Economics

China Beats U.S. as Top Market for Asia-Pacific Firms, HSBC Says

  • Survey shows pandemic speeding supply-chain diversification
  • West-to-east shift was happening before RCEP trade deal signed
Photographer: Qilai Shen/Bloomberg
Lock
This article is for subscribers only.

Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.

China has overtaken the U.S. as the top foreign market for companies across Asia-Pacific, according to a new survey that underscored several ways the pandemic is accelerating tectonic shifts in the global economy.