In our ‘1st Quarter 2017 Newsletter’, we had our first “Trumpdate” article. At the time, all anybody really knew was that this Presidency was not going to be like any other. The direction that the Administration was going in was still developing. Now the image is getting a little clearer. In the past couple of months, trade talks have increased, especially around the in the subject of China. In early November of 2017, President Trump visited China and began the next phase of discussions with President Xi Jinping.
President Trump’s approach to China during his early stages had been shaped by his deeply felt opinion that unfair trade practices have harmed American workers. After July’s Comprehensive Economic Dialogue; both the U.S. and China expressed their interest in narrowing the trade deficit. Many have predicted that based on the staff that President Trump brought on his most recent trip, the deals will likely center around China buying American energy, farm products, aircraft, and machinery.
On this topic there are two major developing opinions within American business communities:
- First, people are concerned that President Trump’s focus on the deficit could distract from larger problems such as market access and global competition. As we all know, China is the most populated country in the world. Those populations are potential customers for U.S. manufacturers that do a lot of exporting to China. Inaccessible markets would be a problem. China has always been strict with their industry policy, and could use those policies against the United States such as limiting investments or exports.
- Secondly, people have developed the thought that China will see President Trump’s proposal as an opportunity to open different industry sectors to foreign direct investment. This scenario will benefit all parties. The U.S. manufacturers will gain more business with China, and China’s economic growth will be boosted from all the foreign direct investment.
The result is still beyond anybody’s prediction. From his November visit, President Trump was able to sign billion worth of deals. The two countries sealed a total of 19 agreements covering bioscience, aviation, and smart manufacturing. It was also announced that Chinese e-commerce giant JD.com would buy billion of U.S. goods, predominantly beef and pork-based products. The U.S. was able to gain more exports from China and reduce the trade deficit. In return, China has proposed broader economic interaction between the two countries, including:
- Buying more manufactured products and energy from the United States
- Lifting export restrictions on hi-tech products so that more Chinese products can be imported to the U.S. to help reduce the trade deficit
- Having more opportunity to cooperate with the U.S. in research and development fields such as space and aviation
- Implementing the U.S. participating with the “Belt and Road Initiative” as well as the Asian Infrastructure Investment Bank
- Requesting the U.S. to tone down the Section 301 probe into alleged Chinese IP Violation
Stay tuned for our next Trumpdate coming to you at the end of March 2018.
Nearly a year ago, in January 2017, the roll-out of the Columbus Smart City plan was announced. As highlighted in one of our previous newsletters, it is a comprehensive plan proposed in October of 2016 includes new technologies, connected infrastructure, electric vehicles, integrated data platforms, and more. You may be asking “what’s next?”. Developments and plans for Smart City can be found on the Smart Columbus homepage (https://www.columbus.gov/smartcolumbus/). But that is not going to be the most recent project developing in Columbus. Now, it is the Hyperloop!
The Mid-Ohio Regional Planning Commission has proposed a plan to build a high-speed transportation system between Chicago-Columbus-Pittsburgh. It was announced in September of 2017 that the Midwest route is one of ten international finalists chosen, and one of four in the U.S.
Elon Musk, the founder of Tesla, invented the Hyperloop. It is a high-speed transportation system incorporating reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motor and air compressors. This new transportation technology will be a game changer for many industries.
The first industry is the aviation industry. If the Hyperloop is established, a 7-hour flight would take half the time. The airline companies that will be affected are those whose revenue comes from the domestic market. Next is the freight industry. Giant companies like Amazon will be very interested in high-speed freight services. Amazon fulfillment centers will be strategically placed along the Hyperloop routes. Lastly, the job market. The new Hyperloop transportation system will remake Columbus. Thea Walsh, Director of Transportation Systems and Funding for the Mid-Ohio Regional Planning Commission stated that, “For people who don’t have access to the big cities like even Columbus may have a way to get in here to access the job market.” The job market will be more competitive because the location barrier will be lower. For example, if you have a job in Columbus, you could live in your hometown of Chicago. Can you think of any places where that is currently the case?
