【明報專訊】CHINA'S economy has undergone a V-shaped recovery, and there are expectations of GDP growth becoming positive again in the second quarter. The bullish mainland stock markets have livened up investor sentiment in the region and propelled Hong Kong stocks to its highest point in many months. Amid the intensifying Sino-US struggle, Washington has made successive moves to hinder Chinese companies from financing. However, the flow of capital is always pragmatic, driven by practical interests rather than ideologies. The International Monetary Fund (IMF) forecasts that China will be the only major economy to report a positive growth this year. By comparison, the US's economy is shrinking seriously amid a worsening pandemic, thus speeding up the narrowing of the gap between the two countries' GDPs. This will certainly affect the international politico-economic situation. The latest figures also show signs that Hong Kong's economy is bottoming out. Economic revival on the mainland is certainly good news for Hong Kong. Still, in the face of lingering shadows in the city's political situation, Hong Kong people do not have enough confidence in the future. The sentiment will not be easily reversed at once.