The most afflicted victims of thiszero-sum game will be the emergingeconomies represented by China. It iscertain that at present the emergingeconomies are taking the lead， whilethe developed economies are lagged be-hind. In the global capital re-allocation，they are attracting more capital. Thecontrast between the robust growth ofemerging economies and the weaknessof developed economies unravels a raceof recovery in which countries marchtowards the finishing line at differentspeeds.