Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, October 22 2020 - 00:08
AsiaNet
Thousand Cities Strategic Algorithms Answers Post-Pandemic Economic Concerns During RBWC's IMF/World Bank Meeting with a Breakthrough Data-Driven Macroeconomic Solution
WASHINGTON, Oct. 21, 2020 /PRNewswire-AsiaNet/ --

The Reinventing Bretton Woods Committee (RBWC) recently hosted the first of its 
IMF/World Bank Fall Meetings – "The Economics of Pandemics: The Role of Data". 
Thousand Cities Strategic Algorithms (TCSA) was invited as a panelist and 
distinguished expert in the field of sovereign currency technologies.

The weeklong IMF/World Bank Fall Meetings were attended by global central bank 
authorities, such as the Head of Statistics at the Bank of International 
Settlements, as well as central bank governors and representatives from Japan, 
Canada, Singapore, Spain, Czech Republic, Armenia, South Africa, Brazil, 
Mexico, and Peru. Attendees discussed the increasing importance of data-driven 
policymaking after the pandemic and shared their visions for building economic 
resilience through financial and technological innovations. 

In the face of the universal economic challenges shared by these global 
authorities, Mr. Adkins Zheng, the Chief Algorithm Officer of TCSA, put forward 
an innovative macroeconomic theory and data technology solution to global 
economic challenges. 

To fight increasing chaos and build a global economic framework capable of 
sustainable, endogenous growth, the TCSA research team has achieved two 
significant and fundamental breakthroughs in the pursuit of a national 
"economic data brain" for global policymakers:

First, TCSA developed a fully digitizable and algorithmic macroeconomic 
framework capable of synchronizing and integrating national economic, fiscal 
data, and monetary/financial data systems. This framework innovates upon 
existing international statistical standards like the "SNA, GFS, and MFSMCG." 

Second, TCSA has overcome the technological bottleneck of computing extreme 
quantities of granular, national-scale data sets. Many countries have proposed 
the concept of a national "economic data brain" but cannot overcome the 
shortage of processing power and capital investment costs. TCSA's data system 
has created a simpler algorithmic structure that forms the basis of a highly 
efficient, logic-oriented, and cost-effective next generation data network.

Reportedly, TCSA's Global Affairs department has established English, Russian, 
Spanish and Arabic multi-lingual task forces to provide breakthrough consulting 
services to various economic entities.

SOURCE  Thousand Cities

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   Caption: RBWC’s IMF/World Bank Meeting

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