China faces fresh challenge after taming coronavirus

    After securing an upper hand in its all-out confrontation with the novel coronavirus on home turf, China faces another tough challenge, the economic fallouts of the outbreak already declared as a pandemic by the World Health Organisation.

    In stark contrast to the rapid spread elsewhere in the world, the virus spread has been basically contained in China, with new risks largely coming from imported cases.

    The National Health Commission said it received reports of 15 new confirmed cases on the mainland on Wednesday, among which six were imported cases.

    Since the beginning of the outbreak, China has prioritised the health of people from home and abroad and taken stringent measures to contain the spread of the virus at the expense of short-term economic gains.

    Flexibility and agility are what China has learned from its tough fight with the ferocious virus.

    Shortly before the World Health Organization declared the outbreak as a pandemic, China’s State Council unveiled new measures to support foreign trade and investment in case the increasingly severe situations overseas might further weigh down global industrial chains.The measures in the pipeline include a shorter negative list of foreign investment and more foreign trade loans from financial institutions.

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