The impact of COVID-19 reminds people of the fragility of the global industrial chain’s division of labor system. The pure economic thinking that has supported the system’s deepening and generalization in the past is not reliable.The coronavirus epidemic will cause strategic contraction for the global industrial chain’s division of labor system, but no country in the world can put aside or replace China’s industrial chain. It is not easy for western developed countries to establish independent supply chains to replace China immediately. The comparative advantages of China's manufacturing industry will still exist in a long period of time. And with the enhancement of economic development, the absolute advantages of domestic super large-scale market will gradually take shape and be strengthened, forming a lasting investment attraction for global industrial capital.Meanwhile, the trend of economic globalization is still irresistible and irreversible. Only in some aspects may the phenomenon of anti-globalization appear, or its form may change. The way China participates in the new round of economic globalization might change from the export-oriented globalization in the past to the strategy of utilizing domestic demand. Next, China should further optimize the business environment, especially reducing the costs for operators and increasing the attraction on foreign investment through reform and opening-up.
