Protectionismshouldn’tbeadistractioninfightagainstcoronavirus-GlobalTimes

load_file(“/includes-n/article_top.html”);load_file(“/includes-n/float_share.html”);COMMENTS / COLUMNISTSProtectionism shouldn’t be a distraction in fight against coronavirusByWang JiameiGlobal Times reporter covering global political economy and development, international trade and investment.Wang JiameiPublished: Feb 06, 2020 02:42 PMload_file(“/includes-n/article_share.html”);Illustration: Luo Xuan/GT As the outbreak of the novel coronavirus (2019-nCoV) rattles the Chinese economy, globalization is also expected to face an unprecedented test from the sudden shutdown of the worlds factory.While various countries have put in place barriers aimed at controlling the spread of the epidemic around the world, trade protectionism should not become a distraction from the fight against the virus.After the World Health Organization (WHO) recently declared the novel coronavirus a global public health emergency, some countries have taken measures to prevent and control the epidemic, which are understandable and justified. Yet, there are other countries that overreacted, disregarding the WHO recommendations of avoiding unnecessary interference with international travel and trade.For instance, while the US government expressed its willingness to offer China assistance in the fight against the epidemic, it raised its travel warning for China to the highest level and temporarily banned the entry of all foreigners who traveled to China in the past 14 days.If anything, such measures will directly reduce flights and business between the two countries, which is likely to hit bilateral trade. Moreover, US Commerce Secretary Wilbur Ross said in a TV interview that the novel coronavirus outbreak in China would “help to accelerate the return of jobs to North America.”And when the yuans rate weakened against most currencies due to the virus impact on the Chinese economy, the US government reportedly finalized a new rule this week to impose anti-subsidy duties on products from countries that Washington deems to be undervaluing their currencies, potentially including China.It is a bad time for protectionism to make waves as global efforts should be focused on fighting the epidemic.Whatever the reason is, the inappropriate overreaction and the “America First” mind-set will do no good for the US economy. On the contrary, it will only cause a further drag on the already depressed international trade and weigh down the recovery of the world economy.As the worlds second largest economy, China is already deeply integrated into the global industrial chain, with its factories a key part of the global supply chain. So, the recent disruption of the virus to Chinas manufacturing has resulted in a supply crisis to a certain extent for businesses in the rest of the world, which is an inevitable part of globalization.For instance, Hyundai Motor announced it will suspend production in South Korea due to the delayed supply of parts.With the novel coronavirus outbreak taking a toll on the world economy, protectionist measures against China at such a difficult time will only accelerate and exacerbate the impact of the virus on the global economy.It is indeed necessary to take measures to regulate traffic when it comes to stopping the spread of the epidemic, but that should not include excessive obstacles for normal exchanges and practical cooperation among countries, which will only cast a shadow on globalization.The author is a reporter with the Global Times. bizopinion@globaltimes.com.cnload_file(“/includes-n/article_share.html”);RELATED ARTICLES Working from home trending amid coronavirus outbreakConducting data analysis, content review and document editing, Liu Hais first day back to work on Monday after … Coronavirus epicenter faces severe test as actual number of infections still unknownWuhan, the epicenter of the deadly coronavirus in Central Chinas Hubei Province, still faces a severe test after … Putin praises Chinas “decisive, vigorous” measures to fight novel coronavirus outbreakChina is taking “decisive and vigorous” measures to fight the novel coronavirus, Russian President Vladimir Putin said Wednesday.load_file(“/includes-n/article_most_view.html”);var wxs = (function() {return navigator.userAgent.toLowerCase().indexOf(micromessenger) !== -1})();if (!wxs) {/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var disqus_shortname = globaltimes; // required: replace example with your forum shortnamevar disqus_identifier = 1178720;/* * * DONT EDIT BELOW THIS LINE * * */(function () {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = https:// + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();}Please enable JavaScript to view the comments powered by Disqus.blog comments powered by Disqusload_file(“/includes-n/footer.html”);load_file(“/includes-n/addthis.html”);

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