China has returned from an eight-day Mid-Autumn festival with investors encouraged by a robust rebound in tourism and ebbing coronavirus cases.
In the U.S. midwest, infections are at record levels and the World Health Organization is urging fresh curbs for Europe. “The economic fallout of COVID-19 has accelerated the relative decline of the U.S. as the world’s economic engine,” said ANZ chief economist Richard Yetsenga. “It is also increasing the centrality of Asia - and particularly, of China.”. Foreigners' buying of Chinese government bonds hit its fastest pace in more than two years last month.lower and underpinned small but broad gains for the dollar against other majors.
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