The outbreak of COVID-19 in 2020 brought the severest globalpublic health crisis that the human race has ever encountered since theend of the World War II. Not only has the novel coronavirus posed athreat to people’s health and life, but it has dealt a heavy blow to theworld economy, international trade and the global financial market. Thepandemic has proved so destructive that it has even dwarfed the globaleconomic crisis of 2008. Governments of various countries juggle policygoals as they strive to keep a balance between pandemic control andeconomic resumption. With the pandemic spiraling out of control and theeconomy slipping into recession, the US Treasury was pressed intobringing forward several relief programs, while the Federal Reserveeffected emergency rate cuts to unleash liquidity to an infinite extent. Forall these efforts, the US continues to face a broken society, antagonismbetween political parties and chaos during election and the transfer ofpower. Even so, the US government’s suppression on China has shownno signs of easing with ever growing initiatives aimed at containingChina’s rise on all fronts. In the face of the sudden onset of the virus andan increasingly deteriorating external environment, China’s socialgovernance has exhibited great resilience in various aspects: not only hasChina made major strategic achievements in pandemic control, but it hasgained remarkable results in coordinating and promoting economic andsocial development with regular pandemic prevention measures in place.China has become the only major economy in the world that sustainspositive GDP growth.