Newsletter By 2023-03-10
【KC’s Perspectives: Foreseeable Future Thought】 There are more discussions about the tensions between Russia and the West in a recent video, particularly in light of the conflict in Ukraine.
Kung Chan, the founder of ANBOUND, traces the history of Russia's economic development and explains how the West played a crucial role in facilitating this growth, especially through partnerships with NATO countries, where Russian President Vladimir Putin benefited from it. Putin supposed that the war in Ukraine could have been quickly resolved and accepted by the world, but it was proved that he misjudged. Putin began to offer various reasons for Russia's involvement in the conflict, portraying himself as a hero and leader who resists Western oppression. One shall be against taking a simplistic, one-sided view of the conflict, understanding the complex factors and historical contexts involved through the tool of historical realism. Click
here to watch the video (in Chinese, auto-translation is available in multiple languages).
China's institutional reform of the State Council is a prominent development. It leads to the division of powers and responsibilities within the Ministry of Science and Technology, while the National Development and Reform Commission, the Ministry of Industry and Information Technology have seen a significant strengthening of their powers, responsibilities, and resource allocation capabilities. The financial sector's regulatory system and institutions have also been bolstered. While the reform plan for the Chinese central government and other institutions has yet to be announced, it is expected that further major changes will be made, discusses
He Jun, Director of Macro-Economy Research Center and Senior Researcher at ANBOUND.
>>The Federal Reserve chair Jerome Powell has recently issued a warning during a hearing with the U.S. Senate. The modification in Powell's outlook for U.S. inflation, along with his warning of potentially tighter policies, signifies that the U.S. inflation predicament has become arduous for the Fed to manage through monetary policy, compelling it to revert to the aggressive rate hikes strategy observed in the previous year. Such unexpected monetary policy tightening not only impedes the U.S. economy's ability to evade the likelihood of stagnation or recession, but also plunges the global economy and capital markets into a state of turbulence once again, said
Wei Hongxu, senior economist at ANBOUND.
>>Market virtualization is a trend, which cannot be overlooked in today's economic and social development. In a society with surplus capital, this development is facilitated by external capital conditions, where commodity prices and profits are no longer established solely on commodity quality, functionality, and services. With the popularity of the internet and social media, the market is no longer just for meeting consumers' objective needs, but more attention is paid to the external image and cultural value of products.
ANBOUND’s researcher Yang Xite explores his question. Would society eventually move beyond the objective phenomenon of market virtualization and back to practicality-based consumption?
>>