US and to please their citizens to get their votes. The way for them to please their citizen is promising more income and benefits. Since China is abig competitor for US and UK. So US and UK need to cut deals from China to weaken Chinese capability.
US:
Politics: President Biden is trying to win support by easing high inflation and back to top of the world power. So overall, we expect US would be more aggressive on potential competitors, China and Russia.
Economy: US economy is strong on back of robust consumer spending. It isexpected that US economy will keep strong in 2022 with growth at 3.5%.
Culture: US citizens are ok with their lifes now. But they don't think Biden is a capable leader to lead US to win next century. US citizens want a younger president to lead them. It shows that Biden doesn't have too much connections with people.
Technology: US is trying to reboost its global lead on tech. So house and congress are working closely to pass chip stimuls bill to inject more money to chip industry.
Health: US citizen's health are affected by Covid and I expect life span of US citizen will shorten in 2021.
Education: US continue to strengthen its basic and high level education to maintain its leading on technology.
China:
Politics: More peaceful politics in China. But relationship with US is tight.
Economy: China Q2 economy is 0.4% or almost flat yoy or about -2.6% decrease from last quarter due to strict Covid lockdown in Q2 2022. Given big GDP loss in Q2, it is hard for China to complete its targeted 5.5% growth in 2022. China government need to boost consumer spending and government investment to stimulus economy. There is limited tools Chinese government could use to boost stimulus now.
Culture: Chinese citizens are focusing now on how to have a better life and try to enjoy life. They still look forward to bright future in next 5-10 yrs.
Technology: China invested heavily on needed chips, digital platform, new energy and expect these could drive economy growth for next 5-10 years.
Health: Chinese citizen's health are affected by covid. Covid may reduce people's life span.
Education: China is focusing on improve basic education national wide.
Europe:
Politics:People are unsatisfied with increasing living costs and lack of live necessaries. People's anger against government are increasing.
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