Newsletter By 2019-06-28
The rise of social media in the internet era may not have always brought positive impacts on people and society, and indeed it brings more negative impacts sometimes. The sense of alienation caused by social network media is now creating a large number of poor and lost people in our new era. Social media has a significant impact on people's consumption patterns, life attitudes and values. Psychologists have generalized it as FOMO (fear of missing out) such as people like to "peek into other people's lives" in social media, social media will push all kinds of information to us even if we were not interested in them. If people (especially young people) lack fully independent and clear values, they tend to imitate the friends they see on social media. They also become envious of others’ rich-life experiences due to FOMO.
>>The recent fluctuations occurred in Hong Kong is an example of such issue. In the internet era, society needs more than politics. Politics is often related to interests. However, once the pattern and order of interests are cracked, the interests of politics will be unstable. At this time, it would be more effective to adopt the correct public relations strategy, instead of continuing to be constrained by the conventional political format and blindly proceeding along the unchanged path. Therefore, the high-level, targeted and large-scale public relations strategy implemented by Chinese leaders is an optional and effective policy path for the present and future of Hong Kong. The current electoral politics have turned into a war of public relations. Election is now a battle of skills and power in public relations; whoever wins the battle will hold the power.
>>The PPP projects are growing under the policy rectification. This shows that the local government's financing needs are extremely urgent. As local finance deteriorates under the tax reduction and fee reduction policies, it can be considered that the financing pressures facing local development has already reached the critical point. Anbound pointed out that with the tightening of debt management, the introduction of government investment regulations has increased constraints on local investment. Besides that, Anbound also repeatedly suggested that from a central level, it would be necessary to adopt an easing monetary policy approach so that it is systematically possible to solve the problem of accumulated debts and free up space for local governments to regulate financing. To alleviate the systemic problems facing the Chinese economy, it appears that easing policy is the only option.
>>The global balance of power is not easy to achieve, but achieving it brings more anxiety and uncertainty about the future to the table. One of the biggest challenges facing politicians in the future will be curbing the urge of army generals to use nuclear weapons. China is also a powerful force in the world, and its speed of modernizing its conventional military equipment is quite astonishing as well. Conventional wars that have been successfully concluded and have clear outcomes of victory will be vital in the new geopolitical history. This is a terrible consequence that has not much notice has been placed on after the balance of power strategy was proposed in the 16th century, and it is also a kind of deformed effort that is caused by certain parties trying to maintain their advantages in the balance of power.
>>The worsening global economic environment has caused more countries to take the measure of implementing interest rate cuts, which may further agitate the global market. Regardless of emerging market countries or developed countries, interest rate cuts will inevitably affect international capital flows as a whole to a certain extent. In the current times where there is a global capital surplus, interest rate cuts will push up the asset prices of the relevant economies, and international capital may also be attracted to these countries.This is an eventuality that China must prepare for.
>>