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Former officials and advisers to China’s position in the post-Covid-19 world also issued similar warnings.
Long Yongtu, a former Beijing trade negotiator who brought China to the World Trade Organization in 2001.
Long Yongtu, a former Beijing trade negotiator who brought China to the World Trade Organization in 2001, issued a warning: China could face isolation from the economic order. global after the Covid-19 pandemic.
As many countries around the world act on the United States to criticize China for dealing with viruses, there has been growing suspicion: “Will Washington and its allies try to eliminate Beijing? outside the new world economic order or not?
The issue poses a major economic and diplomatic challenge for China in the coming years, although Beijing has declared great victories in the fight against the coronavirus.
According to Mr. Long Yongtu: “After a pandemic, there will be significant changes in the international trade, investment and industry chain. The epidemic has done great harm to globalization, “and Long also urged Chinese companies to rapidly accelerate their international expansion.
Long made comments on Saturday in an online forum hosted by ifeng.com, the Shanghai Academy of Advanced Finance and the Peking University National Development School. The worldwide Covid-19 outbreak significantly disrupted the global supply chain, exposing dependence on other Chinese countries for important products and raising concerns about faster migration of foreign companies in China. This is also a continuing trend during the period when trade between the United States and China started in 2018. ”
Mr. Li Yang, director of the Chinese Academy of Social Sciences, National Institute of Finance and Development, agrees with Mr. Long, saying: “We have every reason to say that an international coalition is formed without including China and Chinese yuan. We have no choice but to strengthen the yuan, making it an international currency. And of course the most important thing is to strengthen China. “
Under economic pressure, the United States, the European Union, Australia and other countries have caused geopolitical tensions in China, calling for an independent investigation to determine the source of the coronavirus.
Data released by the Trump administration implies that the corona virus leaked from a laboratory in Wuhan.
Furthermore, there are also some places that call and ask China to apologize and pay compensation for them.
Experts predict that Beijing’s international relations, especially in relation to the United States, will be a major topic at the next national legislative meeting, which will begin on May 22. .
Furthermore, reputable advisers in China have made poor predictions about Beijing’s foreign trade situation after the corona virus.
They say that the Covid-19 pandemic made the two superpowers in the world, the United States and China, increasingly separated from each other, both culturally and commercially. They say that the interruption of industrial chains and the sharp decline in international tourism are the most visible characteristics. And finally some experts commented that: “China’s role in the global supply chain after the pandemic may weaken.”
On Monday, a new study showed that China’s investment in the United States fell to its lowest level last year (since 2009).
Despite mounting international hostility towards China, Long said the Chinese government still wants United States President Donald Trump to win re-election in November and that the country is still pretty good. optimistic about the long-term prospects of globalization.
Mr. Long called on China to continue opening its domestic market to foreign investors and Chinese companies to carry out many overseas mergers and acquisitions so that China can better integrate. in new industrial chains of multinational companies.
Thuy Dung
According to SCMP
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