Coronavirus recovery: pickup in US economy, consumer spending could be to China’s benefit

China led the world in economic recovery from the Covid-19 pandemic. The renminbi has strengthened versus major currencies. The United States looks as if it, too, is now getting a grip on the pandemic and the US economy should also bounce back smartly. That should benefit the US dollar, but the renminbi will continue to outperform.Containing Covid-19 via a successful vaccine roll-out is key to both reopening the US economy and unleashing pent-up demand from US consumers. With consumer spending…

Read the original article at South China Morning Post