Abstract:The outbreak，as a major external shock，has exerted a broad and far-reaching impact on global economic and social activities and its sustainable economic development. This article analyzes the impact of the epidemic on the economic globalization and China’s sustainable development. It concludes that the outbreak may see the rise of trade protectionism，but it will not diminish the advantage of China’s supply chain；that the virus has plunged China’s economy into its worst short-term recession since the reform and opening up，and highlighted the complex internal and external environment and all-round risks and challenges facing China in its sustainable development；and that the containment of the epidemic has seen the recovery of China’s economy. In the post-COVID-19 era，it is important to comprehensively enhance China’s capacity for sustainable development. Domestically，the short-term priority is to stabilize demand promptly，improve systems and mechanisms for the prevention and control of major epidemic，and take the initiative to strengthen weak spots in the medical and health sectors，and take measures to boost economic recovery. The long-term tasks are to solve the long-term structural and institutional problems facing China’s economy from the supply side. That is，we should advance structural reform，foster new growth areas and poles，and firmly seize the initiative in development，so as to comprehensively improve the overall competitiveness of Chinese economy and its ability of sustain development. Externally，we should fight COVID-19 together，promote economic and trade cooperation，pursue broader international exchanges and cooperation，redouble efforts to avoid the resurgence of trade frictions，and advance a new round of globalization with stronger global cooperation.
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