{"id":2501847,"date":"2025-04-16T18:53:04","date_gmt":"2025-04-16T18:53:04","guid":{"rendered":"https:\/\/www.wacoca.com\/news\/2501847\/"},"modified":"2025-04-16T18:53:04","modified_gmt":"2025-04-16T18:53:04","slug":"%e3%82%b3%e3%83%a9%e3%83%a0%ef%bc%9a%e7%b1%b3%e4%b8%ad%e3%83%87%e3%82%ab%e3%83%83%e3%83%97%e3%83%aa%e3%83%b3%e3%82%b0%e3%80%81%e3%80%8c%e5%bc%95%e3%81%8d%e8%bf%94%e3%81%97%e4%b8%8d%e8%83%bd%e7%82%b9","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/news\/2501847\/","title":{"rendered":"\u30b3\u30e9\u30e0\uff1a\u7c73\u4e2d\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\u3001\u300c\u5f15\u304d\u8fd4\u3057\u4e0d\u80fd\u70b9\u300d\u8d8a\u3048\u305f\u304b | \u30ed\u30a4\u30bf\u30fc"},"content":{"rendered":"

\"コラム：米中デカップリング、「引き返し不能点」越えたか\"\/<\/p>\n

\u3000\uff14\u6708\uff11\uff15\u65e5\u3001\u300c\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\uff08\u5207\u308a\u96e2\u3057\uff09\u300d\u306f\u3082\u306f\u3084\u5358\u306a\u308b\u653f\u6cbb\u7684\u30b9\u30ed\u30fc\u30ac\u30f3\u3067\u306f\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002\u5199\u771f\u306f\u7c73\u56fd\u3068\u4e2d\u56fd\u306e\u65d7\u3002\u30dc\u30b9\u30c8\u30f3\u3067\uff12\uff10\uff12\uff11\u5e74\uff11\uff11\u6708\u64ae\u5f71\uff08\uff12\uff10\uff12\uff15\u5e74\u3000\u30ed\u30a4\u30bf\u30fc\/Brian Snyder\uff09<\/p>\n

[\u9999\u6e2f \uff11\uff15\u65e5 \u30ed\u30a4\u30bf\u30fc\u3000BREAKINGVIEWS] – \u300c\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\uff08\u5207\u308a\u96e2\u3057\uff09\u300d\u306f\u3082\u306f\u3084\u5358\u306a\u308b\u653f\u6cbb\u7684\u30b9\u30ed\u30fc\u30ac\u30f3\u3067\u306f\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002\u904e\u53bb\uff11\uff10\u5e74\u9593\u3001\u7c73\u56fd\u306e\u653f\u6a29\u306f\u4e2d\u56fd\u304c\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u306a\u308c\u308b\u53ef\u80fd\u6027\u3092\u58f0\u9ad8\u306b\u63d0\u5531\u3057\u3001\u6575\u3060\u3068\u8a00\u53ca\u3059\u308b\u3053\u3068\u3092\u63a7\u3048\u3066\u304d\u305f\u304c\u3001\u305d\u3046\u3057\u305f\u697d\u89b3\u8ad6\u306f\u307b\u307c\u6d88\u3048\u5931\u305b\u305f\u3002\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u7c73\u56fd\u306b\u8f38\u5165\u3055\u308c\u308b\u4e2d\u56fd\u88fd\u54c1\u306b\u61f2\u7f70\u7684\u3067\u5e83\u7bc4\u56f2\u306e\u95a2\u7a0e\u3092\u8ab2\u3057\u3001\u524d\u653f\u6a29\u307e\u3067\u63a1\u7528\u3055\u308c\u3066\u304d\u305f\u300csmall yard,high fence\uff08\u91cd\u70b9\u5206\u91ce\u3060\u3051\u5f37\u56fa\u306b\u5b88\u308a\u3092\u56fa\u3081\u308b\uff09\u300d\u653f\u7b56\u306f\u653e\u68c4\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u653f\u7b56\u306e\u4e0b\u3067\u306f\u3001\u7279\u306b\u6226\u7565\u7684\u306b\u5927\u4e8b\u306a\u30cf\u30a4\u30c6\u30af\u7523\u696d\u306b\u7684\u3092\u7d5e\u3063\u3066\u969c\u58c1\u3092\u8a2d\u3051\u3064\u3064\u3001\u4ed6\u306e\u9818\u57df\u3067\u306f\u4e2d\u56fd\u3068\u306e\u5354\u529b\u3092\u6a21\u7d22\u3057\u3066\u3044\u305f\u3002<\/p>\n