There are many socio-economic factors that would benefit from the Hyperloop relating to the Columbus Smart City. Just look at some of the impacts the Bullet Train had on regional economies in China. Studies by the World Bank found that over the span of 10 years, 15 cities benefited in 209,609.5 million yuan in GDP. The transportation industry alone gained nearly 2,000 million yuan during the time.
To read more check out the link below:
We have been publishing a quarterly newsletter for nearly two years to an exclusive list of email subscribers. With nearly 400 subscribers, we thought it was time to go public. We are proud to announce that ‘Issue #7: Industry 4.0’ will be hosted for the first time ever on our website. Industry 4.0 will feature a newly designed layout geared to be direct and user friendly. Check out past editions: http://www.889globalsolutions.com/889-global-solutions-newsletter/
Here at 889, we envision this newsletter to be a source of information for all companies that are involved in manufacturing and procurement. We will be covering trending topics and developing industry news. We will have provided content from peers and partners within the industry that we identify as thought leaders. If you or somebody you know would like to get involved in the next quarterly edition, please contact our team at email@example.com.
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We look to publish the newest edition Wednesday, December 20th during your lunch break. Hope you enjoy!
Technological advancement is accelerating every day. Among the fastest evolving technologies in 2017 is Artificial Intelligence. According to Accenture, Artificial Intelligence is a collection of multiple technologies that enable machines to sense, comprehend, act, and learn, either on their own or to augment human activities (Accenture). There is a wide variety Artificial Intelligence applications; among them its application in the Healthcare Industry.
The Artificial Intelligence is already helping healthcare providers in data management. The data management process start with collecting, storing, normalizing, and tracing data traditionally managed by a human system. Google, a leader in AI, launched its Google Deepmind Health Project in 2016 (Matthew, 2016). This project is used to mine data of medical records in order to provide more accurate and faster access to health data (Mesko, 2016). The project is in its initial state, so it remains pretty difficult to tell whether or not this new project will make big impact to the industry.
Artificial Intelligence can also be applied in designing treatment plans. IBM is attempting to improve treatment plan design. It launched this special program for oncologists and is able to provide clinicians evidence-based treatment options (Mesko, 2016). It helps the doctors to identify the key information in a patient’s medical record, provide relevant articles, and explore treatment options to reduce unwanted variation of care and give time back to their patients (Mesko, 2016). By combining all attributes, Watson can recommend holistic treatment plans for a patient.
Naturally, Artificial Intelligence is helpful in assisting repetitive tasks. As true in healthcare as any other industries, IBM launched a new project in this area called Medical Sieve (Mesko, 2016). Medical Sieve is an ambitious long term exploratory project to build a next generation cognitive assistant with advanced multimodal analytics, clinical knowledge, and reasoning capabilities that is qualified to assist in clinical decision-making in radiology and cardiology (Mesko, 2016). The cognitive assistant can help radiologist and cardiologist analyze image to spot and detect problems faster and more reliably.
Artificial Intelligence will also revolutionize the way doctors and patients interact. Today, when you are sick, you need to pick up your phone, call you general practitioner and make an appointment. In the future, online medical consultation and medical service will be possible through AI implementation. One of the companies that has offered this kind of service is Babylon, a new British startup (Mesko, 2016). Babylon launched its application that offers medical consultation online based on a patient’s medical records and general medical knowledge (Mesko, 2016). The app will also remind patients to take their medicine regularly and follow up to find out how they are feeling.
Artificial Intelligence will have a huge impact on genetics and genomics as well. Deep genomics, a system that predicts the molecular effects of genetic variation, leads to new discovery for disease diagnostics and therapies (Deep Genomics). Its purpose is identifying patterns in huge data sets of genetic information and medical records, looking for mutations and linkage to disease (Mesko, 2016). In other words, this AI will help to invent a new generation of computational technologies that will inform doctors what will happen within a cell when DNA is altered by genetic variation, whether natural or therapeutic (Mesko, 2016).
In terms of decision making, artificial intelligence is rapidly advancing. Digital health apps and wearable smart devices are more popular than ever. The proliferation of this trend has the potential to empower individuals to manage their health before intervention is needed (Burke, 2017). Technologies help people make sense of their conditions, sort through their treatment options, and make wise decision about their care. Overall, increasing a patient’s knowledge about their care and improving their satisfaction.
