Global environment:

Politics:

US: Domestically US focused on pushing through acts to create jobs and lower living costs for citizens. Internationally US is challenging potential rivals in key industries to keep US's edge on key industries. What is key industry for US? They are chips, biotech, new energy. Why these three industries are very important? Since these products could greatly improve productivities.
China: Domestically China focused on coming 20th communist congree. Internationally China trys to establishmore allies to counter the pressure from US.