An employee checks operations of an automatic medicine-sorting machine at a logistics center in Lianyungang, East China's Jiangsu Province on Tuesday. The city, which has the country's leading pharmaceutical firms such as Hengrui Medicine, is ramping up efforts to establish a complete biopharmaceutical industrial chain and build itself into a base for domestic new drug research and development. Photo: cnsphoto

As the coronavirus pandemic has come under control in China, the world is shifting its industrial chains and funds to the Chinese market, said Huang Qifan, economist and vice-chairman of the China Center for International Economic Exchanges.

Many previously thought that China would be dissociated from the world economy and its industrial chains would be abandoned by other countries due to the virus. However, with the novel coronavirus spreading globally and the massive shutdown of business activities around the world, China has become a safe harbor for the global manufacturing industry and will gain more development opportunities, Huang said.

He also predicts global efforts to end the pandemic and restore production will allow all kinds of resources to flood the Chinese market.

Since March, countries around the world have unleashed resources and funds to save their economies, injecting liquidity into the markets. With the exception of financial funds used to purchase anti-epidemic materials and solve essential problems for citizens, most of the funds expect an investment return rate of 5 percent to 10 percent.

From a global perspective, there are not many markets that can absorb such a scale of funds and meet returns, he said. China, where the pandemic has come under control and investment risk is the lowest globally, is the exception.