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2018 Review

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2018 is coming to the end, some of the disturbances happen in this year have come to an end and have a perfect ending, but some continue to be in the process of fermentation, and the problem continues to expand.  Let’s Review the 2018 incident:

1. America First

President Trump express message of to deliver America First in World Economic Forum.  It refers to a foreign policy in the United States that emphasizes American nationalism, economic nationalism and non-interventionism, which protecting employment, advocated controlling immigration and encouraging manufacturing investment back to United States.  Protecting Americans’ employment opportunities, fair trade agreement and promote the development of the US export industry

2. China-United States Trade war and The Belt and Road Initiative

President Trump implement a series of trade strategies to increase tariffs and other penalties to resist China’s future technologies dominate of the world. Moreover, Trump want to correct the US global trade imbalance and protect US companies, forbidden US technologies stolen or coerced by Chinese companies.  Chinese firms force them into partnerships, then steal their technology and eventually end the joint venture.  Use government funds to steal American technology secrets and innovations. Use "cyber intrusions" into US commercial networks to spy on US commerce.  Moreover, American companies operating in China don't have the same property rights that Chinese firms do.  Close to the year end, the China-US trade war extends Huawei CEO Meng Wangzhou to accuse her of fraudulently representing Huawei to get around US sanctions on Iran.

3. Currency War

Donald Trump post on the Twitter said that, "Russia and China are playing the Currency Devaluation game as the US keeps raising interest rates. Not acceptable!"  US President Donald Trump and other U.S officials have accused Russia, China, Germany and Japan of devaluing their currencies while the United States raises interest rates. 

4. Inter-Korea Summit and North Korea–United States summit

The Inter-Korea Summit was focused on the North Korean nuclear weapons program and denuclearization of the Korean Peninsula.

2018 North Korea-United States Summit, this was the first-ever meeting between leaders of the United States and North Korea. They signed a joint statement, agreeing to security guarantees for North Korea, new peaceful relations, the denuclearization of the Korean Peninsula, recovery of soldiers' remains, and follow-up negotiations between high-level officials.

5. FIFA World Cup

The FIFA World Cup is the globe’s biggest sporting event, and is most watched game in the world.  This year, five continents are represented and 32 qualified teams competing for the title.  At the end of the game, France defeated the tough Croatia won the 2018 World Cup final in Moscow.

6. Oil Crisis

In October, 2018 the oil price hit a four-year high, the market is torrified that oil prices may continue to rise above 100 or reach historical highs. However, prices have fallen as a result of the global economy and the decline in demand for trade war uncertainties.

7. Brexit

Negotiations for nearly two years of the Brexit agreement continue in the uncertain situation, March 27, 2019 the official time to withdraw from Europe is approaching.  The market start thinking that may have four different scenarios for Brexit. 1. Agreement for Brexit 2. No agreement 3. Second Brexit Referendum 4. Cancel Brexit, stay in EU

A series of unclear Brexit conditions have weakened UK business investment and consumer demand, which will affect the UK's economic growth prospects. The expected growth rate may hit weakest since 2009.

8. Cryptocurrencies crisis 

Cryptocurrencies have fallen about 80% this year, and the market value has evaporated by nearly $700 billion. This is due to the industry's infighting; security of trading platforms and the increasingly strict on government regulation. There is no evidence that the Cryptocurrency is already reached the rock bottom.  Will the future Cryptocurrency market disappear?  No, the Cryptocurrency market and blockchain technology are still in use, and the use of various large financial institutions and logistics companies continue to increase, so can still be optimist into the future.

Many major events in 2018 have great relations with China and the United States. The struggle between the two countries and the political and economic struggle between two countries and other countries are believed to be uninterrupted in 2019, especially the crisis situation cause by China-US trade war and the China Belt and Road Initiative will certainly not decrease. Uncertainty factor and the unexpected situation will surely emerge in an endless stream. The global security problem is jeopardized. Everyone in the world may need to have enough wisdom to face and confront these situations. Let us closely observe the pulse of the world financial stock market and be cautious.

The resource of cover photo is from following website:

https://vickirebecca.com/top-10-year-end-review-questions/

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