\u4e2d\u56fd\u306e\u7fd2\u8fd1\u5e73\u56fd\u5bb6\u4e3b\u5e2d\u306f\u3001\u660e\u78ba\u306a\u30b4\u30fc\u30eb\u306e\u306a\u3044\u7c73\u56fd\u3068\u306e\u4ea4\u6e09\u3092\u7121\u7406\u5f37\u3044\u3055\u308c\u308b\u3044\u308f\u308c\u306f\u306a\u3044\u3068\u3057\u3066\u8cbf\u6613\u6226\u4e89\u3092\u300c\u6700\u5f8c\u307e\u3067\u6226\u3044\u629c\u304f\u300d\u3068\u8868\u660e\u3002\u3053\u308c\u306f\u3001\u4eca\u307e\u3067\u7de9\u3084\u304b\u306b\u9032\u884c\u3057\u3066\u3044\u305f\u4e16\u754c\u306e\uff12\u3064\u306e\u7d4c\u6e08\u5927\u56fd\u306e\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\u304c\u52a0\u901f\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u3002\u30ed\u30a4\u30bf\u30fc\u306eBreakingviews\u304c\u7c73\u4e2d\u306e\u8cbf\u6613\u3001\u91d1\u878d\u3001\u4f01\u696d\u3001\u6559\u80b2\u3001\u5730\u653f\u5b66\u305d\u308c\u305e\u308c\u306e\u9762\u3067\u306e\u7d50\u3073\u3064\u304d\u306e\u65b9\u5411\u6027\u3092\u8abf\u3079\u305f\u3068\u3053\u308d\u3001\u5358\u306b\u8a00\u8449\u4e0a\u306e\u554f\u984c\u3060\u3051\u3067\u306f\u306a\u3044\u3001\u6025\u901f\u306a\u95a2\u4fc2\u60aa\u5316\u3092\u793a\u3059\u8a3c\u62e0\u304c\u591a\u304f\u96c6\u307e\u3063\u305f\u3002<\/p>\n

\uff1c\u8cbf\u6613\u306e\u629c\u3051\u7a74\uff1e<\/p>\n

\u307e\u305a\u306f\u4f1d\u7d71\u7684\u306b\u7c73\u4e2d\u95a2\u4fc2\u306e\u6839\u5e79\u3092\u6210\u3057\u3066\u304d\u305f\u30e2\u30ce\u306e\u8cbf\u6613\u306b\u76ee\u3092\u5411\u3051\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\uff11\u671f\u76ee\u306e\uff12\uff10\uff11\uff18\u5e74\u306b\u4ed5\u639b\u3051\u305f\u6700\u521d\u306e\u8cbf\u6613\u6226\u4e89\u306f\u7c73\u56fd\u306e\u4e2d\u56fd\u88fd\u9020\u696d\u3078\u306e\u4f9d\u5b58\u3092\u89e3\u6d88\u3067\u304d\u306a\u304b\u3063\u305f\u304c\u3001\u4eca\u6708\u767a\u52d5\u3057\u305f\u95a2\u7a0e\u63aa\u7f6e\u306b\u3088\u3063\u3066\u4e2d\u56fd\u88fd\u54c1\u306b\u9069\u7528\u3055\u308c\u308b\u7a0e\u7387\u306f\u6700\u4f4e\u3067\u3082\uff11\uff14\uff15\uff05\u306b\u9ad8\u307e\u3063\u305f\u3002\u3053\u306e\u52d5\u304d\u306f\u3001\u6628\u5e74\uff15\uff18\uff12\uff10\u5104\u30c9\u30eb\u306b\u9054\u3057\u305f\u7c73\u4e2d\u306e\u4e8c\u56fd\u9593\u8cbf\u6613\u306e\u5927\u90e8\u5206\u3092\u5d29\u58ca\u3055\u305b\u308b\u6050\u308c\u304c\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u3001\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u30fc\u3092\u542b\u3080\u4e00\u90e8\u96fb\u5b50\u6a5f\u5668\u3092\u8ab2\u7a0e\u5bfe\u8c61\u304b\u3089\u5916\u3057\u305f\u3082\u306e\u306e\u3001\u4e2d\u56fd\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff08\u4f9b\u7d66\u7db2\uff09\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3059\u308b\u3053\u3068\u306b\u3088\u308b\u5b89\u5168\u4fdd\u969c\u4e0a\u306e\u30ea\u30b9\u30af\u3092\u8abf\u67fb\u3057\u3066\u3044\u308b\u3002\u540c\u8abf\u67fb\u304c\u793a\u5506\u3059\u308b\u306e\u306f\u3001\u5206\u91ce\u5225\u95a2\u7a0e\u304c\u8fd1\u304f\u767a\u52d5\u3055\u308c\u308b\u5c55\u958b\u3060\u3002<\/p>\n

