Daily commentary-每日见闻-2022.9.15

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2022-09-15 / 0 评论 / 10 阅读 / 正在检测是否收录...

Global environment:


Politics:

US: Domestically US is still focusing on make residences' living cost more affordable and boost domestic economy; Internationally US is countering Russia and China, which are big threats to US.

China: Domestically China is fighting with economy slowdowns and preparing for coming the 20th Communist Congress. Internationally China isfocusing on establish more connections with other countries while counter US on competitions on Chips, Biological Medicine, New Energy.
 
EU: Domestically EU is filling up its energy reserve for winter usage and try to keep living cost low for residents. Internationally EU is pressing Russia stop the war with Ukraine.

UK: Domestically UK is trying to lower residents living cost and boost local economy.Internationally UK is coordinate closely with US to counter Russia and China.

Economy:

US: US GDP is still strong with 1.7% annual growth rate in Q2 2022. Interest rate is relative low at 2.5%. CPI is relative high at 8.3%. Unemployment rate is relative low at 3.7%. Overall US economy is very healthy.
China: China economy is slowing down with a 0.4% GDP increase in Q2 2022. Interest rate in China is in the middle range at 3.65 which just get cut by about 0.15%. China inflation rate is relatively low at 2.5% in Aug. Unemployment rate in China is relatively high at 5.4% in Jul. The outlook for China economy is uncertain give Covid pandemic situation.
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