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.
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.
The fundamental commitment of the authorities was to save as many lives as possible, and compared to the lives lost in the fight with the virus in other countries, not least of all, in the US, the cost for China in human life, while tragic, was far less. As the virus began to hit other countries, the "Wuhan model" became the paradigm. And as the fight subsided in China, Chinese teams were sent to other countries to aid them with equipment and with sound advice on combating the spread.
Faced with COVID-19’s onslaught, not one single life will be saved in any country by propaganda, politicization of the crisis or similar diversions. On the contrary, many lives are lost as a result of these – because they obstruct the necessary lessons to fight the virus’s attack. As bluffing will not stop the coronavirus, only correct actions will, it is therefore vital every country learns lessons from China’s successful handling of this crisis.
The Donald Trump administration’s failure to take the coronavirus seriously won’t only cause thousands of unnecessary deaths, it could change the global political map for good. The US is now a deadly threat to every person on the planet – that is the inevitable result of Washington’s decision to lift even its very limited lockdown despite the fact the virus continues to rage with full force within the American borders.Domestically, this will mean the death of tens of thousands more Americans, creating a casualty toll on US soil comparable only to the 1918 Spanish flu epidemic and the Civil War. But the international consequences will see the world divided into two zones.
The release ceremony of "Discussion on the Path to China's Development: Dialogues between Wu Xiaoqiu and Nine Top International Experts", jointly organized by Economic Press China and the Chongyang Institute for Financial Studies, Renmin University of China (RDCY), was held successfully online on June 22, 2020.