This year, I tuned into the livestream of the Intellectual Property Forum 2025 on November 11th, and I have to say, it really got me thinking. As someone who's always curious about what the future holds and tends to spend less time looking back, I found that this event offered me a lot of valuable insights—especially about Huawei’s story, which I find truly inspiring. While jotting down notes during the live session, I realized I had written quite a lot about Huawei's advancements, so I decided to put together a more thoughtful reflection to share.

The way the Central Bank raised interest rates was wrong. They increased rates gradually due to fears from both politics and the business world that supports them. As a result, both interest rates and inflation rose. They did everything they could to validate the thesis that "interest creates inflation." The inflation they inherited was around 38%, and they raised it to 75%.

Official U.S. figures show the fastest price rise in sectors from 2020 to 2024 (seasonally adjusted) as follows: Transportation: 27.1% Food and Beverage: 25.2% Housing: 23.7% Other Goods and Services: 22.0% Health Expenditures: 10.0% Apparel: 6.9%

International organizations' assessments of Turkey for the upcoming year are attracting considerable attention lately. In the latest OECD report, some forecasts have been made regarding Turkey's macroeconomic parameters. The report predicts that the inflation in Turkey for the year 2024 will average 58.3%. It also mentions that in 2025, the annual average inflation is expected to be 30.7%, and in 2026, this rate will decrease to 17.2%. In summary, even in the OECD reports, written by field agents collecting tangible data, there is no expectation of single-digit inflation.

In the United States, the inflation rates for October appear to have aligned with expectations. Therefore, we can say that the anticipation of another interest rate cut from the Fed in December has also increased.

With Trump's election, some commentators interpreted the rise of the US Dollar as a sign that "America is on the right track." It wouldn't be wrong to say that the rise in US stock markets also supported this idea. However, I think we need to look at the issue from a different perspective.

In the last two days of October, I experienced a rather exciting and surprising event in Istanbul. The event organized by Huawei under the theme of transitioning from 5G to 5.5G satisfied visitors in every respect, and I must say that Istanbul made a good host. The MBBF and UBBF events held at the Halic Congress Center were filled with engaging content. The opening speech of the event was delivered by Ken Hu, Deputy Chairman of Huawei Technologies. The most striking part of his speech that stuck with me was this:

The inflation rate for October was announced this morning. The Consumer Price Index (CPI) was reported at 2.88%, which is higher than expected. However, the median expectation of 19 institutions participating in a news channel's inflation survey regarding October was a monthly rate of 2.5%. Accordingly, the annual inflation for October was expected to be around 48%.

Dear Friends, we often comment on developments related to the Far East, especially China, based on hearsay and clichés that we have heard before. Western countries, especially those closer to the East, are aware that a new world order is being established. In this new order, regional trade collaborations like RCEP will gain importance as win-win spillover effects attract economic entities.