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China crucial to combating COVID-19, mitigating impact globally -- Russian scholar

(Xinhua)    10:08, March 26, 2020

MOSCOW, March 25 (Xinhua) -- China can play a crucial role in defeating the COVID-19 pandemic globally and minimizing its negative impact on the economy, a Russian scholar has said.

Evsey Gurvich, head of the Economic Expert Group, a Russian analytical center on macroeconomic and fiscal policy, made the remarks in a recent interview with Xinhua ahead of a Group of Twenty (G20) extraordinary virtual leaders' summit on responding to the COVID-19 pandemic scheduled for Thursday.

"Joint efforts of the G20 members can go along several directions: containment of the coronavirus spread, treatment of patients, and minimization of economic consequences," said Gurvich, also a member of the Economic Council under the Russian president.

China is the first country to successfully curb the spread of COVID-19, and other countries will pay special attention to its anti-virus experience, he said, adding that China's experience in overcoming the economic consequences of the outbreak is also important.

"Fast recovery in economic activities in China after a decline in production in the first months of the year will serve as an important signal of optimism for the whole world economy," he said.

In his view, the solution to most global problems, wherever they originate, is only possible through close cooperation, and the current pandemic is no exception.

"The Chinese idea of building a community with a shared future for mankind is needed as it envisages a space where countries work together on mutually beneficial solutions to global issues," he said.

"If so far globalization has been associated mainly with the formation of international production chains and internationalization of financial markets, globalization after the COVID-19 outbreak definitely needs to be expanded to include health problems," he said.

A speedy return to a dynamic development of the global economy requires a shift from acting unilaterally to coordinating measures and following common rules of the game, the expert said.

"Integration proposals can play a positive role. China's Belt and Road Initiative and the alignment of the initiative and the Eurasian Economic Union are examples," Gurvich said.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: He Zhuoyan, Bianji)

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