A
worker disinfects the factory of Chang'an Automobile in Dingzhou, north
China's Hebei Province, Feb. 16, 2020. Companies in Dingzhou resumed
production with epidemic prevention measures during the outbreak of the
novel coronavirus. (Xinhua/Zhu Xudong)
It is clear that the novel
coronavirus pneumonia will have a major impact on China's economic
activity, which will translate into immediate pain for some companies
and even disaster for those with weak resilience. But the outbreak will
be short-lived, and it will not affect China's competitiveness or
disrupt the country's overall development trend, which is probably the
consensus of most economists around the world.
Western public
opinion has more recently assessed the impact of the public health
emergency on the Chinese economy, and many of them have intentionally or
unintentionally confused the short-term disaster caused by the outbreak
with the long-term impact on the Chinese economy. These comments may
have been mixed in with some people's hopes that China's future really
will be like this. They can't help but magnify the significance of
short-term events. Some of them could not help believing their own
paradoxical logic.
Source: Global Times http://www.globaltimes.cn. Government controlled publication.
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