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Guidance for the Brookings community and the public on our response to the coronavirus (COVID-19) »

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On the changing asymmetry of global spillovers

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Yang Liu

Yang Liu is an assistant professor of finance at the University of Hong Kong.

A freight train of China COSCO Shipping Co., Ltd. running from Nanchang to Moscow is pictured before departing from a railway station in Nanchang city, east China's Jiangxi province, 20 Apil 2018.East China's Jiangxi province has launched a new freight train route to Russia. A train carrying clothes, electrical products and suitcases left Nanchang city on Friday (20 April 2018) for Moscow. It is the first freight train linking the city with Europe. The 10,000-kilometer trip will take 15 days, and run every week from June, according to local railway authorities. The new freight route will promote the foreign trade of Nanchang city. Demand for rail freight between China and Europe, an alternative to slower and riskier ocean shipping and costlier air cargo, has exploded in recent years.No Use China. No Use France.

On the changing asymmetry of global spillovers

Rabah Arezki and Yang Liu

Friday, June 19, 2020

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