CCG online seminar: What role does the business community play in coping with a pandemic?
[Youtube]
https://youtu.be/fXF5UWSEYgg
As COVID-19 rapidly spreads around the world, businesses are increasingly under strain from supply-chain disruptions and other impacts. Responding to the global crisis requires international cooperation among governments, the business community, international organizations and other actors.
On 1 April, 2020, the Center for China and Globalization (CCG) held an online seminar, the third in a series, on the theme of “Coping with a pandemic: perspectives from the global business community”. This event brought together several senior representatives from international chambers of commerce in China, experts and scholars as well as business leaders to discuss topics such as the impacts of the coronavirus on global supply chains, and the role of government and the business community in tackling the pandemic.
Wang Huiyao, CCG president, pointed out that no countries can face this global crisis alone. He said the world should strengthen multi-level international cooperation to fight the pandemic.
Victor Gao, CCG vice president, said that all kinds of discrimination will make the fallout from the coronavirus even more harmful and dangerous.
Jeff Astle, managing director of APCO Worldwide Shanghai, said that the economic stimulus package China has launched to cope with the crisis due to the pandemic is more effective and targeted than that launched in 2008.
Nick Coyle, CEO and executive director of the Australian Chamber of Commerce in Beijing, said that China and Australia have achieved progress in cooperation in fighting the epidemic, and hope to boost cooperation in the future.
Cui Fan, professor at the University of International Business Economics (UIBE), emphasized that international community should cooperate and strive to reduce protectionism. He suggested decreasing tariffs in response to the pandemic.
Greg Gilligan, chairman of the American Chamber of Commerce in China, highlighted that although there is a crisis, a significant portion of the membership of AmCham in China will maintain previously planned investment levels, up 17% from last month’s survey.
Clare Pearson, former Chair of the British Chamber of Commerce in China, said that this is not the time for rivalry between the US and China. She emphasized that we are living in an era of a common struggle against the pathogen and that anyone trying to turn this moment into a political conflict has completely missed the point of where we are now.
Joerg Wuttke, president of the European Chamber of Commerce in China,stated that better coordination of fiscal and monetary stimulus measures would be beneficial to limit the economic damage caused by COVID-19, as coordination is still lacking at present.
Zhou Yanli, CCG advisor and former vice chairman of China Insurance Regulatory Commission, said that we should expand coverage of short-term export credit insurance, and also improve policies related to export rebates to reduce cost burdens on enterprises, while strengthening cooperation with major trading partners.
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