At present, the prevention and control of the epidemic is like a war without smoke.
The global COVID-19 could affect the global economy in three main ways: by directly affecting production, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The Chinese currency rallied from 7.16 yuan to the US dollar in late May to 6.52 yuan/US dollar at the end of December 2020, about a 10% gain.
In the short term, analysts expect a 9% to 10% decline in global container shipments due to the coronavirus pandemic. The steep fall has been caused by a breakdown of supply chains in and out of China, canceled sailings leading to a shortage in shipping capacity and container equipment, and the impossibility of planning due to extreme uncertainty and little information.
The container cost shoot up crazily in the end of 2020.
Hang in there because the light is at the end of the tunnel.
China will continue to be an active participant and promoter of globalization, while the coronavirus epidemic may be a watershed in the process of globalization.
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