New viruses may develop. That is not in our power to prevent. But we can develop the ability and the means to tackle any new such threat if we build the international structures in which the world can act together and not behave as a house divided.
The global financial turbulence has indicated that investors have turned pessimistic over future economic developments as the pandemic has hurt confidence.But there remains huge development space in China's financial sector. The country's faster pace in opening-up has offered those growth opportunities to global investors, providing a safe haven for investment and shoring up confidence.
One hundred Chinese scholars published "An Open Letter to the People of the United States from 100 Chinese Scholars" in The Diplomat. It appeals for solidarity between China and the US and calls for an end to politicizing the pandemic and demonizing other countries. On Friday, more than 90 prominent figures in US security, diplomatic, business and academic circles also signed a letter calling on the Trump administration to work more closely with China to end the pandemic. The two letters echo each other. Officials and prominent figures from more than 20 countries have expressed their support for the Chinese scholars' letter seeking solidarity and stopping of the blame game.
People even in their wildest dreams would not have expected the US stock exchange to halt trading so frequently. The volatility of the US stock market can be attributed mainly to the novel coronavirus pandemic. And the strong rally over recent days could be temporary. As for when the stock market will bottom out, it depends on when the pandemic is contained, and at what cost. But the US administration should realize that more effective measures to control the disease, rather than the massive stimulus package it has announced, are more conducive to boosting stock prices in a big way.
When on March 8, after Russia declined to approve OPEC's proposal to cut production by an additional 1.5 million barrels, on top of the previous 1.7 million barrels agreed upon in December, the crude oil prices plummeted. Obvious explanation was that two shock factors knocked down the prices - a catastrophic drop in oil demand due to the spread of coronavirus and a price war between Russia and Saudi Arabia.
As the COVID-19 outbreak sweeps across the globe and causes severe economic damage, whether China-so far the only major economy that has largely brought the disease under control-can manage a brisk recovery concerns not only the country itself, but the entire world.
Nearly 100 former US officials and scholars issued a joint statement on April 3, calling for cooperation between China and the US in fighting against COVID-19. On April 2, 100 Chinese scholars published an open letter to the US in The Diplomat magazine, calling for global solidarity and cooperation against politicizing and stigmatizing the epidemic.
With the total of confirmed coronavirus infections surpassing 300,000 worldwide, panic has set in. United Nations Secretary-General Antonio Guterres has warned that humanity may be facing a crisis not seen in 75 years. Especially worrisome is that a great number of patients are dying because they can’t receive timely treatment, even in advanced countries, such as Italy.
An Open Letter to the People of the United States From 100 Chinese Scholars. 100 Chinese scholars share their views with American friends. They represent diverse academic fields including philosophy, political science, economics, medicine, international relations, sociology, law, communication, military science, and technology.
On March 11th, 2020, Robert Redfield, the director of US Center for Disease Control &Prevention (CDC), dropped a proverbial bombshell when he testified to the US Congress admitting that numerous virus deaths might have been miscategorized as flu. This belated admission of misdiagnosis has further lent credence to the earlier speculation that many pulmonary fibrosis cases, which resulted in deaths due to patients' inability to breathe, might in fact have been caused by coronavirus.
The unprecedented COVID-19 pandemic is changing the world at a rapid pace. Shortly after China encountered the outbreak, the rest of the world is under the influence of the rampantly spreading virus, with total cases excluding China surpassing 777,000 as of March 31.
The pandemic has a clear global course. Despite the coronavirus outbreak beginning in China, Beijing has brought it rapidly under control – the number of domestically transmitted cases was reduced to virtually zero by the end of March. In the US and Western Europe, on the contrary, the number of cases is rising vertiginously with no peak in sight.
At a think tank webinar held Monday, international experts called for countries across the world to cooperate and coordinate their actions to counteract the economic fallout of the coronavirus pandemic that has affected the lives of millions of people.
China's behavior throughout the outbreak has demonstrated that it takes its international responsibilities seriously, as is commensurate with its status and with Chinese traditions. It is in no way some kind of "atonement" for some "crime" which the country has never committed.
For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.
Think Tanks React campaign was published by ISPI Think Tank. It is show that a wave of solidarity among the Think Tank community to show how strong and united we are, even in dark times!
For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.
For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.
The Chinese word for “crisis” is composed of two characters that respectively signify “danger” and “opportunity.” The coronavirus pandemic has indeed alerted the world to the “danger” lurking amongst us. But the G20 Extraordinary Leaders’ Summit on COVID-19 of March 26 represented a real "opportunity” to advance a coordinated global response to the outbreak, and to create also a new paradigm for humankind to overcome the drawbacks and dangers implied by the prevailing geopolitical status quo.