China’s epidemic fight hits global trade? Nonsense: Global Times editorial

Container ships dock at Yangshan Port to clear goods around the clock in Shanghai on January 2, 2022. In 2021, Shanghai Port handled more than 47 million standard containers, ranking the world's top ports for the 12th consecutive year.  Photo: CGV

Container ships dock at Yangshan Port to clear goods around the clock in Shanghai on January 2, 2022. In 2021, Shanghai Port handled more than 47 million standard containers, ranking the world’s top ports for the 12th consecutive year. Photo: CGV

The raging COVID-19 pandemic and the Russian-Ukrainian conflict have added more uncertainties to the outlook for global economic recovery. Kristalina Georgieva, managing director of the IMF, said on Thursday that the IMF would cut its economic growth forecast for 143 economies around the world. It’s supposed to be global, but some Western media have blamed the stunted economic recovery and bottlenecks in global supply chains on the insistence on the ‘dynamic zero’ policy of several industrial hubs in China. , sweeping away the political manipulation they have carried out since the outbreak of the pandemic with a new paint job.

Over the past two years, China has been the most resolute country in adhering to scientific precision and dynamic zero-COVID. It has done the best job of protecting people’s life and health and made the greatest contribution to global economic recovery and smooth supply chains. As the pandemic raged around the world, China took the lead in stabilizing the epidemic, resuming work and production, and achieving low mortality and minimal disruption to the economy. The first quarter of this year saw the country’s total trade increase by more than 10% year-on-year. China’s foreign trade has recorded positive year-on-year growth for seven consecutive quarters. From Apple cellphones to Tesla electric cars, “Made in China” continues to blood the great arteries of the global industrial chain, bringing certainty to the world shaken by the “Black Swan” and “Grey Rhino” events. Bloomberg published an article titled “Why the world needs China’s Covid-Zero policy” in February, saying the policy has benefited the whole world. Now, the excessive attention some Western media give to China’s epidemic prevention policy only proves China’s weight in the global industrial chain.

It should also be noted that the impact of the temporary “pause” in Shanghai and other Chinese cities has been deliberately exaggerated by the West. First, the closure is only temporary. It is a temporary measure to better resume work and production and make the economy and society work more efficiently. Its effectiveness has been proven.

Second, China has 1.4 billion people. Among them, 267 million people aged 60 and over and more than 50 million elderly people have not completed a full course of vaccination. If we do not prevent the epidemic, but concentrate on treating the infected people and let a large number of elderly patients and patients with underlying diseases die “naturally”, it is not morally acceptable for the Chinese society and will also bring considerable economic disorder effects. Countries like the US and UK are still facing “recession” warnings after putting people’s lives on hold.

It is the geopolitical risk combined with the COVID-19 pandemic that constitutes the greatest disruption to the global economic recovery, rather than scientific and precise anti-epidemic measures. Why is the global high-tech industry running out of chips and why are energy and food prices skyrocketing? Some people should know better than anyone. In 2018, the Trump administration launched a trade war against many countries around the world, including China, which rattled the global industrial chain, and the consequences are still brewing to this day.

After the pandemic hit, the Federal Reserve continued to print more money and took advantage of US dollar hegemony to profit, putting the global economy at risk of stagflation or even recession. Since the beginning of the conflict between Russia and Ukraine, the United States and the West have imposed maximum sanctions on Russia, a major energy and food producer, and forced countries that maintain normal trade with Russia. This seriously disrupted the international monetary, financial and trade order.

The United States and the West have caused many global economic storms in recent years, but few Western media have seriously criticized them. China has contributed a lot to the stable recovery of the global economy, but is accused of hitting global trade simply because the economies of several cities are temporarily affected by the epidemic. It is unjustifiable.

The fight against the epidemic and the development of the economy have never been a choice for China, but an inescapable matter of comprehensive planning for both. Even when many residential areas were cordoned off in Shanghai, the Port of Shanghai still operated 24/7, thanks to measures such as establishing a “closed-loop” bubble in different neighborhoods. , and there was no complete “lockdown” as some Western media called it. The Chinese government is also trying to take various measures to help enterprises overcome transportation obstacles and ensure maximum production and people’s livelihood. Behind the general principle of “strive to achieve the greatest prevention and control effect at the lowest cost, and minimize the impact of the epidemic on economic and social development”, as well as the dynamic zero COVID policy , hides the importance that the country attaches to the economy and people’s livelihoods. After the success of epidemic control, people could see easy production and operation activities.

Jilin is an important center of the Chinese automobile industry. After achieving zero-COVID with communities in its epidemic prevention and control, it promotes the simultaneous resumption of work and production for companies of all sizes upstream and downstream of the industrial chain. We also firmly believe that Shanghai, which is sure to get rid of the epidemic, will definitely regain the time lost in the epidemic. The epidemic will eventually pass, and the Chinese economy will achieve healthier development and contribute more to the recovery of the global economy. Perseverance will bring victory to China.

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