One door closes, another one opens. Capital beating a retreat from Europe, land of austerity and heightened sovereign risk, is charging into emerging markets. The Washington-based Institute of International Finance reckons net private inflows to emerging markets will exceed $700bn this year – up from $530bn last year – and rise a further $40bn or so in 2011.
一扇门关闭,就会有另一扇门开启。从厉行节俭、主权风险加剧的欧洲撤离的资金,正冲入新兴市场。位于华盛顿的国际金融协会(IIF)估计,今年新兴市场的私人资金净流入将超过7000亿美元,高于去年的5300亿美元;而2011年还会再增加400亿美元。
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