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Wang Huiyao: How COVID-19 Will Reinforce Trends Shaping the International Order
In just a few months, COVID-19 has turned our world upside down. The pandemic has claimed over 100,000 lives and untold economic damage. It is also affecting relations between states, in many cases, for the worse. These momentous events have led many to wonder what the pandemic means for the future of the international order. The short answer is, it is too early to tell. So much about the pandemic remains unknown, from the timeline to an effective vaccine to economic fallout and the possibility of second and third waves of contagion. With those caveats in mind, based on what we see so far, it seems likely that the pandemic will accelerate key trends shaping geopolitics and the world economy, rather than radically alter or reverse them. In particular, our post-pandemic world is likely to be even more multipolar as divergent paths of recovery reinforce long-term shifts in the global economy. Secondly, different aspects of globalization - such as economic or ecological, physical or digital – will follow different trajectories, with varied consequences for different countries and sectors. Thirdly, COVID-19 has exposed the need for stronger global governance to address the rising transnational threats we face. This working paper examines these trends and what they mean for the future of the international order, in particular, China's global role as one of three key pillars of the multilateral order along with America and the EU. Finally, it outlines ways that China and the EU can work together to build a post-pandemic world that is more inclusive, sustainable, and resilient.
June 09 , 2020 -
Wang Huiyao: China is not a threat to the international community – the world can benefit through China’s development
The successful conclusion of China's “Two Sessions” has signaled confidence in the fight against the pandemic and recovery of the world economy. However, the pandemic has posed challenges to globalization and increased uncertainty in China-US relations.
June 02 , 2020 -
Harvey Dzodin: Effects of pandemic create opportunities for business
On May 22, the day the National People’s Congress convened, China Daily reported on the expectations of foreign business executives for the two sessions for their companies. I strongly suspect that based on their comments, these three dozen men and women corporate leaders were especially pleased by Premier Li Keqiang’s Government Work Report as it impacted them in this challenging time of COVID-19.
May 27 , 2020 -
Jorge Heine: World trade, from bad to worse?
The recent resignation of World Trade Organization (WTO) Director-General Roberto Azevedo, effective in September, one year before the end of his second term in office, has thrown a monkey wrench into the world trading system. With the WTO already in serious trouble, this resignation could not have come at a worse moment.
May 26 , 2020 -
Wang Huiyao: Chinese economy’s resilience helps ease unemployment challenges
The COVID-19 pandemic in 2020 has changed the lives of everyone around the world and may even change the global landscape. While Western countries are still struggling with COVID-19, China has started its economic recovery.
May 21 , 2020
