中美貿易戰

Covid crisis has accelerated big trends in China’s favour
新冠危機突顯中國相對實力

Recent renminbi rally underscores shift in the economic balance from west to east
麥考密克:中國等東亞國家從良好的新冠疫情管理中獲得成長紅利,同時中國的國際收支保持韌性,與美國貿易逆差上升形成反差。

China and much of east Asia have had a good crisis, relatively speaking. The recent rally in the renminbi shows currency markets are starting to acknowledge this. But it is just the tip of the iceberg. A shift in the economic balance, away from the west and towards Asia, was well under way before Covid-19. The pandemic just accelerated it.

相對而言,中國和東亞大部分地區經歷了一場不錯的危機。人民幣最近走強表明,外匯市場開始認識到這一點。但這只是冰山一角。經濟平衡(economic balance)從西方向亞洲的轉移早在新型冠狀病毒肺炎(COVID-19,即2019冠狀病毒病)疫情之前就已經開始了。新冠疫情只是加速了這一過程。

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