It will be mid-October in a blink of an eye, and 2022 will soon usher in the end of the year. Economic data for the first half of 2022 have also been released. Affected by the epidemic and political factors, the economies of many countries have been impacted this year. The economic data of traditional developed countries such as Britain, Germany and the United States are not good-looking, and some even showed negative growth. At the same time, in Asia, led by 28 countries including China and Russia, a new organization was established in order to enhance Asian peace and promote economic cooperation. Seeing this, the former Australian Prime Minister called for the restart of China-Australia relations.
The economic data of the United States, Germany and Britain are not very good
On October 13, according to data released by the U.S. Department of Labor, after not considering the volatility of food and energy prices, the price index of domestic core consumers in the United States reached 0.6% in the second half of this year, while the core CPI in September increased by 6.6% year-on-year, reaching the highest level in nearly 40 years. Inflation remains high, Americans still need to endure the rising prices. In the United States, the real estate market is still hot this year, and the bubble market has further worsened inflation.
Economists said that although the current Federal Reserve uses to raise interest rates to deal with high inflation, this method of adding more water and adding more water will only lead to the economy entering a vicious cycle. According to the U.S. Department of Labor, high inflation has penetrated the entire U.S. economy and society, and is overdrawing every American's savings. Against this background, many people have to rely on credit card loans to make ends meet. The economic situation in the United States remains grim. The same is true for Germany. Against the backdrop of the Russian-Ukrainian conflict, Germany is deeply trapped in the energy crisis . The food crisis, coupled with the impact of the epidemic, the manufacturing industry, as the pillar of Germany's economy, suffered an unprecedented blow, and enterprises have significantly reduced production and maintained the most basic profits. Due to the impact of Russian energy sanctions, the market prices of natural gas and electricity in Germany soared, and German people faced high living costs and enterprises were even overwhelmed. Under the various unfavorable factors mentioned above, Germany's economy this year is also a mess.
data shows that the final value of PMI in Germany's manufacturing industry in September was 47.8, expected to be 48.3, and the previous value was 48.3, creating the lowest value since the outbreak of the epidemic; the final value of the comprehensive PMI was 45.7, expected to be 45.9, and the previous value was 45.9. The change in the PMI value directly reflects that the current German economy is falling sharply, it has fallen into a stagflation cycle, and the trend of long-term decline is very obvious. According to the current trend, within half a year, the German economy will face a new round of decline and will officially enter zero or even negative growth next year. This will be a high probability event. Even so, Germany still acted as the United States' pawn in the Russian-Ukrainian conflict. In response to the old saying, there must be something hateful about a poor person.
Just on October 14, the British Chancellor of the Exchequer, who had just 38 days in office, was dismissed. The outside world analyzed that it may be related to the current bad economic background of the UK. We see that the Trass government's tax cut policy has suffered a Waterloo, and the stock market, bonds and foreign exchange markets have panic, the pound has depreciated, bonds have sold off, and the stock market has fallen, and the Bank of England has had to intervene. According to a report by the British think tank Institute of Finance, the British government plans to spend £60 billion in the next six months, and at the same time turn the fiscal expected deficit to £190 billion, accounting for 7.5% of national income. This is the third highest debt the British government faces since World War II . It is conceivable how bad the current economic situation in the UK is.
For the Trass government, the first major problem facing the Trass government is how to bring Britain out of the economic downturn. At the same time, facing the rising emotions of the people, solving employment has also become the second problem facing Trass. Although the Trass government has also introduced many policies this year to stimulate the economy and create jobs, under the background of the conflict between Russia and Ukraine and the impact of the epidemic, the results have been minimal, and we can only watch the economy decline.
Asian countries are seeking development, and another new organization has established
. In sharp contrast to the bad situation in the United States, Germany and Britain, the situation is developing in a positive direction in Asia.After these two days of intense meetings, the sixth summit of Asian mutual cooperation and trust measures came to an end in Astana, Kazakhstan. 28 countries including China and Russia signed a major document announcing the transformation of the "Asia Information Association" into an international organization. At this meeting, Kuwait was absorbed as the 28th member of the organization. Of course, this is also the natural result of the joint efforts of all parties. In fact, the "Asia Information Association" has been established for 30 years, but it has not appeared on the international stage as an international organization before.
It is reported that after becoming an international organization, the influence of the "Asia Information Association" will greatly increase and can independently participate in international affairs, such as joint anti-terrorism, economic cooperation, joint military operations, etc. The most noteworthy of these is that the "International Information Association" will greatly weaken the United States' influence in Central Asia and play a huge role in realizing sovereignty and independence in Central Asian countries. In the economic field, the organization will be committed to Asian economic cooperation, and has introduced a series of economic safeguards to this end, and passed the Regulations of the Asia Information Fund, which provides a good channel for member states to develop their economies and raise funds. After all, the world's large funds are currently firmly controlled by Western countries.
Once the "AsiaInformation Society" has its own foundation, some underdeveloped member states can directly obtain financing to develop the economy, stabilize the financial sovereignty of various countries, and avoid being controlled by others, which greatly promotes the regional economic integration of . Russian President Putin also made a special trip to attend the meeting, which was warmly welcomed by the representatives of the participating countries. He affirmed Asia's important position in the world economy and said that Russia will continue to cooperate with the member states of the "International Information Association" to jointly promote economic development.
The United States is ungrateful, China and Australia should repair relations
The booming economic exchange activities in Asia have also attracted the attention of the Australian side, hoping to get a share of the pie. However, things are not that simple. During the reign of Morrison , Australia was a vanguard of anti-China in the Indo-Pacific region, and was obsessed with China, and its relations between the two sides deteriorated to a freezing point. For the Australian government, China-Australia relations can only improve only by giving up following the United States to fight against China.
With Morrison's resignation, the newly formed Albany government intends to continue the policy of the previous government, continue to work with the United States, and cause trouble for China, and try to use the Oscu agreement to acquire nuclear submarines and enhance military strength. As former Australian Prime Minister, Keating recently called on the current Australian government in his speech, asking it to withdraw from the "US-American-Australia Alliance" as soon as possible and abandon Cold War thinking . He explained that this alliance will only further make Australia lose its autonomy and will eventually make Australia a vassal of the United States. Keating said that the United States is an ungrateful ally and is not worthy of deep friendship. He believes that Australia should recognize the situation and not always follow the butts of the United States and Japan. It is even more stupid to believe that the United States is fighting against China.
The trend of the world rising east and falling west is already very obvious. The United States has lost its ability to govern the world, but does not want to lose its hegemony, so it can only choose to form cliques. But at the same time, the United States is also sucking blood on its allies. Being an ally of the United States is dangerous. However, maintaining friendly relations with China will not only have tangible interests, but also help the country's economic development. However, the Western countries with "value diplomacy" are deeply rooted in the bones, and few politicians with responsibility and courage can face the problems before them: Should we follow China to win-win results, or follow the United States to rob everywhere? Time will tell us the answer.