\"TheThe bar chart shows China’s share of US imports from Asia is shrinking<\/p>\n

\u4e00\u65b9\u3067\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u3001\u4e2d\u56fd\u4ee5\u5916\u306e\u56fd\u306b\u3082\uff17\u6708\u4e0a\u65ec\u307e\u3067\uff11\uff10\uff05\u306e\u95a2\u7a0e\u3092\u8ab2\u3057\u3066\u304a\u308a\u3001\u4e2d\u56fd\u304c\u30d9\u30c8\u30ca\u30e0\u306a\u3069\u306e\u7b2c\u4e09\u56fd\u7d4c\u7531\u3067\u7c73\u56fd\u306b\u8f38\u51fa\u3059\u308b\u9053\u3082\u967a\u3057\u304f\u306a\u3063\u3066\u3044\u308b\u3002\u7c73\u5546\u52d9\u7701\u56fd\u52e2\u8abf\u67fb\u5c40\u306b\u3088\u308b\u3068\u3001\uff12\uff10\uff11\uff17\u5e74\u304b\u3089\uff12\uff14\u5e74\u307e\u3067\u306b\u7c73\u56fd\u306e\u8f38\u5165\u5168\u4f53\u306b\u5360\u3081\u308b\u4e2d\u56fd\u306e\u6bd4\u7387\u306f\uff18\u30dd\u30a4\u30f3\u30c8\u4e0b\u304c\u3063\u3066\uff11\uff13\uff0e\uff14\uff05\u306b\u306a\u3063\u305f\u3002\uff11\uff18\u5e74\u306b\u306f\u30a2\u30b8\u30a2\u304b\u3089\u306e\u7c73\u56fd\u306e\u8f38\u5165\u306e\u534a\u5206\u306f\u4e2d\u56fd\u3060\u3063\u305f\u304c\u3001\u73fe\u5728\u306f\uff13\u5206\u306e\uff11\u7a0b\u5ea6\u306b\u904e\u304e\u306a\u3044\u3002\u305f\u3060\u56fd\u9023\u8cbf\u6613\u958b\u767a\u4f1a\u8b70\uff08\uff35\uff2e\uff23\uff34\uff21\uff24\uff09\u306e\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u304f\u3068\u3001\u4e16\u754c\u5168\u4f53\u306e\u30e2\u30ce\u306e\u8f38\u51fa\u306b\u5360\u3081\u308b\u4e2d\u56fd\u306e\u6bd4\u7387\u306f\u3053\u306e\u9593\u306b\uff11\uff12\uff0e\uff17\uff05\u304b\u3089\uff11\uff14\uff0e\uff12\uff05\u306b\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u4e2d\u56fd\u304c\u7b2c\u4e09\u56fd\u3092\u8fc2\u56de\u3057\u3066\u7c73\u56fd\u306b\u8f38\u51fa\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u6d6e\u304b\u3073\u4e0a\u304c\u3063\u3066\u304f\u308b\u304c\u3001\u305d\u306e\u6bd4\u7387\u3082\u4eca\u5f8c\u306f\u4f4e\u4e0b\u306b\u8ee2\u3058\u3066\u3082\u304a\u304b\u3057\u304f\u306a\u3044\u3002<\/p>\n

