Cover
Half Title
Title Page
Copyright Page
Table of Contents
Preface
Note on Chinese names
List of Contributors
Translator’s Acknowledgement
Chapter 1: Sino-US Relations in the Context of the COVID-19 Pandemic: Risks, Options, and Routes
Notes
Chapter 2: De-Globalization: The Shadow Hovering Over the World Economy in the Post-Covid-19 Era
Introduction
Populism and the COVID-19 Politics
De-globalization in the Post-COVID-19 Age
Chinese Responses to De-globalization
Notes
Chapter 3: A Prospect of the Digital Economy in the Post-COVID-19 Era
China’s Economic Growth in the Digital Age: Relatively Optimistic Expectations
Long-Term Favorable Conditions for China’s Development of the Digital Economy
The Pandemic Enhances Digital Economy
The Government and Enterprises to Resume Work to Quicken Development after the Pandemic
Note
Chapter 4: Getting Prepared for a New Type of Long-Term Recession
Introduction
Economic Situation under the Pandemic: The Selection of Research Methods
Policy Orientations: Promoting Maximum Employment, Fighting for Survival, and Prioritizing People’s Life
Effectively Support Micro-Small-and-Medium-Sized Businesses
Promoting Maximum Employment
Focus on Public Construction Projects
Fiscal and Monetary Policies
First Things First: Proper Fiscal Policy
Monetary Policy: Creating a Favorable Monetary and Financial Environment
Coordination Is the Most Important
The Deepening Debt Crisis
Guarding Against Financial “de-Sinicization”
“De-Sinicization” in the Financial Field
Notes
Chapter 5: The Logic and Warning of Providing Limitless Amount of Funds by the Federal Reserve
A Review of the Evolution of American Subprime Mortgage Crisis
Stabilizing Finance and Stimulating Economy: Two Steps the Federal Reserve Took to Respond to the Subprime Mortgage Crisis
Can QE Cause the Stock Market Bubble? Can a New Round of Financial Crisis Be Avoided?
The US Macroeconomic Responses to COVID-19 and their Impact on Global Finance
Focus on Economic Recovery, but no Rush to Dismantle the Financial Barrier
Note
Chapter 6: Globalization, the Pandemic, and International Economic Governance
Great Development of Globalization after WWII
Reflections on Globalization
Impact of the Pandemic on Globalization
International Economic Governance under Adjustment
Globalization and China
Notes
Chapter 7: Responding to the Severe Impact of the Pandemic, and Accelerating High-Level Opening Up
Severe Challenges for Economic Globalization
Prominent Characteristics of “Challenging Globalization” under the Impact of the Pandemic
Slow Global Economic Growth by the Pandemic Might Cause a Global Recession
The Pandemic Will Change the Existing Pattern of Economic Globalization and a New Paradigm is Forming
Important Measures to Respond to the Serious Impact of the Pandemic on Economic Globalization
Make New Breakthroughs in China–Japan–ROK Economic and Trade Cooperation
With the Goal of China–EU Integrated Market, Form a New Pattern of China–EU Economic and Trade Cooperation
Promoting the Process of Asia-Pacific Economic Integration Based on RCEP
Establish a New High-Level Open Economic System
Focusing on the Service Industry and Expanding the Market Opening
Create a Convenient Business Environment
Deepening Comprehensive Reform by Way of Institutional Opening Up
Notes
Chapter 8: The Pandemic Impact on the Global Supply Chain and China’s Response
The Distribution of the Supply Chain in Today’s World is the Result of Globalization Dominated by Efficiency Logic
The Increasing Risk of the Pandemic Impact on Global Supply Chain Disruption
Great Challenges to China’s Supply Chain Security and Global Status
Turning Crisis into Opportunity: Further Improving the Security and Global Status of China’s Supply Chain
Efficiency-Oriented Economic Globalization Still Irreversible in the Long Run
Notes
Chapter 9: Some Thoughts on the Current World Economy and Globalization
Chapter 10: China and the World Under the Impact of the Pandemic
Most Countries Caught in “Dilemma” as COVID Spreads
Will China’s Industrial Chain Suffer another Impact Because of the Pandemic?
The Trend of China’s Economy and the World Economy in the Post-Pandemic Era
Economic Nationalism to Hurt China Badly
Taking Measures to Boost Consumption and Restore Economy
A New Type of “Cold War” in the Post-Pandemic Era
Seeking Wisdom from Traditional Culture to Build a Chinese Discourse System
Chapter 11: Looking into the Financial Turmoil during the COVID-19 Pandemic: Causes, Characteristics, Impacts, and Responses
Global Financial Turmoil
The Triggering Factors and Deep-Seated Causes of Global Financial Turmoil
The Global Financial Turmoil Might Linger
Similarities and Differences Between the Current Global Financial Turmoil and the 2008 International Financial Crisis
Potential Impact of Global Financial Turmoil on China
Policy Suggestions
Notes
Chapter 12: The COVID-19 Pandemic and the Changes in the Past Century
This Pandemic is Comparable to a World War, and the Existing International Order is Unsustainable
The Downward World Economy only One Step Away from a Great Depression
More Sino-US Confrontations while the Major Countries Seem More Divided
The Global Geostrategic Pattern Continues to Evolve, and the Asia-Pacific Region Will Hold a Central Spot
Globalization Encountered a Counter Current Vortex, and Global Governance Is Facing an Unprecedented Crisis
The Core of International Political Competition: Disputes Over System, Mode of Development, and the Area of Science and Technology
Rethinking about the New Relationship Between China and the World
Chapter 13: Avoiding the “Free Fall” of Sino-US Relations
When Diplomats Become Politicians
Why Cannot Sino-US Relations Be What They Have Been?
