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'Decoupling' the wrong approach to weather economic impact

By Zhong Nan | | Updated: 2020-05-20 16:53
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Decoupling from global industrial and supply chains is not a good prescription to deal with the impact caused by the COVID-19, and China will demonstrate higher efficiency, better services and a sound business environment to support world economic cooperation, a senior official said on Wednesday.

Though the epidemic has generated a huge impact on global industrial and supply chains, and the international community has witnessed certain anti-globalization trends, the leaders of most countries and mainstream international public opinion have called on all countries to strengthen unity and keep global industrial and supply chains running smoothly, said Guo Weimin, spokesman of the third plenary session of the 13th National Committee of the Chinese People's Political Consultative Conference.

He said survey results announced by some professional institutions also show multinationals are not willing to withdraw from overseas markets, including China. The spread of the epidemic has not only created difficulties in international economic cooperation, but also reflects the importance of such cooperation.

China will continue to optimize its business environment, actively expand imports, expand foreign investment and contribute to the stability of the world economy, he said, adding China’s opening-up policy will not change, its adherence to the concept of peaceful development and win-win cooperation will not change and the country’s efforts to promote a community with a shared future for mankind will not change.

The official made the remarks during a press conference one day before the nation's top advisory body opens its annual session.

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