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After eight years of negotiations, the world's largest free trade agreement was finally signed by video on the 15th of this month. The success of this signing is due to the moral responsibility among member States.

There are two recent causes. First, the global outbreak of the COVID-19 epidemic has caused the global economy to shrink. Many countries use quantitative easing to save the domestic economy, but the most important thing is to create private wealth.

Including business operations and people's employment, to improve the economic situation. The RCEP agreement can make the goods trade between member countries exceed 90% of zero-tariff products, which is conducive to promoting trade.

Second, after US President Trump took office, he believed in "making America great again". During his term of office, he adopted an aggressive trade policy, not only to impose tariffs on Chinese goods,

It also imposes tariffs on steel, aluminum and other commodities in Canada, Mexico and the European Union, and even Japan and Australia. Forcing other countries to need more trading partners to counter the unilateral protectionism of the United States,

Otherwise, Australia, as one of the Five-Eye Alliance, and Japan, a close ally of the United States in Asia, did not agree to sign the agreement without government subsidies.

Biden, who announced that he won the US presidential election, can't wait to say that the United States must join hands with other democratic countries to unify its position in global trade policy and compete against China. It seems to have entered the Warring States Period,

The United States is confronting China's economic Lian Heng with political integration. Will there be chaos in the seven countries? In short, the good play is coming.

Yesterday, Moderna, an American drug, issued another statement, saying that the effectiveness of its COVID-19 vaccine reached 94.5%. It also shows once again that in the search for effective new tools that may help control the worsening epidemic situation,

Accelerated efforts by scientists and pharmaceutical companies are paying off. Moderna said in a statement that it may seek regulatory approval in the coming weeks.

Once again affected by the vaccine news, the global stock market was built well, and the Hang Seng Index rose by 0.9% a week; The major European stock markets responded best, and the German DAX index rose by 0.5%; French CAC Index and British FTSE 100 Index also rose by 1.7%.

The new york stock market is led by traditional economic shares, and the Dow Jones index rose by about 1.6%; The Standard & Poor's 500 Index, which Tesla, the leader of the tram, will join as a constituent stock, rose by 1.2%; Nasdaq index also rose 0.8%.

Affected by the vaccine news, the gold market had a false alarm yesterday. It plunged 30 dollars to 1,864 dollars per ounce in three minutes, but then gradually recovered the lost ground and finally closed at the highest loss of 1,888 dollars per ounce.

Two dollars down. It is expected that the price of gold will only fluctuate between 1850 and 1900 before the official US president's name. On the other hand, Bitcoin has continuously risen above the 14,000, 15,000 and 16,000 mark in less than two weeks.

Yesterday, the highest price was US$ 16,897 per piece, only 17,000 from the next pass, and it closed at US$ 16,725 per piece.

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