Global environment:
Politics:Overall, US try to isolate China and crash Russia. EU minize the conflict with China. APEC coutries moved close to US and increase competition with China.
China:Externally,
EU:Externally, EU preparing for a united policy on China from its members.UK:Internally Prime Minister Sunank is under investigation on his false financial filing. If he conviced wrong doing, he will face pressure to step down.
Economy:Overall global economy is still strong even Fed rate hike loomed the economy growth forecast.
China:Chinese economy expanded @ 4.5% rate yoy, which is higher than economist expectation of 4%. Agriculture industry and service industry increased more than expected. Manufacturing industry also grew strongly.
UK:UK wage continue to rise in the three months February. It rose 5.9%yoy, above the expectation of 5.1%. Finance sector and construction sector increased the most. After deducting inflation,real wage growth was negative.
Culture:
US:Internally US people more prefer remote working.Milleniums enjoys life more.
China:Internally Chinese gov boosts national culture confidence. Elevated the good traditional merits, such as respect old and respect others. Chinese milleniums more oriented towards cyber culture, which is selfish, cute, enjoy life.
Education:
China:Internally, Chinese education resources are more concentrated to rich classes.Technology:
China:China is focusing on leverage latest digital-tech to increase the productivity of all industry.This would need a lot of CPU and GPUs.
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