New Post-COVID World Order

Published: Sept. 4, 2020, 9 a.m.

The COVID19 epidemic is a global "black swan" event in 2020, and it is still spreading. I believe that the epidemic has become the most significant crisis in the field of global governance, and it can even be called the first "world war" in the field of non-traditional security. It has caused distressing lives and property losses to countries all over the world and has a structural impact on globalization. At present, China's epidemic prevention and control war has achieved major strategic results and won the recognition of most countries. But China must not only prepare for long-term coexistence with the epidemic, but also make corresponding plans for what is happening and the great changes in the world after the epidemic.

Anti-globalization is a phenomenon that has appeared before the outbreak of the epidemic. Contemporary globalization since the Reagan era advocates privatization, free trade, and open markets, and promotes trade between countries to improve production efficiency. While globalization creates wealth, it also creates a huge gap between the rich and the poor. The information revolution in the 1990s has increased the return gap between the financial industry, advanced service industries, and high-tech companies and other industries. In developed countries such as the United States, the manufacturing industry is shrinking. Domestic blue-collar workers are dissatisfied with the "offshoring" and believed that foreign manufacturing competitors have "stolen" their jobs; populist politicians took the opportunity to claim it was the globalists" and "establishment elites" in the government and large enterprises colluded with foreign countries to harm their own national interests. In developing countries, economic nationalists emphasize the importance of industrial protection, and politicians in some countries refer to multinational companies as "neo-colonialists", inciting people to oppose transnational economic cooperation.

China’s top priority is still to restore economic production and ease the pressure of small and medium-sized enterprises and low-income workers. China needs to be prepared for a prolonged war, develop a fast and effective mechanism of coexisting with the virus to maintain the operation of economic machinery. In short, only by recovering from the epidemic as soon as possible can China be more confident in coping with the challenges and seeking more long-term development.

China Explained will show you that because of China’s continued success in industrial upgrading, technological innovation and realizing its huge potential, it is an unstoppable process. The inevitable rise of China may feel intimidating and some simply reject it. Don’t be. More importantly, we will answer the million-dollar question: how can you, as an individual or a small business owner, also profit from the rise of China ?

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