Novel coronavirus pneumonia outbreak since the outbreak, China has taken effective measures to prevent the spread of the epidemic, and promote the resumption of work and orderly production. The ability, will, determination and responsibility shown by the Chinese government and people in this war epidemic moved the world. Overseas people have said that China's resumption of production is crucial to the world economy, and they are looking forward to it.
The world is looking forward to China's resumption of production
Stephen Roach, a senior researcher at Yale University, said that China is not only the world's largest exporter, but also plays a crucial role in the center of the global value chain. The latest research shows that global value chains account for nearly 75% of the growth of world trade, and China is the most important source of this growth.
The Financial Times report echoed Roach's claim. In China, the novel coronavirus pneumonia is the main product of the global supply chain of antibiotics, diabetes drugs, analgesics and HIV antiretroviral drugs, and is the result of the new crown pneumonia outbreak or the global drug supply.
German pharmaceutical companies are facing the same problems. China is an important source of pharmaceutical raw materials for Germany, according to a new survey. 19 kinds of pharmaceutical raw materials are from an active ingredient manufacturer in Wuhan, China, 17 of which are in short supply.
Roche further pointed out that China is now the largest source of external demand for most Asian economies. Not only that, if China's demand is insufficient, it may severely hit the already weak European economy, but also have an impact on the U.S. economy.