The World Economy in the Crisis of Pandemic:The Change and Reshaping

The pandemic breaking out across the world has hit the global economy hard, and its negative impact mainly depends on the changes in the COVID-19 outbreak. Moreover, the pandemic is an exogenous variable to the economic system, and the influence system has its own characteristics, such as the less-damaged micro-economy and the relatively stable asset prices. The pandemic has had a profound impact on the world economy, and has changed international economic relations to a large extent. However, scientific and technological revolution, economic globalization and international industrial chains are the crystallization of human civilization and progress, and they will not be swept away by such a pandemic. Therefore, cooperation and development remain the general direction of the world progress. Facing a special environment, China must seek its own development in a more unstable and more uncertain world.