expected to stabilise chicken supply in the domestic market.

“We expect these measures will limit upward pressure on chicken price for now,” the research house said.

Going forward, MIDF Research foresees the government to continue exploring more initiatives to ease the upward pressures on food prices in the longer run.

-StarBiz By GANESHWARAN KANA ganeshwaran@thestar.com.my

 Related:

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Come up with a real food plan, urge consumer groups

 

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Wednesday, June 29, 2022

Food for thought on footing the bill

CLICK TO ENLARGE

DEPRESSED wages, and a rising cost of living – these are the biggest tribulations facing the man on the street these days.

Needless to say, the lower income group is the one most affected but things have come to a stage where the Middle 40 (M40) group, especially those with families, is being dragged down and feeling the pinch too.

The biggest problem is that food –an unavoidable spending – is what takes up the bulk of the families’ budgets.

Chicken – a source of protein that cuts across all walks of life, creed and faith – tops the list of food. And keeping chicken prices down has become impossible.

Malaysia recorded a 2.8% year-on-year (y-o-y) increase in the consumer price index, which measures inflation. Food inflation rose by 5.2%, which means food prices are rising faster than anything else.

And experts warned that the food bills will keep going up.

With food insecurity on one side, rising cost on the other, the question is: what can be done to survive this double-edged sword?

True, much of the work of controlling the surging inflation is in the hands of the government and market forces but what can be done at the individual level?

Some may suggest side gigs and part-time jobs to grow wealth but the more immediate and feasible measures will be a relook at personal spending and lifestyle changes, including dietary habits.

Cutting back on non-essential items, budgeting, doing cooking more at home and making diet changes may help.

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid suggests a rethink on personal expenditure.

“The other is to look for additional income via part-time jobs. The third is to save and invest so the money will grow and hopefully, outperform the inflation,” he said.Sunway University Economics Prof Dr Yeah Kim Leng said that on the consumers part, they could explore cheaper substitutes, cut back on discretionary spending or reduce consumption.

They could also look for alternative sources of nutrients.

Singletons living with friends or housemates could pool groceries and cook meals together.

When it comes to takeouts, cutting down on using food delivery apps may help, as delivery charges make meals costlier. It’s cheaper to go out and buy them directly from the outlets.

Aside from that, buying groceries at a wholesale market instead of wet markets or grocery stories may also be a cheaper alternative.

Deputy dean of Universiti Putra Malaysia’s Faculty of Medicine and Health Sciences Assoc Prof Dr Barakatun Nisak Mohd Yusof noted that nutritious food will cost slightly more and a good meal must comprise food from all groups of the food pyramid

Citing a study, she said the food group that is likely to be affected is protein, as animal based protein such as meat and fish are the ones getting expensive.

She fears people may turn to starch which is relatively cheaper. There is also a fear that more people may turn to fast food or cheap but unhealthy alternatives like instant noodles.

Dr Barakatun said plant based protein such as dhall, beans, tauhu, tofu and tempeh are good alternatives.

“These are good sources of protein and are not only cheaper, but also contain fibre,” she said.

She said habitual meat eaters not accustomed to plant-based diets could incorporate such food slowly into their diet.

“It is not like you have to eat them daily. You can have them on alternate days or as part of a weekly meal plan,” she said.

As for vegetables, she also suggested consumption of “ulam”, a fairly affordable dish that could be easily grown in homes.

She said vegetables such as carrot, lady’s finger, cabbage and long beans could be bought in bulk as they can last longer.

While processed frozen food like sausages should be avoided, frozen chicken meat and fish can be consumed.

She also suggested freshwater fish such as catfish or keli, which remain affordable.

“We can also focus on local fruits,” she said.

She also suggested meal planning, such as pre-planing the simple dishes that can be cooked throughout the week. Groceries for the week can then be bought based on the plan.

Another interesting tip which Dr Barakatun shared was to segregate and pack ingredients according to the menu planned.

She felt meal prepping could then be turned into a fun family activity with kids.

These lifestyle changes will definitely not be easy but they could help stretch the ringgit and leave some extra cash in the wallet in these tough times. 

  Source link

http://mystar.newspaperdirect.com/epaper/viewer.aspx

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Tuesday, June 28, 2022

NATO’s expansion stumbles as members calculate costs

 

Europe will certainly not become more secure after this round of NATO expansion

 There is a lack of mutual understanding and compromise in European culture, where countries are focused on maximizing their own security interests without regard for others. The US is certainly glad to see Europe in this state.

 

 

Editor's Note:

NATO, which is constantly looking for imaginary enemies and justifying its existence by inciting confrontation, is holding a summit from Tuesday to Thursday, and it also plans to extend its tentacles to the Asia-Pacific region. Behind its aggressive narrative, contradictions and divisions within NATO have become increasingly prominent. The Russia-Ukraine conflict is not going according to NATO's playbook. This series of articles will provide some clues regarding NATO's predicament. This is the fifth piece.