\uff1c\u91d1\u878d\u3068\u6295\u8cc7\uff1e<\/p>\n

\u91d1\u878d\u5206\u91ce\u3067\u3082\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u3002\uff12\uff13\u5e74\u306e\u4e2d\u56fd\u306b\u5bfe\u3059\u308b\u30b9\u30c8\u30c3\u30af\u30d9\u30fc\u30b9\u306e\u7c73\u56fd\u306e\u76f4\u63a5\u6295\u8cc7\u306f\uff11\uff12\uff17\uff10\u5104\u30c9\u30eb\u3060\u3063\u305f\u3068\u306f\u3044\u3048\u3001\u5e74\u9593\u306e\u30d5\u30ed\u30fc\u306f\u7e2e\u5c0f\u4e2d\u3060\u3002\u9006\u306b\u7c73\u56fd\u306b\u5bfe\u3059\u308b\u4e2d\u56fd\u306e\u76f4\u63a5\u6295\u8cc7\u306e\u30b9\u30c8\u30c3\u30af\u3082\uff12\uff13\u5e74\u306f\uff14\uff14\uff10\u5104\u30c9\u30eb\u3068\u3001\uff11\uff19\u5e74\u4ee5\u964d\u3067\uff11\uff16\uff05\u6e1b\u5c11\u3057\u305f\u3002\u5e74\u9593\u30d9\u30fc\u30b9\u306e\u4e2d\u56fd\u304b\u3089\u7c73\u56fd\u3078\u306e\u30d5\u30ed\u30fc\u306f\uff12\uff10\u5e74\u304b\u3089\u30de\u30a4\u30ca\u30b9\u3067\u3001\u4e2d\u56fd\u306e\u6295\u8cc7\u5bb6\u304c\u7c73\u56fd\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304b\u3089\u8cc7\u91d1\u3092\u5f15\u304d\u63da\u3052\u3066\u3044\u308b\u69d8\u5b50\u304c\u3046\u304b\u304c\u3048\u308b\u3002<\/p>\n

\u56fd\u969b\u6c7a\u6e08\u9280\u884c\uff08\uff22\uff29\uff33\uff09\u306e\u30c7\u30fc\u30bf\u3092\u898b\u308b\u3068\u3001\u7c73\u56fd\u306e\u9280\u884c\u304c\u4e2d\u56fd\u5411\u3051\u306b\u4fdd\u6709\u3059\u308b\u50b5\u6a29\u7dcf\u984d\u306f\u6628\u5e74\uff19\u6708\u6642\u70b9\u3067\uff11\uff15\uff10\uff10\u5104\u30c9\u30eb\u5f31\u3068\u904e\u53bb\u6700\u9ad8\u3092\u8a18\u9332\u3057\u3001\u7c73\u91d1\u878d\u696d\u754c\u304c\u4e2d\u56fd\u304b\u3089\u64a4\u9000\u3057\u3066\u3044\u308b\u5146\u3057\u306f\u4e4f\u3057\u3044\u3002\u3057\u304b\u3057\u30a6\u30a9\u30fc\u30eb\u8857\u306e\u6709\u529b\u91d1\u878d\u6a5f\u95a2\u30c8\u30c3\u30d7\u306f\u975e\u516c\u5f0f\u306e\u5834\u3067Breakingviews\u306b\u3001\u5bfe\u4e2d\u56fd\u306e\u6295\u878d\u8cc7\u306f\u4ee5\u524d\u3088\u308a\u3082\u63db\u91d1\u304c\u5bb9\u6613\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u660e\u304b\u3057\u3001\u5fc5\u8981\u306a\u3089\u7d20\u65e9\u304f\u64a4\u9000\u3059\u308b\u614b\u52e2\u306b\u3042\u308b\u3068\u793a\u5506\u3057\u3066\u3044\u308b\u3002<\/p>\n

