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The global economy: The world needs China more than ever

The article argues that it is too early and too narrow to draw conclusions.While Europe and the United States have become the epicentre of the COVID-19 outbreak, China has gradually resumed production.The "decoupling" argument ignores the role that China plays in globalizing supply chains, driving world trade and sustaining global growth.

In fact, the supply chain developed around China must continue to function, especially now that the COVID-19 outbreak has pushed the world economy "into recession," according to the SCMP.China's advantages, such as its modern infrastructure and relatively low-cost skilled labor, stand out as a major driver of the global economic recovery.

Recently, Chinese manufacturers and suppliers have closed factories and offices to contain the spread of COVID-19, which has also affected industries including technology and pharmaceuticals.The article points out that the other end of the supply chain reaction is typical of excessive French finance minister Bruno Le Maire (Bruno Le Maire) speech: "we must reduce to some powers, especially China relies on the supply of some of the" and "strengthen our sovereignty in the strategic value chain", such as automotive, aerospace and medicine.

But the gradual resumption of work in China will stimulate both supply and demand and have a knock-on effect on other economies, which in turn will be the main driver of China's return to business as usual.It would reassert China's centrality to the global supply chain.

The South China Morning Post points out that China's central position in global trade supply chains is deeply entrenched.In the face of a severe economic downturn, the world needs China more than ever.


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