In addition to the devastating human toll of the coronavirus outbreak, the economic damage of a manufacturing shutdown in China is likely to be profound.

While receptive to proposals that are in line with its economic reform and opening-up agenda, the country cannot be expected to embrace rule changes that undermine ore parts of its successful economic model.

If China adopts the right policies and works successfully with the international community, there is a high chance that its economic growth will remain stable over the medium term, even with the coronavirus.

The coronavirus outbreak that began in the Chinese city of Wuhan has spread across the country and beyond its borders, leaving governments at all levels in China scrambling to limit further person-to-person transmission of the virus, now known as COVID-19.

In the long-term the outbreak will not alter the fundamentals of the Chinese economy. But actions are needed now to reduce risks, as ripple effects through supply chains can be felt around the globe.

China’s economy is growing at is lowest rate in over 30 years, but if the country’s nearly 40 million small and medium-size enterprises (SMEs) could overcome a lack of access to funding, they could become a powerful engine of economic dynamism. Can digital innovators close the SME financing gap?

The latest accusation adds to a long list of US charges against Huawei .

Just five days before the Chinese New Year, the authorities in Beijing finally declared the coronavirus epidemic that originated in Wuhan to be a major public health emergency.

It is not the end of the world. The plague will soon pass, and when it does, supply chains will reconnect, production will resume and everything will return to normal.

China’s rich trove of ancient wisdom expands the imagination about global governance. Its perspective deserves a place at the table. After asking what our current world is, we must not forget to ask ourselves what the future world could be.