What will happen when the international community contains the nightmarish novel coronavirus pandemic? Avoiding easy comparisons, it is worth recalling how 10 years ago Western pundits prophesied a complete transformation of the world economic order when in reality nothing significant has changed. But despite not knowing much about the future, we can be almost certain that after the pandemic, China will be in a completely different position.
It is unrealistic to think that there aren't negative things happening in China. Unfair even evil deeds do take place from time to time. The burden to reduce poverty and increase employment remains heavy. The Chinese people have undergone a difficult time in fighting the novel coronavirus. When observing anything under a microscope, bacteria and dirt will always be spotted. It has to be understood that China's great changes and structural trends have varying degrees of good and evil, positive and negative, with progress and setbacks.
Data has proven that China is stabilizer of globalization. The WTO on April 8 said that world trade is expected to fall between 13 percent and 32 percent in 2020. The drop will mainly come from the US, whose imports declined 20.5 percent in April from January while exports fell 28.1 percent in the same period. But China's imports and exports in the first five months of 2020 have maintained a slight year-on-year dip of 4.9 percent. Meanwhile, exports in May increased 1.4 percent. China has become ballast stone of world trade.
The pandemic has wreaked havoc with global governance, plunging the world into further anarchy with fundamental changes. The world is witnessing the emergence of a new world where global governance in particular public health governance including crisis management is in disarray. The major power cooperation essential to the provision of global commons in support of a functional global governance system is fading fast as a result of intensifying geopolitical entanglements. The pandemic served as a catalyst escalating fragmentation and anarchy of global governance and post-pandemic governance will probably be more rather than less anarchic. Let us take a look into the post-pandemic world.
Covid-19 has been wreaking havoc with global governance and globalization, upending the world and making it adrift in a sea of changes. Thomas Friedman suggested that the world may be divided into a before and after the watershed Covid-19 pandemic, quite succinctly summing up the huge impact the pandemic has brought to global governance system. In other words, we are witnessing the emergence of a new world where global governance - in particular public health governance, including crisis management - is in disarray.
Despite the postponement from the normal time-frame in early March due to the novel coronavirus, China was able to hold the annual meetings of its legislature, the National People’s Congress (NPC), and its consultative body, the Chinese People’s Political Consultative Conference (CPPCC), at the end of May, as one of the first countries which have succeeded in getting back to something of a “new normal” after the coronavirus outbreak. The meetings give an opportunity for the government and legislators to chart the pathway forward after the major disruption caused by the epidemic.
An International Meeting in Opposition to the US-led New Cold War on China will be hold on July 25th (Friday) 19:00 (Beijing time, UTC+8). This event will see some leading analysts from China, the US, Britain, India, Russia, Canada, Venezuela and Brazil come together to discuss how to counter the New Cold War. And Wang Wen, the executive dean of Chongyang Institute for Financial Studies, Renmin University of China(RDCY), and John Ross, the Senior Fellow of Chongyang Institute for Financial Studies, Renmin University of China(RDCY) will attend. The video is photoed by John Ross for the event.