As the novel coronavirus continues to spread globally, the question around "how the pandemic will shape the world" has received much attention. As UN Secretary General Antonio Guterres said, this is the greatest test for humanity since WWII. So far, the disease has represented an overwhelming public health challenge, likely to trigger an economic recession and social unrest – all of which constitute a complicated crisis which has far-reaching implications for the world order.
It's unthinkable that US media outlets would call their own country a "failed state." The term was once used to describe US adversaries such as Iran and Iraq.
As the number of COVID-19 infections continues to rise, so does the U.S. unemployment rate, which is taking a huge toll on the U.S. economy. However, Donald Trump rushed to announce the news of restarting the U.S. economy. Is it really the right time now? And What's the outlook for unemployment in the U.S.? John Ross, former director of economic and business policy for the Mayor of London and a senior fellow at Chongyang Institute for Financial Studies under Renmin University of China, shares his views with CGTN. The opinions expressed in the video are his and do not necessarily represent the views of CGTN.
The coronavirus pandemic has severely impacted almost every country, and many of the world's leading politicians and scholars are now discussing world order after the crisis. The pandemic will indeed change many things, but for the international political and economic landscape, it will be more of a catalyst, accelerating or revealing political and economic processes that already existed but are not so apparent.
There is no doubt that the current, unprecedented global economic slowdown caused by the novel coronavirus pandemic requires unprecedented measures of global cooperation. However, the current global action is sadly insufficient and the future looks uncertain.True, the Extraordinary G20 Leaders' Summit offered a glimmer of hope. Several good proposals were made, but they were not given adequate attention in the international media and in the work of decision-makers. Many are focusing on other themes, mainly revolving around the statistics of the pandemic and its victims, and on measures taken at the level of countries.
Faced with ethnic and religious conflicts, territorial disputes, and climate change, water resources crisis, and other non-traditional security threats, China and India as two ancient civilizations, should set an example for the world. The two countries should enhance mutual understanding through people to people exchanges and dialogue between civilizations.
The coronavirus situation in the US and Europe is now so serious that it is overwhelming the ability of numerous Western governments to develop strategic policies. Given the immense efforts and suffering the Chinese people put into fighting the coronavirus, it is difficult for them to imagine that the situation in the West is very many times worse than it was at the worst moment of the crisis in China. But this reality is proven by the facts.
The negative U.S. oil futures were a preview of extreme situations and didn't reflect the real price, a global commodity expert said as the U.S. oil futures plunged below zero U.S. dollars a barrel on Monday for the first time in history.
Former British prime minister Winston Churchill once said: "The farther back you can look, the farther forward you are likely to see." The COVID-19 pandemic has repeatedly broken people's previous assumptions. At first people thought it was just a new SARS, then it was predicted to likely come to an end when summer arrives.
China will maintain an average annual growth rate of 5.2 percent for 2020-2021. China has the chance to hit a growth rate higher than 1.2 percent in 2020. On the contrary, both the U.S. and Eurozone economies have been projected to grow by 4.7 percent in 2021, leaving the average annual growth rates at minus 0.7 percent and minus 1.5 percent, respectively. In other words, developed economies will recover to their pre-recession level by 2022.
The sudden onset of the coronavirus in the US came as a great shock to the nation. We had been watching its progress for some time, but we were somewhat used to seeing viruses appear in Asia or Africa. But this was the United States of America, a modern, developed nation, indeed, the leader of the "free world." Those kinds of things just don't happen here! We have a modern medical system that preserves the health of the nation. There are few remaining survivors of the generation that experienced the last great outbreak of 1918-19, which was inappropriately labeled the "Spanish flu."
As the outbreak is spreading worldwide, posing an enormous threat to life and health and bringing a formidable challenge to global public health security, the article said, it is imperative for the international community to strengthen confidence, act in unity and work together in a collective way.Viruses respect no borders, and epidemics do not distinguish between races, it went on, adding that this global public health emergency has driven home the urgency and imperative need to build a community with a shared future for mankind.
In the midst of the global COVID-19 pandemic, China has worked hard to overcome the peak of the outbreak and people have started to return to work and resume production. It is the hope of people around the world, who are still at the most difficult stage of their anti-virus war, to receive anti-epidemic assistance. Yet some bizarre accusations against China have arisen. This attempt to cast blame on China is designed to divert attention from their own country's inept responses to COVID-19. We must recognize these as obfuscations that so regrettably undermine humanity's efforts to end the pandemic.
Trump announced on Tuesday the US would halt funding for the WHO over its coronavirus response, accusing the organization of severely mismanaging and covering up the outbreak and claiming that the WHO made a dangerous decision in opposing travel restrictions from China and other nations. This decision to unilaterally slash funding to the organization, which is widely recognized for its essential role in providing global governance over health and disease crises, came after the Trump administration was slammed for mishandling the pandemic, which has so far caused over 600,000 confirmed cases in the US, with reportedly over 2,300 deaths on Tuesday - the highest daily death toll.
A system, no matter how perfect it may be, requires people to execute it. Only when they acquire basic knowledge can they make comprehensive decisions and reduce the possibility of negligence when similar crises arise. Even as they become more aware of their personal safety, managerial and grass-root level staff will have a heightened awareness of any emerging crisis, which will prompt them to make timely responses and ensure reporting procedures are followed smoothly.
The US and Japan seem to have forgotten the basic fact that their corporations' presence across the globe is the most important foundation stone for their international influence and tech advantages. If the US and Japan move their companies out of China, they will potentially lose the China market, and no other countries can import as many products as China. It will result in a decline in their international role.
What humanity now needs is not only a revolution in national governance capacity. We need transformation and adjustment of government behavior and local governance methods to deal with public health crises. We need to help more poverty-stricken areas to avoid becoming a hotbed of viruses. Moreover, we need a revolution in the concept and mind-set of global governance.
As coronavirus infections in the US continue to skyrocket, Surgeon General Jerome Adams has warned Americans to brace for a hard week of coronavirus deaths, comparable to the attack on Pearl Harbor or the 9/11 attacks. According to Morgan Stanley's prediction, the final number of confirmed cases in the US may reach 570,000. The east and west coasts will reach peak cases in mid-April to May.
One is that China is not the original source of the virus. China is the first country to suffer the virus outbreak, it is first point. Second is no matter the criticism all China brain cannot solve the problems, cannot help us to against the coronavirus, cannot promote the relationship between China and your country, and cannot promote to ask for China’s help in the future. Just my initial point.
Governments across the globe have announced severe measures to check its spread, from social distancing practices to lockdowns and quarantines. With factories, shops, restaurants and theme parks closed and most airline flights suspended, the economy has been falling off a cliff in many parts of the world.