\"TheThe chart shows position and flow of Chinese FDI into US and Us FDI into China\"TheThe area chart shows the trend of global funds allocation to Chinese assets. Global equity funds’ average allocation to China assets peaked at 3.13% in April 2015\"TheThe line chart shows consolidated total claims of US banks in all currencies with residents of China on a guarantor basis.<\/p>\n

\u6b21\u306b\u554f\u984c\u3068\u306a\u308b\u306e\u306f\u3001\u5916\u4ea4\u554f\u984c\u8a55\u8b70\u4f1a\u306e\u30d6\u30e9\u30c3\u30c9\u30fb\u30bb\u30b9\u30bf\u30fc\u4e0a\u5e2d\u7814\u7a76\u54e1\u306e\u63a8\u8a08\u3067\uff11\u5146\uff11\uff10\uff10\uff10\u5104\u30c9\u30eb\u306b\u4e0a\u308b\u4e2d\u56fd\u4fdd\u6709\u306e\u7c73\u56fd\u50b5\u3067\u3001\u6050\u3089\u304f\u7c73\u4e2d\u306e\u91d1\u878d\u7684\u306a\u95a2\u4fc2\u306b\u304a\u3044\u3066\u6700\u3082\u89e3\u6d88\u304c\u96e3\u3057\u3044\u4e8b\u6848\u306b\u306a\u308b\u3002\u4e2d\u56fd\u653f\u5e9c\u306b\u3068\u3063\u3066\u30c9\u30eb\u3092\u6301\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u4eba\u6c11\u5143\u306e\u7ba1\u7406\u306b\u5f79\u7acb\u3064\u3057\u3001\u4e2d\u56fd\u304c\u7c73\u56fd\u50b5\u3092\u58f2\u5374\u3057\u305f\u5834\u5408\u306b\u3069\u3046\u3044\u3063\u305f\u8cc7\u7523\u3092\u8cb7\u3046\u306e\u304b\u3082\u306f\u3063\u304d\u308a\u3057\u306a\u3044\u3002\u3055\u3089\u306b\u58f2\u5374\u76ca\u3067\u4eba\u6c11\u5143\u5efa\u3066\u8cc7\u7523\u3092\u8cb7\u3048\u3070\u3001\u5f53\u5c40\u304c\u50b5\u52d9\u30c7\u30d5\u30ec\u304b\u3089\u306e\u8131\u51fa\u3092\u76ee\u6307\u3059\u4e2d\u3067\u3001\u4eba\u6c11\u5143\u9ad8\u3068\u3044\u3046\u671b\u307e\u3057\u304f\u306a\u3044\u4e8b\u614b\u3092\u3082\u305f\u3089\u3057\u304b\u306d\u306a\u3044\u3002<\/p>\n

