Will COVID-19 Cost China its 'World Factory' Title?

The COVID-19 pandemic has dealt a severe blow to more than public health; global trade, particularly the global value chain (GVC) system, has also suffered. The global economy has experienced significant shock, given the closing of international borders, travel restrictions, and nationwide lockdowns. The rate of spread of the contagion has become proportional to the impact on the globalized economy, resulting from the disruption of the global demand supply chain