Healthcare has already evolved drastically throughout the 21st century. Traditionally, successful treatment has relied on connections between healthcare providers, payers, pharmaceutical or medical device companies and other auxiliary players, while still requiring the patient to manage their own care. Overtime, focus has shifted to the patient while establishing a coordinated, cohesive effort among all healthcare industry professionals to deliver more effective and efficient care. With the introduction and evolution of Artificial Intelligence, the ability to provide the patient with the most effective treatment has taken a quantum leap forward.
Accenture. (n.d.). ARTIFICIAL INTELLIGENCE, PUT TO WORK. Retrieved May 26, 2017, from Accenture: https://www.accenture.com/us-en/insight-artificial-intelligence-software
Burke, Z. (2017, February 13). Healthcare industry, or consumer health industry? Retrieved May 26, 2017, from Healthcare IT News: http://www.healthcareitnews.com/news/healthcare-industry-or-consumer-health-industry
Deep Genomics. (n.d.). Changing The Course Of Genomic Medicine. Retrieved May 26, 2017, from Deep Genomics: https://www.deepgenomics.com/
Matthew, J. (2016, February 26). Google Launches DeepMind Health, Bringing AI to Healthcare. Retrieved May 26, 2017, from Futurism: https://futurism.com/google-officially-announces-launch-deepmind-health/
Mesko, B. (2016, August 17). Artificial Intelligence Will Redesign Healthcare. Retrieved May 26, 2017, from The Medical Futurist: http://medicalfuturist.com/artificial-intelligence-will-redesign-healthcare/
On April 3rd, all the real estate companies were forced to shut down in Xiongxian, a county in Xiongan Area, where the police chased real estate speculators soon after the region was established. You might wonder what escalated the situation and led to police violence, so let me give a brief introduction to Xiongan Area first.
On April 1st 2017, the Chinese Communist Party’s Central Committee and the State Council decided to establish a national new area in Xiongan, encompassing three counties of Xiongxian, Roncheng and Anxin. The foundation of the area is another crucial strategic choice proposed by the party after the establishment of the Shengzhen Economic Zone and Shanghai Pudong New Area. The Xiongan New Area has ample natural resources, including natural gas, oil, subterranean heat, and mineral resources, and has an excellent ecosystem with various species of plants and animals.
Initially, the Chinese government desired to offer a solution for the problems faced by Beijing with the Xiongan project. The plan will adjust Beijing’s spatial structure to relieve the pressure of population, and provide a new mode to improve high populated areas. In addition, it will transform the industry structure to make the businesses environmental friendly. Moreover, the plan will facilitate the relocation of non-capital functions from Beijing to its surrounding vicinity, bringing a population of 20 million people to the labor force in underdeveloped regions.
However, the government’s stated vision is now more ambitious than the original goals. They seek to emphasize the innovation and advanced technology in business clusters in order to reactivate growth in the regions of Pearl River Delta and Yangtze River Delta after the economic recession. In addition to economy and infrastructure, the plan also focuses on the continuity of culture in the Xiongan New Area. The government will fund a project to collect regional folklore and preserve local tradition.
Naturally, many real estate agencies perceive this as an opportunity to invest in housing, and they overcrowded the area soon after the establishment of the area. The government quickly issued a ban on real estate purchases to prevent the rising prices in housing, and ensure low-income citizens can afford to live in the area, which results in the scene in the beginning of this article. The CCP plans for the new area to achieve sustainable development and improve the residents’ living standards while prevents unethical profiting on the housing market and further aggravation of the economy. Despite conflicting interests between government and investors, the new area is already attracting new talent to contribute to its growth. After government’s initiative to develop the new area, more PhDs come to the area to seek career advancements.
The plan for the Xiongan Area bears witness to conflicting interest between Chinese businesses and the government. It is yet to be seen whether the Xiongan New Area is capable of ensuring China’s holistic developments by maintaining citizens’ welfare while creating ample businesses opportunities for enterprises.
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