Weekly Macro Update: Globalization is Still Strong, but Changing
Despite fears of decoupling, financial flows seem to be ignoring rising tensions between China and the United States and its allies, as global investment continues to pour into China and Asia. China’s own investments have also been rising within its region, even if deals in the U.S. and Europe have fallen dramatically—especially as authorities there block investments in advanced technology. These patterns will continue to evolve as the pandemic ends, but investors should continue to count on a world that seems to be further integrating, rather than falling apart.
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