\uff1c\u4f01\u696d\u884c\u52d5\uff1e<\/p>\n

\u4e2d\u56fd\u4f01\u696d\u306f\u3053\u308c\u307e\u3067\u6c7a\u3057\u3066\u7c73\u56fd\u306b\u5f37\u56fa\u306a\u8db3\u5834\u3092\u7bc9\u3044\u3066\u3053\u306a\u304b\u3063\u305f\u3002\u3057\u304b\u3057\u30ed\u30b8\u30a6\u30e0\u30fb\u30b0\u30eb\u30fc\u30d7\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\u4e2d\u56fd\u4f01\u696d\u304c\u7c73\u56fd\u306b\u4fdd\u6709\u3059\u308b\u8cc7\u7523\u306e\u898f\u6a21\u3082\u982d\u6253\u3061\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002\u7279\u306b\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u3001\u52d5\u753b\u6295\u7a3f\u30a2\u30d7\u30ea\u300c\uff34\uff49\uff4b\uff34\uff4f\uff4b\uff08\u30c6\u30a3\u30c3\u30af\u30c8\u30c3\u30af\uff09\u300d\u306e\u7c73\u4e8b\u696d\u58f2\u5374\u3092\u4e2d\u56fd\u306e\u89aa\u4f1a\u793e\u306b\u53d7\u3051\u5165\u308c\u3055\u305b\u308b\u3053\u3068\u306b\u6210\u529f\u3059\u308c\u3070\u3001\u3053\u306e\u6d41\u308c\u306f\u52a0\u901f\u3059\u308b\u3060\u308d\u3046\u3002\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u3001\u4e2d\u56fd\u4f01\u696d\u306e\u4e0a\u5834\u5ec3\u6b62\u3082\u8f9e\u3055\u306a\u3044\u59ff\u52e2\u3060\u3002\u4eca\u5e74\uff13\u6708\u6642\u70b9\u3067\u7c73\u56fd\u306e\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u4e0a\u5834\u3055\u308c\u3066\u3044\u308b\u4e2d\u56fd\u4f01\u696d\u306f\uff12\uff18\uff16\u793e\u3067\u3001\u5408\u8a08\u6642\u4fa1\u7dcf\u984d\u306f\uff11\u5146\uff11\uff10\uff10\uff10\u5104\u30c9\u30eb\u306b\u4e0a\u308b\u3002<\/p>\n

\u7c73\u4f01\u696d\u306f\u58f2\u4e0a\u9ad8\u306e\u9762\u3067\u4e2d\u56fd\u306e\u91cd\u8981\u6027\u306f\u305a\u3063\u3068\u5927\u304d\u3044\u3068\u306f\u3044\u3048\u3001\u4f9d\u5b58\u5ea6\u306f\u4f4e\u4e0b\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002\u30b9\u30bf\u30fc\u30d0\u30c3\u30af\u30b9(SBUX.O), opens new tab\u3092\u4f8b\u306b\u6319\u3052\u308c\u3070\u3001\u6628\u5e74\u6642\u70b9\u3067\u4e2d\u56fd\u56fd\u5185\u306e\u55b6\u696d\u5e97\u306f\uff17\uff15\uff19\uff14\u5e97\u3068\uff12\u5e74\u524d\u304b\u3089\uff12\uff16\uff05\u5897\u3048\u305f\u304c\u3001\u4e16\u754c\u5168\u4f53\u306e\u7d14\u53ce\u5165\u306b\u5360\u3081\u308b\u4e2d\u56fd\u306e\u6bd4\u7387\u306f\uff18\uff0e\uff13\uff05\u3068\u9006\u306b\uff11\u30dd\u30a4\u30f3\u30c8\u4f4e\u4e0b\u3057\u305f\u3002\u540c\u3058\u304f\u30a2\u30c3\u30d7\u30eb(AAPL.O), opens new tab\u3068\u30c6\u30b9\u30e9(TSLA.O), opens new tab\u306f\u4e2d\u56fd\u3067\u7d14\u53ce\u5165\u306e\u7d04\uff12\u5272\u3092\u7a3c\u3050\u3068\u306f\u3044\u3048\u3001\u305d\u306e\u6bd4\u7387\u306f\uff12\u5e74\u524d\u3088\u308a\u4f4e\u304f\u306a\u3063\u3066\u3044\u308b\u3002\"TheThe line chart shows Tesla and Apple’s percentage value of sales in China<\/p>\n

