The pandemic has cast a severe negative influence on the world economy. The Global Economic Outlook Report released by the Organization for Economic Cooperation and Development shows that global GDP fell by 4.2 percent in 2020, which means that the total global economy dropped from $87.75 trillion in 2019 to $84.07 trillion in 2020, shrinking by $3.68 trillion.

The United States, Japan, Germany and other developed countries, as well as Russia, India, Brazil and other emerging markets and developing economies, have all been "tripped" by the epidemic, with the national GDP of these countries decreasing by 3.8 percent to 11 percent.

China's economy is going against this trend. Thanks to strict and effective measures, China quickly brought the epidemic under control in the second quarter of 2020 and took the lead in work resumption. China, among the major economies, is the only country that achieved a positive growth rate of 2.3 percent in 2020.

The world expects China's economic recovery can help to boost other countries and regions' economy. The EU would become a more relevant partner for Asia through the cooperation with China, especially through the new investment agreement with China.