The impact of COVID-19 on the global and Chinese industrial chain is gradually becoming apparent. In the short term, it is mainly manifested in the breakdown of China's industrial chain of import and export and the shrinking of external demand caused by the stagnation of the order of developed economies. In the medium and long term, the tendency of global introversion of economic globalization may shake the existing system of intra-product specialization. As an important force of maintaining globalization, China should help small, medium and micro-sized enterprises to resume work and production in the post-epidemic era, so as to maintain the stability of global supply chain. China should try to recover the interruption of industrial chain as soon as possible, and strategically form a global value chain and a domestic value chain with China playing the leading role, especially to promote the integrated and coordinated development of Pearl River Delta, Yangtze River Delta, Beijing-Tianjin-Hebei and Chengdu-Chongqing. China should gradually build up a unified super-large-scale domestic market, and transform the export-oriented globalization strategy into the domestic demand-based economic globalization strategy in a better way.
