Newsletter By 2023-03-17
【KC’s Perspectives: Foreseeable Future Thought】 The global shift towards electric vehicles (EVs) is gaining momentum as countries are imposing radical policies to phase out fuel-powered cars and promote the use of EVs. However,
ANBOUND’s founder Kung Chan noted in a recent video that the rise of EVs has significant implications for employment in the automotive industry, leading to a decline in traditional combustion engine jobs. He pointed out that the number of employees in automobile manufacturing is as high as 3.4 million in the EU, which is close to 12% of all manufacturing jobs in the region. This will cause a huge shock to the entire automobile manufacturing industry, even leading to disruptive changes. In place of EVs, the adoption of hydrogen fuel engines would minimize harm to the manufacturing industry and has no significant impact on economic development, making it a better alternative. Click
here to watch the video (in Chinese, auto-translation is available in multiple languages).
Saudi Arabia and Iran reached an agreement to restore diplomatic relations, reopen embassies and representative offices within two months, exchange ambassadors, and explore ways to strengthen bilateral relations. While the long-standing disputes between two countries in the fields of religion, geopolitics, and geo-economics are complex, the talks in Beijing offer a glimmer of hope for future progress. As early as 2014, ANBOUND scholars had advocated the peace over conflicts when dealing with the issues of Ukraine and Kosovo. This view holds true today, and still stresses that dialogue and cooperation are the pillars of peace in global development now.
>>As part of our partner ESI's year-long celebration of turning ten, we are looking back on some of ESI’s projects over the years. This showcases
10 projects from real estate practice. Real estate encompasses affordable housing, transit oriented or adjacent development, open space and the environment, and other related concepts, introduced
Peter Angelides, ESI President & Principal. ESI’s real estate practice marries academic-level rigor with real world experience to provide government and private sector clients with a wide range of analyses, advice, planning, and presentation. Learn more about ESI economic consulting for real estate, please reach out.
The sudden collapse of Silicon Valley Bank (SVB) not only caught the financial market off guard but also exposed some flaws and issues in the financial regulatory system and its methods. These problems amplified and spilled over liquidity risks for small and medium-sized banks, causing panic in the market. Although financial institutions and regulatory agencies have taken measures to improve and make up for their shortcomings after various financial crises, the events surrounding SVB exposed numerous problems and shortcomings that financial regulation still faces. Financial regulation is not static; it needs to keep up with market developments, address new loopholes, and maintain a systemic approach while balancing both the long-term and short-term needs of the market and individual interests, according to
Wei Hongxu, senior economist at ANBOUND.
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