NATO, the North Atlantic Treaty Organization, was established in 1949, but to this day it remains an important tool for suppressing the opponents of the West. The initiative to unite 12 countries originally belonged to the United States, which became the most powerful world leader after the end of World War II. The US was the foundation of the organization's military power, a source of economic and financial assistance to member countries. It goes without saying that not only the highest command posts belonged to the Americans, but they also defined strategic objectives at all stages of NATO's activities. The main mission of this organization from the very beginning was the unification of military and economic resources under the command of the US to prepare an all-out war against the Soviet Union. The countries of another military bloc, the Warsaw Pact Organization (ATS), led by the USSR, also became enemies. It was created only six years after NATO - in 1955.

NATO played an important role in weakening the USSR and its allies. After the collapse of the Soviet Union and the dissolution of the Warsaw Pact in 1991, the question arose about the feasibility of continuing the existence of NATO. But the US, which really ruled the bloc, set a new task for it - to involve former ATS member countries and post-Soviet republics in its structure. This was considered necessary to expand the zone of America's strict control over Europe as the most important part of the world at that time. NATO was also used to "sweep" the European space during the war against Yugoslavia. NATO and its de facto twin in the field of economics and politics - the European Union - were used in organizing the "color revolution" in Kiev and provoking the current Ukrainian crisis. In these situations, the US uses NATO as a tool for dirty work, saving the US from the loss of "precious American lives" and the risk of retaliatory strikes on the territory of the US.

NATO's successful fulfillment of its tasks in Europe led Washington to think about using the potential and experience of the bloc in another part of the world. Having recently identified China as the most serious threat to the international order, Washington is faced with a lack of resources to contain and suppress the growing Chinese power.

In order to mobilize the existing resources, the Biden administration has developed a concept of Indo-Pacific security, strongly resembling a similar concept for the North Atlantic. The concept has already been reinforced by the creation of the Indo-Pacific Command of the US Armed Forces. Already available resources were activated - military alliances with Japan, South Korea and Australia. The AUKUS military group was created. The activity of the QUAD military-diplomatic group is stimulated. The creation of the Indo-Pacific Economic Framework was recently announced. But even these actions are not enough for Washington.

Therefore, it is urgently necessary to extend the scope of NATO's responsibility to the Indo-Pacific region as well. Obviously, US efforts are aimed at uniting all Asian and European allies, their military, economic and geostrategic resources to create a new tool for the realization of American global ambitions. It can be conditionally called the Indo-Pacific Treaty Organization according to the patterns of NATO.

Of course, the arrival of NATO to the East, especially since the new military bloc of the West, will threaten the security interests of Russia as a Pacific power. But first of all, it will be directed against China. Strengthening the militarization of the region will also contradict the interests of economic stability and security of ASEAN, APEC and other groupings of the region.

Serious obstacles may arise in the way of implementing Biden's chess game. We are not talking about the fluctuations of European satellites in NATO such as "ready for anything" Poland, the "Baltic troika" or the Balkan neoplasms. It is unlikely that we will talk about England with its age-old anti-Chinese traditions and loyalty to Washington at the level of a conditioned reflex. But such large "stakeholders" as Germany, France, Spain and Italy may think hard about the consequences of entering into a military confrontation with China, taking into account their trade and economic interests.

These powers are well aware of the benefits of bilateral trade with China, which amount to tens and hundreds of billions of euros. They are also aware of the intention of the White House to lift trade sanctions against China in an attempt to bring down the threatening increase in inflation. The role of trade and economic "cannon fodder" is unlikely to entice figures claiming some level of independence even within the framework of NATO. In Madrid, the leaders of significant European powers are unlikely to voice their doubts, but then they will try to "put on the brakes" in implementation of Biden's Indo-Pacific plan.

Another important reason for avoiding the dubious honor of becoming a member of the anti-Chinese coalition may be Washington's inconsistency. Just two years ago, then US president Donald Trump reproached NATO member countries for the insufficiency of military efforts, the desire to "ride for free" and even promised to dissolve the military bloc. What will happen after the next presidential election? Will Trump come back? Won't those business and political circles that oppose the dispersion of the waning power of their power, for the concentration of resources on solving domestic economic and humanitarian problems, win?

Europeans are already suffering losses from following Biden's anti-China course. The ratification of the China-Europe Comprehensive Investment Agreement has been disrupted. Taking into account the hostile policy of Poland and the Baltic countries, Chinese logistics companies are reviewing the routes of goods delivery to Europe via the Silk Road. Beijing is studying the experience of "crippling sanctions" against Russia. After all, Washington has threatened to impose similar sanctions not only in case of the aggravation of the situation around the Taiwan island, but even if China refuses to participate in sanctions against Russia.

The US' convulsive attempts to return itself to the role of world hegemon are unlikely to succeed. But they can cause considerable harm to mutually beneficial relations between countries, which will be difficult to compensate quickly.

The author is head of the "Russian Dream-Chinese Dream" analytic center of the Izborsk Club. opinion@globaltimes.com.cn 

  Source link

 

 
Asia-Pacific countries should not stand under 'dangerous wall' of NATO: Global Times editorial

The sewage of the Cold War cannot be allowed to flow into the Pacific Ocean.

 

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