Is the U.S. losing its edge and importance in the Asia/Pacific region, where so much of the global auto industry action and economic growth is taking place these days? That may be too soon to say with certainty, but a new, 53-page Hongkong Shanghai Bank Corp. (HSBC) report indicates East and West appear to be on different tacks and “decoupling.” This year, for example, writes HSBC economist Peter Morgan, Asian economies “are showing increasing independence from the U.S. economy,” with ...
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