US:
Politics:Biden administration still focusing on getting votes for mid-term election. The best way to getting votes is to complete what he committed and win glory for its citizens. US citizens want to live a better life.
Economics:Since Fed signals that it may slow down its rate hiking, stock market and debt market are cheering this potential change. Market priced in about 3% rate hike already. If Fed hike rate more than this, market may further correct.
Culture:People are care more about how to make money and how to enjoy life. Also people are more divided.
Technology:US passed a bill to boost the chip industry.
Health:US is working on a deal to cut medicine cost for care plan.
Education:US is delay the payment for students loans.
China:
Politics:Chinese Political Bureau is asking for stable political and economical environment for 2H 2022 with more focus on people's living. Government is pledged to protect people's right on house, daily living, working, and enjoying life. What is matter to people's daily life? Eat, wearing, house, necessaries, cars/bike. These are the basic need of people. People need to work to get salary to have a beter life. So government need to help people get employed first.
Economy:Chinese economy contracted by about 2.6% in Q2 2022 qoq. So society production is reduced and people's income also reduced. Government need to put more money to the society to make it work to generate more products and services. This would generate more work and income for citizens. Fiscal stimulus include enlarge investment on new fundamental infrastructure, which include transportation, next energy, new computing, new material
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