Newsletter By 2023-08-25
For China, regions encompassing Southeast Asia and the South Asian subcontinent—Vietnam, Myanmar, and India included—represent its geopolitical vulnerabilities, are acting as both its strategic weak points and fracture zones in geopolitics. The influence China once held over the countries that participated in the Belt and Road Initiatives is diminishing, and this is coupled with its lingering debt concerns and a decline in capital exports. China may presently hesitate to acknowledge this, while the point of undeniable recognition is approaching rapidly. China will pay a substantial cost incurred by its geopolitical unawareness, its blind faith in financial power, and excessive self-assuredness, said
ANBOUND’s founder Kung Chan.
>>【ESI PRESENT VALUE】Patrick Darcy and Samriddhi Khare, both fellows supporting ESI Center for the Future of Cities, discussed that prices rising at a historic pace have made America’s housing situation unsustainable, making the goal of homeownership a virtual pipe dream for many. Even the cost of renting is exorbitantly high compared to just a few years ago. It is imperative for governments and policymakers to provide affordable options for low-income households and dismantle systemic barriers that disproportionately affect marginalized communities. Only through collaborative efforts can we ensure that homeownership remains within reach for all, preserving a better quality of life for generations to come. Click
here to read more.
The implementation of the structural reform by the People's Bank of China, returning to the provincial branch system from the regional branch system back, is a functional reversion. While local governments once intervened in financial matters, during China's economic upswing to secure additional financial resources for local development, the scenario is rather different. The current financial sector is rife with risks and complexities, and local officials may still seek funding for their developmental needs. However, they could not necessarily wish to navigate the intricate financial sector or assume the risks associated with influencing financial policies. Considering the financial crises experienced in recent years, each province had to draw upon both its internal resources, as well as national-level financial policies and resources to resolve financial risk matters. In this manner, it is likely to grow increasingly intricate, in the opinion of
Wei Hongxu, senior economist at ANBOUND.
>>Prior to Wagner boss Prigozhin's plane crashes this week, in an earlier writing published on
Diplomat Magazine in the Netherlands,
ANBOUND’s founder Kung Chan noted that deprived of its national background, the Wagner Group is likely to adopt a fundamental survival strategy based on fomenting turmoil. This implies that continue to sow discord, conflict, and unrest across the African continent. The Wagner Group would be transformed into an internationally akin terrorist organization, similar to Al-Qaeda, making it a great threat to regional and international security and stability.