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Saturday, 2 April 2022

Calls on EU to form independent policy, encourages bloc to take primary role for Ukraine resolution

 

China EU Photo:VCG


China-EU leaders' meetings send positive signal towards world peace, development: Vice FM

   

Chinese President President Xi meets with European Council President Charles Michel and European Commission President Ursula von der Leyen via video link at the 23rd China-EU leaders' meeting on April 1, 2022. Photo: Xinhua

Chinese President Xi Jinping, during a video meeting with EU leaders on Friday, offered four suggestions on how China and the EU can cooperate to help with the current Ukraine crisis, especially on supporting the EU play a primary role in promoting communication among the EU, the US and NATO and finding solutions to build an effective and sustainable EU security framework.

Observers said that China is offering pragmatic solutions to the EU while encouraging the EU to be diplomatically independent on the Ukraine crisis; and instead of pressuring China to join in sanctioning Russia and being kidnapped by the US, the EU should take control of its own destiny and take action for its security.

President Xi met with European Council President Charles Michel and European Commission President Ursula von der Leyen via video link at the 23rd China-EU leaders' meeting on Friday and exchanged views on bilateral cooperation and the Ukraine crisis.

China finds it deeply regrettable that the situation in Ukraine has come to where it is today. China's position on the Ukraine issue is consistent and clear-cut. China always stands on the side of peace and draws its conclusions independently based on the merits of each matter.

While offering suggestions to help with the Ukraine crisis, Xi said that China supports the EU's efforts toward a political settlement of the Ukraine issue, and has been encouraging peace talks in its own way. China will stay in touch with the EU to prevent a bigger humanitarian crisis.

Xi noted that the root cause of the Ukraine crisis is regional security tensions in Europe that have built over the years. A fundamental solution is to accommodate the legitimate security concerns of all relevant parties. China supports Europe, especially the EU, in playing a primary role, and supports Europe, Russia, the US and NATO in holding dialogue to face up to the tensions that have built up over the years and find solutions for a balanced, effective and sustainable security framework in Europe.

Xi also pointed out that China and the EU need to commit themselves to keeping the situation under control, preventing a spillover of the crisis, and, most importantly, keeping the system, rules and foundation of the world economy stable, to bolster public confidence.

Xi's four proposals on the Ukraine crisis are pragmatic and rational, and take into account the long-term considerations. Since the crisis has already taken place, the key was not to emotionally blame each other but to offer practical solutions, Wang Yiwei, director of the institute of international affairs at the Renmin University of China, told the Global Times.

Xi's proposals highlighted the potential cooperative areas for China and the EU to help ease the situation based on the consensus that both China and the EU called for a ceasefire and peace talks, Wang said.

To prevent a regional conflict from spreading also shows that the West should not just impose sanctions but to cut their losses, Wang said, warning that too many sanctions may result in economic stagnation, inflation and even a debt crisis for Europe.

Hours before the China-EU leaders' meetings on Friday, Chinese analysts warned that China-EU relations cannot be kidnapped by the Ukraine crisis, and Europe should no longer be abducted by the US in foreign policy, as it will greatly undermine the EU's own interests, making it difficult to ensure economic recovery and people's livelihood, and runs counter to Europe's aim of pursuing strategic independence.

Before the talks, several sources from Europe claimed that Brussels is seeking to warn Beijing about supporting Russia in the Ukraine crisis, and some EU officials said any help from China to Russia would "jeopardize" relations with its biggest trade partners - Europe and the US - saying trade between China and the bloc is much higher than that between China and Russia.

The EU should have a clear understanding that standing with the West to sanction Russia does not conform to the principle of China's diplomacy, Cui Hongjian, director of the Department of European Studies at the China Institute of International Studies, told the Global Times on Friday.

"The EU is now kidnapped by the US on security, but that does not conform to the strategic independence the EU has pursued," Cui said, noting that to avoid being caught in hot water again, the EU must take control of its own destiny. And developing ties with China provides the EU an opportunity to develop in a more balanced and comprehensive way in the long run.

It will result in a great negative impact on the EU if it takes trade measures against China. "Especially amid the impact of an energy ban with Russia, damaging trade cooperation with China will make Europe fail to ensure its post-pandemic economic recovery and people's livelihood," Cui said, noting the EU would be "very unwise" to do that.

Expanding cooperation

During the talks on Friday, President Xi also pointed out that the Ukraine crisis has come on top of a protracted COVID-19 pandemic and a faltering global recovery. Against such a backdrop, China and the EU, as two major forces, big markets and great civilizations, should increase communication on their relations and on major issues concerning global peace and development, and play a constructive role in adding stabilizing factors to a turbulent world.

Xi stressed that, since last year, China-EU relations have made new progress despite challenges, and China-EU cooperation has achieved new results despite difficulties. It has been proven that China and the EU share extensive common interests and a solid foundation for cooperation, and that only through cooperation and coordination can the two sides resolve problems and rise to challenges.

President Michel and President von der Leyen said that China is an important force in the world. The EU attaches great importance to China's international standing and role, and to developing relations with China. The EU reaffirmed its commitment to the one-China principle and expressed its desire for candid exchanges with China to sustain the good momentum of EU-China relations. It also expressed readiness to keep deepening cooperation with China

The past year has seen growing challenges in China-EU relations, especially after the China-EU Comprehensive Agreement on Investment was stalled by the unilateral freeze taken by the European Parliament in May. However, economic and trade ties between the two remain strong and continue to expand. In the first two months of 2022, the EU surpassed ASEAN as China's biggest trading partner after losing the spot in 2021, as trade between China and the EU surged 14.8 percent year-on-year at $137.16 billion.

"China and the EU can work together in dealing with some of the impact of the Ukraine crisis or the global economy by establishing pragmatic cooperation mechanisms, which will also benefit China-EU relations," Cui said.

On the Ukraine crisis, China and the EU, as two major powers, could strengthen cooperation on promoting peace talks between Russia and Ukraine, and between Russia and the US, and provide humanitarian assistance to Ukraine as well as explore economic cooperation to achieve a stable world economy, analysts said.

Xi's speech highlighted that China and the EU should act as two major forces, and offset uncertainties in the international landscape with the stability of China-EU relations, Wang said.

Wang stressed that stable China-EU relations meant that their relations cannot be abducted by the Ukraine crisis, human rights issues or by some countries like Lithuania.

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MALAYSIA Upbeat GDP forecast between 5.3% and 6.3%, Inflation to hover between 2.2% and 3.2% in 2022

 

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.

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Today April 1, 2022 is a milestone for Malaysia declares ourselves unafraid of Covid-19

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.

https://www.worldometers.info/coronavirus/country/malaysia/
 

COVID Live - Coronavirus Statistics - Worldometer

 

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.

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