Thousand Cities Strategic Algorithms Answers Post-Pandemic Economic Concerns During RBWC's IMF/World Bank Meeting with a Breakthrough Data-Driven Macroeconomic Solution

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WASHINGTON, Oct. 21, 2020 /PRNewswire=KYODO JBN/ --

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