China's resumption of production anchors global supply chain

The pandemic has disrupted the global supply chain. The reopening of production lines in China will not only help the Chinese economy, but also recover the global supply chain and lend a great support to the global fight against the pandemic.

The epidemic has indeed taken a heavy toll on China as the country's economic output shrank by 6.8 percent in the first quarter, the lowest reading in decades. Industrial production, infrastructure investment and retails sank to an all-time low.

However, these stumbling blocks cannot change the solid fundamentals and positive trend of the economy.

Good news has arrived. The purchasing managers' index (PMI) for China's manufacturing sector re-entered the expansion zone in March by firming up to 52 from 35.7 in February, official data showed.

Confidence should be strengthened, and consistent efforts should be made to accelerate the transformation of the economic development model, strengthen and optimize the real economy, especially the manufacturing industry, and promote new infrastructure investments such as in 5G network, Internet of Things, artificial intelligence and industrial Internet to foster new growth drivers, enhance the flexibility of the industrial chain and supply chain and solve the problem of unbalanced and insufficient development.