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"Compared with the last Great Recession caused by the 2008 global financial crisis, what makes the recession this time so 'grand' is not just in terms of how many jobs we're going to lose, but results from the fact that we're going to be led to a historical turning point in terms of geo-economics," he warned.
"China's tremendous success in lifting the majority of the underprivileged people out of poverty in over a little more than 30 years is a feat that is unparalleled and truly inspiring," said Mark van den Boogaard, senior policy adviser for the United Nations Development Programme.
"Countries should engage in international cooperation to fight against COVID-19, in particular to assist developing countries," he added.
"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.
"Chinese exports of refined oil products will also surge in 2019-21, pressuring Asian refining margins," Wang said.
来源：资阳报