\uff1c\u5b66\u751f\u4ea4\u6d41\uff1e<\/p>\n

\u7c73\u4e2d\u306e\u4eba\u7684\u4ea4\u6d41\u306f\u3057\u3070\u3057\u3070\u8efd\u8996\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u4e21\u56fd\u95a2\u4fc2\u306e\u884c\u65b9\u3092\u5360\u3046\u4e0a\u3067\u6709\u529b\u306a\u6307\u6a19\u306b\u306a\u308a\u5f97\u308b\u3002\u7c73\u6559\u80b2\u7701\u306e\u4e0b\u90e8\u6a5f\u95a2\u306b\u3088\u308b\u3068\u3001\uff12\uff12\uff0d\uff12\uff13\u5e74\u306b\u4e2d\u56fd\u3067\u5358\u4f4d\u53d6\u5f97\u4fee\u306e\u305f\u3081\u306b\u52c9\u5f37\u3057\u3066\u3044\u305f\u7c73\u56fd\u4eba\u5b66\u751f\u306f\u308f\u305a\u304b\uff14\uff16\uff19\u4eba\u3068\u3001\u904e\u53bb\uff12\uff10\u5e74\u306e\u6700\u4f4e\u6c34\u6e96\u306b\u8fd1\u304b\u3063\u305f\u3002\u3053\u308c\u306f\u7c73\u56fd\u306e\u4e2d\u56fd\u7406\u89e3\u304c\u4eca\u5f8c\u5927\u304d\u304f\u5f31\u307e\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002<\/p>\n

\"TheThe line chart shows the trend of US tudents study in China, Hong Kong, Taiwan<\/p>\n

\u4e00\u65b9\u4e2d\u56fd\u4eba\u5b66\u751f\u306b\u3068\u3063\u3066\u7c73\u56fd\u306e\u9b45\u529b\u306f\u6839\u5f37\u3044\u3082\u306e\u306e\u3001\u7c73\u56fd\u306e\u5927\u5b66\u3067\u5b66\u3076\u5916\u56fd\u4eba\u5b66\u751f\u306e\u6bd4\u7387\u3067\u8a00\u3046\u3068\u73fe\u5728\u306f\u30a4\u30f3\u30c9\u4eba\u3088\u308a\u3082\u4f4e\u3044\u3002<\/p>\n

\"TheThe line chart shows % of US students studying in China.<\/p>\n

\uff1c\u53f0\u6e7e\u554f\u984c\uff1e<\/p>\n

\u7c73\u4e2d\u95a2\u4fc2\u306f\u53f0\u6e7e\u554f\u984c\u306b\u5de6\u53f3\u3055\u308c\u308b\u30b1\u30fc\u30b9\u3082\u5c11\u306a\u304f\u306a\u3044\u3002\u7c73\u56fd\u5074\u306e\u300c\uff11\u3064\u306e\u4e2d\u56fd\u653f\u7b56\u300d\u306b\u5bfe\u3059\u308b\u7acb\u5834\u306f\u3001\u4e2d\u56fd\u306e\u4e3b\u6a29\u304c\u53f0\u6e7e\u306b\u53ca\u3076\u3068\u306e\u4e3b\u5f35\u3092\u8a8d\u8b58\u3057\u305f\u3082\u306e\u3060\u3002\u3057\u304b\u3057\u4e2d\u56fd\u304c\u53f0\u6e7e\u306b\u8ecd\u4e8b\u4fb5\u653b\u3059\u308c\u3070\u3001\u5927\u898f\u6a21\u306a\u5236\u88c1\u3092\u79d1\u3059\u304b\u3001\u6b66\u529b\u3055\u3048\u884c\u4f7f\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n

\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u304c\u7b97\u51fa\u3059\u308b\u300c\u4e2d\u53f0\u30ea\u30b9\u30af\u6307\u6570\u300d\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u300c\u76f8\u4e92\u95a2\u7a0e\u300d\u306e\u8a73\u7d30\u3092\u767a\u8868\u3057\u305f\u4eca\u6708\uff12\u65e5\u4ee5\u964d\u3001\u4e0a\u6607\u50be\u5411\u3092\u305f\u3069\u3063\u3066\u3044\u308b\u3002\u80cc\u666f\u306b\u306f\u3001\u7c73\u56fd\u304c\u4ed5\u639b\u3051\u305f\u8cbf\u6613\u6226\u4e89\u304c\u91d1\u878d\u6226\u4e89\u306b\u767a\u5c55\u3057\u3001\u6700\u7d42\u7684\u306b\u306f\u53f0\u6e7e\u3092\u5dfb\u304d\u8fbc\u3093\u3060\u8ecd\u4e8b\u885d\u7a81\u306b\u81f3\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u306e\u89b3\u6e2c\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u3042\u308b\u3002\u305f\u3060\u53f0\u6e7e\u682a\u306e\u5024\u52d5\u304d\u304b\u3089\u306f\u3001\u4eca\u306e\u3068\u3053\u308d\u5f37\u3044\u8b66\u6212\u3092\u8981\u3059\u308b\u3068\u306e\u6839\u62e0\u306f\u4e4f\u3057\u3044\u3002<\/p>\n

