Global environment:
Politics:
US:Domestically US two parties focused on attract voters for Mid-term election by provide aid for hurrican victims and by pass bills to get jobs back to US. House approved passed Internationally US tighten its sanctions on Russia and Iran and challenge other rising powers such as China.
China:Domestically Chinese gov prepares forcoming 20th communist Congress by promoting great success achieved in past 5-10 yrs to make people happy with gov. Internationally, China tries expend alliences with obor countries as well as Europe countries by form economic and political partners.
Europe:Domestically EU passed the Sweeping Energy Market Intervention plans of about Euro 140 billion.The plan would help EU citizens to reduce their energy burden. However, EU failed to reach agreement on Gas and Energy price cap since strongest economies such as Germany and Francedidn't want their access to energy been capped to handicap their economy growth. Internationally EU still supporting Ukraine to fight off threats from Russia. EU also accepted refugees from Ukraine and Russia.
UK:Domestically UK passed the new bill to cut tax and this trigger big selloff of UK bond and stocks in fears of government's potential insolvent. New government lead by Truss tried to boost economy and curbinflation. People are on street to protest againsthigh energy prices and living costs. Internationally UK follows US boycotting Russia and chanllenge China's growth.
Iran:Domestically Iran faces protest for woman right. Internationally Iran is facing more sanctions from western countries.Economy:
US:US economy still strong with Personal spending rose 0.4% mom in Aug beating market forecast of 0.2%. USpersonal income rose 0.3% in August.
China:Chinese gov boosts the real estate market by cut mortgage rate and waive income tax on property. This lead to huge increase on real estate sector.China service PMI continue to decline while factory PMI rebound. China composite PMI continue to slid. If China wantto boost economy, China need to further boost real estate and automobile industry.
EU:EU industry confidence, consumer morale, economicsentiment all come down due to high inflation, high interest rate and energy crisis. Economic outlook for EUis negative. However, employment in EU is still strong.
Big events:
Covid:US, Thailand, Singapore announced end of covid pandemic. China is stick with covid-zero and expected to lift covid-zero in Nov.
Russia-Ukraine: Ukraine defeated Russia in many places and may cornnered Putin in near term. Thethreats of nuke attact is increasing. US and EU promised to provide more money and weapons to Ukraine. China didn't show preference of any side.
Energy crisis:Nord-Stream all pipes were destroyed by unknown party. Saudi said they will further cut oil production. World stillface energy shortage. EU may comeup with energy usage ration whichwill hurt its economy.
Monkeypox:First case was found in China and more cases were reported globally. Gov are getting ready to deal with new pandemic.
Food crisis:China food reserveis good enough to shelter it fromstarving.But countries as Srilanka, Africa. Lack of food may causepolitical riots in these countries.
Climate change:world consumption on fossil fuel is increasing due to lack of natural gas, hence greenhouse gas emissions also increase. This lead to accelerate ofglobal warming. We experience drought year in 2022 and may experience drier year in 2023. This willreduce food and other productionsglobally.
Other:Water shortage may because serious issue in coming years.
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