Global environment:
Politics:
US: internally US is focusing on preparing for the president election. This means each party will find a way to frustrate the other parties bills or acts. Internationally, US is supporting Ukraine and Israel to fight against Russia and Hamas. US is making allies with EU and Asia countries to strengthen its power globally.
China: internally China is holidng the national representative meetings in beijing. So locally, it is seeking peaceful environment to hold the national reprsentative meeting. Most things would under close monitor during this period. Internationally, China is building close ties with EU and Asia countries to enlarge its business partners and political friends. Depending on internal and international situation, China may rebuild the relationship with US if needed.
EU: internally EU is dealing with political pressure from high inflation and worse living standards. Internationally, EU is allied with US to smash the threats from Russia and China.Economics:
US:internally US economy is quite strong indicated by low unemployment rates and strong consumer spendings. As long as the umemployment keep at records low, consumer spending would be strong. Consumer spending accounted for about 70% of the total GDP. So we haven't seen how this economy boom would end in near future. Internationally, demands for US goods keep growing. While imports are declining slowly due to government's efforts on move manufactures back to US. So overall, we would see a strong US economy in short term.
China:internally China is suffering from high unemployment ratio due to crash of several industry and government's scrunities on others industries. The high unemployements lead to low consumer spending. Lack of confidence lead to reducing investments from enterprise. While the government spending is capped by skyrocketing debts outstanding during the covid period. Make it worse is that chinese population is decreasing. So chinese residences total demand is declining in short term. Loose monetary policy and loose fiscal policy are needed to stimulate the local economy.
EU:internally EU is badly hurt by energy crisis, households are cutting their expenses greatly. Internationally energy crisis and hug subsidies from other countries handicapped the EU exports.
Culture:
US: US is still engaged with pop culture which helps people to enjoy their lifes.
China: Chinese youth are enjoying the lying flat culture, and lowered their expectation gradually.
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