\"AA double line chart showing that the news-based measure of Taiwan risk has risen to historically high levels in recent months.<\/p>\n

\uff1c\u7d50\u8ad6\uff1e<\/p>\n

\u7c73\u56fd\u304c\u8cbf\u6613\u8d64\u5b57\u89e3\u6d88\u3092\u76ee\u6307\u3057\u3001\u5b89\u5168\u4fdd\u969c\u4e0a\u306e\u61f8\u5ff5\u304b\u3089\u4e2d\u56fd\u306b\u884c\u304d\u7740\u304f\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u8abf\u67fb\u306b\u4e57\u308a\u51fa\u3059\u306b\u3064\u308c\u3001\u3058\u308f\u3058\u308f\u3068\u3057\u305f\u30da\u30fc\u30b9\u3060\u3063\u305f\u7c73\u4e2d\u95a2\u4fc2\u306e\u60aa\u5316\u306f\u52a0\u901f\u3057\u305d\u3046\u3060\u3002\u30c7\u30fc\u30bf\u304b\u3089\u5bdf\u305b\u3089\u308c\u308b\u306e\u306f\u3001\u4f01\u696d\u3084\u91d1\u878d\u6a5f\u95a2\u3001\u3055\u3089\u306b\u306f\u5927\u5b66\u751f\u307e\u3067\u3082\u30c7\u30ab\u30c3\u30d7\u30ea\u30f3\u30b0\u306e\u901f\u5ea6\u3092\u4e0a\u3052\u308b\u3088\u3046\u306a\u884c\u52d5\u3092\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u73fe\u5b9f\u3060\u3002\u305d\u3046\u8003\u3048\u308b\u3068\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u306e\u7b2c\uff12\u6b21\u5bfe\u4e2d\u8cbf\u6613\u6226\u4e89\u306e\u6249\u306f\u6700\u521d\u304b\u3089\u958b\u3051\u653e\u305f\u308c\u3066\u3044\u308b\u3002<\/p>\n

\uff08\u7b46\u8005\u306f\u300cReuters Breakingviews\u300d\u306e\u30b3\u30e9\u30e0\u30cb\u30b9\u30c8\u3067\u3059\u3002\u672c\u30b3\u30e9\u30e0\u306f\u7b46\u8005\u306e\u500b\u4eba\u7684\u898b\u89e3\u306b\u57fa\u3065\u3044\u3066\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\uff09<\/p>\n

\u79c1\u305f\u3061\u306e\u884c\u52d5\u898f\u7bc4\uff1a\u30c8\u30e0\u30bd\u30f3\u30fb\u30ed\u30a4\u30bf\u30fc\u300c\u4fe1\u983c\u306e\u539f\u5247\u300d, opens new tab<\/p>\n

\u7b46\u8005\u306f\u300cReuters Breakingviews\u300d\u306e\u30b3\u30e9\u30e0\u30cb\u30b9\u30c8\u3067\u3059\u3002\u672c\u30b3\u30e9\u30e0\u306f\u7b46\u8005\u306e\u500b\u4eba\u7684\u898b\u89e3\u306b\u57fa\u3065\u3044\u3066\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

<\/p>\n

Una Galani is Asia Editor of Reuters Breakingviews, based in Mumbai, overseeing a team of columnists across the region. She was previously in Hong Kong, Dubai and London. Breakingviews is the global financial commentary brand of Reuters delivering agenda-setting insight in real time on the most important events impacting global markets and companies. <\/p>\n","protected":false},"excerpt":{"rendered":"

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