In 2018, trade frictions occurred between China and the United States. Many companies chose to transfer their supply chains to China's neighboring countries, changing the production and distribution networks of products and services. As a result, countries like Vietnam and India have become the first choice for these companies.

However, since the outbreak of the COVID-19, the current situation is undergoing tremendous changes. With the rapid increase in cases of new coronary pneumonia in India and Vietnam, and China has achieved remarkable results in controlling the new coronary pneumonia, domestic economic activities have long been functioning normally. Therefore, more and more voices have expressed that the supply chain may return to China again. An economist said that the spread of the new crown pneumonia epidemic in parts of Asia could have a major impact on China.

Zhang Zhiwei, chief economist of Shanghai Pinpoint Asset Management, said: “Before the new crown pandemic, we saw factories that had invested heavily in China--Samsung and Foxconn. --Established factories in Vietnam and India." But the recent surge in new crown cases in these two countries has forced Foxconn to close factories in India and Vietnam. Foxconn is Apple's main supplier.

He added: “This may put the transfer of the supply chain on hold for a while. The most important thing is that international travel is currently at a standstill. Therefore, multinational companies cannot send employees to India and Vietnam to build new factories.”

Especially since entering April, the number of COVID-19 in India has continued to break record highs, and there is no obvious sign of weakening. A pessimistic economist predicts that the South Asian economy may contract in this quarter.

However, Zhang Zhiwei also pointed out that although the current situation may benefit China, how much benefit China can get will depend on how long the bad situation in India and Vietnam will last.

At present, China’s export growth is between 20% and 40%. If factories in India and Vietnam resume production soon, as companies move manufacturing to these two countries, China’s exports are expected to slow in the second half of this year. .

But if the supply chain (in India and Vietnam) is interrupted for a long time, this 20%, 30% export growth will continue in China until next year.

The situation of the global pandemic of the COVID-19 has had a very profound impact on the shaping of the future international pattern. In this process, countries all over the world, including China, are facing tremendous pressure.

At present, China has basically stabilized and resumed normal production activities. However, the self-proclaimed "democratic beacon" and "world hegemon" of the United States is still trapped in it. The huge epidemic prevention pressure has spread to the United States' foreign relations, especially In terms of China policy. The United States is trying to suppress and prevent China's economic development economically, compress China's external development space, coupled with military deterrence, to achieve the purpose of consolidating the US hegemony and containing China's rise.
 

However, the sudden COVID-19 has completely disrupted U.S. plans. Looking at the development of the world today, the roles of China and the United States are quietly changing. China is firmly practicing the concept of a community with a shared future for mankind through practical actions, and has gained more and more attention. The more countries recognize it, and in contrast to the United States, the true colors of the US double standard and military threat have been thoroughly exposed.