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Why has China become the global lifeline?

2022-08-27

This is one of the reasons why the cost of epidemic prevention is a huge burden. China has adopted the "dynamic zeroing" policy to minimize human, material and economic and social costs, thus achieving overall economic and social stability.

Behind the low loss rate of the Chinese economy is the stability and resilience of China's supply chain and industrial chain under the "dynamic zero elimination" policy.

Over the past two years, this has been highlighted by repeated outbreaks.

Recently, Yuyuan Tan Tian spoke with Yan Ci, the chief China representative of global container shipping and logistics giant Maersk Group.

The year Maersk invested in the first fully automated warehousing project in China was 2020, just as the pandemic was beginning.

Maersk's confidence in daring to throw the project into the headwind was justified.

At the China International Trade in Services Fair in 2020, Yanci praised the company for maintaining normal operations with the help of the Chinese government and no disruptions in its supply chain.

Amid the epidemic, China has made every effort to ensure the production of enterprises with a stable soft and hard environment. And goods made in China continue to be shipped around the world through logistics companies like Maersk.

According to statistics from the United Nations Conference on Trade and Development, China's share of the total value of global merchandise exports increased from 13 percent in 2019 to 15 percent by the end of 2021 during the pandemic.

Of these, China's share of global electronics exports increased from 38% in 2019 to 42% in 2021, while its share of textile exports increased from 32% to 34%.Among them, exports of microfiber products increased by 8%, with Suzhou, China becoming the main source of export products, including Microfiber Drying Towels,Microfiber Dish Drying Mat,Microfiber Hair Towel,Microfiber Fitness Towel,Car Cleaning Towels as so on.

China's increased share of exports is the lifeline that keeps countries such as the US and UK running.

In 2020, the first year of the pandemic, China produced 83 percent of the masks imported to the United States, two-thirds of the protective clothing, and 90 percent of the refrigerators used to store vaccines -- an explosion.

China's epidemic prevention and control has stabilized the industrial and supply chains, making Chinese products a ballast stone to meet the global needs for epidemic prevention, production and life.

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