Newsletter By 2022-04-15
【Judgement & Forecast】 In the future, all multilateral cooperative relations in the world could morph into fierce competitions along with the emergence of
>> "Will to Power", and because of high attention to different countries' own national interests. We might witness these competitions, even wars, taking place in all European countries. The EU would probably be centered on those countries that are willing to work together, make sacrifices, not afraid of hardships, and based on public opinion. These countries are mainly concentrated around the Baltic Sea, which could become an "expanded Switzerland" before and after the Second World War. They are strong and combat-effective, united and neutral, with solid collective strength. More importantly, they will be the successors to “Old Europe”, and be the collaborators with close ties to the Anglo-American axis that maintain their own secure existence.
【KC’s Column】 In the current Russia-Ukraine war, it is quite a shock for the world to see the Ukrainian army could withstand the sudden attack of the Russian force, and even launch counterattacks. This can be credited to Ukraine’s military industrial enterprises, including those military-civilian integrated enterprises. They possess a strong reserve of technical talents, and can quickly repair a large number of captured Russian military equipment, thereby transferring them to the Ukrainian army. This is one of the key reasons why the Ukrainian army can fight a protracted war, said
Kung Chan, ANBOUND’s founder.
>> American economist
Paul Krugman wrote his opinion on
the New York Times that Germany will continue to be the "weakest link in the democratic world’s response to Russian aggression". Germany's refusal to slash imports of Russian gas is deeply destructive and hypocritical, and apparently only other countries should pay a price for being irresponsible. Earlier, ANBOUND's founder Kung Chan told his viewpoint about
A Look at What is Really Happening in Germany. "The world can indeed understand the dilemma faced by Germany, and its deepest emotion. Germany might as well tear off the mask of pretension and directly make his announcement". Strongly, both of their insights were argued among readers. Hopefully, there would be on-site discussions between the two authors and other distinguished scholars in the future where new sparks in exchanges of views can be created.
The West’s sanctions have had an impact on the global economic, trade, and financial systems, raising concerns in the market. This has also led to the question of the U.S. dollar’s future status. While some suggested that the dollar would lose it dominance, ANBOUND economists noted if the global situation continues with the current development trend, and if there are no exchange rate swings caused by inflation or emergency, the dollar would be in a unique position compared to the world's major currencies. Geopolitics is resetting our world, rendering everything else insignificant. The future global currency system will inevitably be deeply influenced by geopolitics, but the prospects of the U.S. dollar remain optimistic.
>>China's economic growth targets and macroeconomic policies formulated at its annual parliamentary meetings the "Two Sessions" face the challenge of policy adjustment in just one month later. The goals and policies were set out under normal circumstances that did not take into account major events, such as the Russia-Ukraine war, the resurgence of COVID-19, and the re-imposition of strict pandemic prevention and control measures. With the deteriorating international geopolitical condition and containment actions for the pandemic, the Chinese economy has unexpectedly encountered additional pressure. Against this backdrop, massive stimulus policies in China are inevitable this year.
>>The introduction of the Financial Stability Law is a sign that the maturity and rationality is growing in the Chinese financial market and the institutional system. It puts forward relevant responsibility requirements for the prevention, control, and handling of financial risks to government departments at all levels and regulatory departments of various industries. Further solidifies the responsibility of market players to avoid the rapid spread of financial risks, while protecting the interests of investors and creditors.
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