Newsletter By 2023-02-03
【ANBOUND GEOPOLITICAL REVIEW】Facing the impact of artificial intelligence (AI), it would be a bit of an exaggeration to say that all industries will collapse. It is a clear that along technological trend most industries will be redefined. The status of industry leaders will be subverted and changed, while businesses undergo major reshuffles. Products and commodities would be super-intelligent and equipped with a new AI system. To put it simply, in the beginning, the product will be made as smart as humans; and later, the product should be made smarter than us. What’s the main role for humans in the future world of AI. The answer is to make decisions and define "what to do" and "why to do it". Then," how to do it" and "how to do it better" are left to AI, discussed
Kung Chan, ANBOUND’s founder.
>> 【PRESENT VALUE】The beginning of the year always brings about fresh new goals, opportunities, and a renewed perspective and evaluation of the prior year’s objectives. As technology continues to evolve, so do our expectations of how these changes are going to manifest in the new year. What is Ahead for Cities in 2023? At
Econsult Solutions and
ESI Center for Future Cities,
Kendra Hills, ESI intern and
Steve Wray, ESI senior vice president and principal, listed their top trends for 2023 and their predictions on how technology-driven solutions will make an impact in the coming year. Please read some of 2023 smart cities predictions in this blog post.
>> In the opinion of researchers at ANBOUND, the Fed's first monetary policy meeting this year did not bring too many surprises. Rather, it continues to gradually slow down the interest rate hikes along the path it proposed last year. The Fed appears to make more flexible adjustments, depending on changes in inflation and the economic situation, to achieve a soft landing. Its policy tends to be more stable. This means that there is less and less uncertainty about Fed policy changes. The future risk lies in the degree of decline of the U.S. economy under high-interest rates, which is the key to when the Fed will end its interest rate hike cycle.
>>The United States, the Netherlands, and Japan have reached an agreement to restrict the sale of chip manufacturing equipment to China. There are new difficulties, new risks, and new challenges to the survival and development of its semiconductor industry. The Chinese enterprises will not only face singular restrictions, but also well-designed systematic suppression. This will set up many insurmountable high walls for the localization or autonomy. Also, the country's semiconductor industry will also expect to achieve sustained commercial success in an open market, and not solely rely on the state. All need to prepare for the long-term challenges ahead, said
He Jun, Director of Macro-Economy Research Center and Senior Researcher at ANBOUND.
>>China’s Ministry of Finance has repeatedly emphasized that the fiscal policy will increase its efficiency, and expected that fiscal deficit will expand this year. Where the money will come from is still a major question. The bulk of fiscal revenue is taxation, which mainly comes from business operations. It is the result of business improvement, and must "lag behind" the demand for fiscal expenditures that are on the rise substantially, which will also put a lot of pressure on the fiscal balance this year. With the property in 2022 being continuously eroded and the demand in 2023 still increasing, the space for a proactive fiscal policy this year is narrowed, and can only resort to debt expansion. The bond market will play an important role in 2023, providing financing for both enterprises and local governments, remarked
Wei Hongxu, senior economist at ANBOUND.
>>In 2023, NEV market expansion will decelerate in China. Overcapacity is more prominent. The bubble bursting will inevitably bring harm in the market. The investment will be reshuffled. Researchers at ANBOUND observed that fierce competition has brought about a "Matthew effect" increasingly obvious in this field. Disadvantaged companies will be phased out, and blind-eye investors might have certain losses.
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