Global environment:
Politics:
-US: Domestically US is still preparing for Midterm election. Democrats are trying to pass more bills to benefits residents. Republicans are tring to blocking these acts. Internationally, US is strengthening its tie with allies to curb the growths of potential threats such as Russia and China. US are rolling out more cooperation agreements with NA and EU countries and leave Russia and China out.
-China: Domestically China is still preparing for the coming 20th communist congress. Governments are trying to boost economy while reducing therisk of covid outbreak. Internationally, China is trying to expand its cooperation with different countires to strengthen its exports.
-UK: Domestically UK is still immerced in grief of lost Queen Elizabeth II. The new Prime Minister try to keep the economy at high growth paceas well as keep energy price low for citizens. Internationally, UK is lining up with US to boycott Russia and potentially China.
Economy:
-US: US economy remain strong in q3 2022 and may extend this trend to 2023.
-China: China is struggling with downward pressure due to Covid and competition from other countries.
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