Hope Is on the Side of China
Notes
Chapter 14: Europe in the Post-COVID-19 Era and the Problems in Sino-Europe Relations
The Impact of the Pandemic on the General Trend of Europe as a Whole
On the Economy
Impact on Society
Impact on the Government and Political Parties
The EU Perspective
Impact of the Pandemic on China–EU Relations
As the “Ballast Stone” of the China–EU Relations, Trade and Investment Call for Special Attention
Raising the Level of Political Cooperation
Public Opinion Needs to Be Channeled
The EU and the World System
The EU’s Mainstream Concept or Ideas of the Future World
Basic Ideas on Future Global Governance
Could China and Europe Jointly Promote a Community of Shared Future of Mankind in the Field of Public Health?
Is It Possible for China and the EU to Form a Community of Common Destiny to Fight the Pandemic?
Notes
Chapter 15: The US Internal Affairs, Diplomacy, and Sino-US Relations During the COVID-19 Pandemic
The United States Under the Impact of the Pandemic
The Relationship between the United States and the World in the Context of the Pandemic
COVID-19 and Sino-US Relations
Notes
Chapter 16: Impact of the COVID-19 Pandemic on the World and Sino-Japan Relations
COVID-19 Creates a New Turning Point in History
The Direction of Globalization Will Not be Reversed, But the Rhythm Paradigm Will Be Adjusted
Regional Development of International Relations Will Accelerate
Great-power Strategic Rivalry Further Integrates Economy and Security
The Complex and Multiple Impact of the Pandemic on China–Japan Relations
Impact on Japanese Politics, Political Situation, and Society
Impact on China–Japan Relations
How to Understand and Build Sino-Japanese Relations in the New Era
Opportunities for Exploring the Multilateral Path of China–Japan Cooperation
Trilateral Cooperation Results Passed the Pandemic Prevention and Control Test
The Joint Prevention and Control Achievements to Enable Multi-field Cooperation
Promoting Regional Governance through China–Japan–ROK Cooperation
Notes
Chapter 17: Africa and China–Africa Relations in the Post-COVID-19 Era
The African Economy under the Pandemic
The Pandemic Has Had a Serious Impact on Economic Growth in Africa
Impact of the Pandemic on China–Africa Economic and Trade Cooperation
The Pandemic Has Not Changed the Long-term Healthy Trend of the African Economy
Security in Africa after the Outbreak
Competition among World Powers in Africa after the Outbreak
China and Africa Will Continue to Strengthen and Enhance Cooperation after the Pandemic
Notes
Chapter 18: Material Interest and the Concept of Values: International Conflicts and Cooperation During the Pandemic
During the Pandemic: People, Countries, and the International Community
Human Nature and Rationality
Governance Capability
Effectiveness of International Organizations
Under the Global Pandemic, the “Constrained” Global Production Chain and the “Dilemma” of the State
The “Fettered” Global Production Chain
Global Production Chain Leads to National “Dilemma”
Three Possible Trends of the World Order after the Pandemic
Conclusion
Notes
Chapter 19: COVID-19 and Global Governance Reform
Global Governance and Governance Mechanism
Global Governance Is Born to Deal with Global Problems
Global Governance Mainly Depends on Institutional Governance
Major Countries Play a Crucial Role in Global Governance
Global Governance Dilemma under COVID-19
International Organizations Fell into a State of Partial Failure
Various International Mechanisms Failed to Respond Quickly
Absence of Leadership Makes Coordination and Cooperation More Difficult
Global Governance Reform from the Perspective of a Community with a Shared Future for Mankind
Maintaining the Existing World Order, Promoting the Reform of the Global Governance System, and Forming a Community of Shared Future
Updating Concepts, Enhancing Community Awareness, and Forming a Community of Same Ideas
Reforming the Existing International System, Increasing Its Authority and Action Capability, and Forming a Community of Institutions
Empowering WHO, Expanding Its Functions, Strengthen Its Institutional Power, and Upgrading the Global Public Health Governance System
Adopting Common Policies, and Build a Policy Community and an Action Community
Forming a Community of Responsibility Among Great Powers
Conclusion
Notes
Chapter 20: The Outbreak of the COVID-19 Virus: Nowhere to Avoid it and an Interrogation of Misery
Suddenly, Nowhere to Be Spared
A Practical Problem Becomes Metaphysical
Crisis: The Way of Survival and the Rules of the Game
The Origin of Suffering
Notes
Index