Yicai Global) Sept. 30 -- China will increase its influence over global markets as the world's second-largest economy continues to attract international trade and investment in the wake of the coronavirus pandemic, according to a senior fellow at Yicai Research Institute.

That growing influence is due to two factors, Mark Kruger said recently at the 10th National Forum on Canada-China Economic Policy hosted by the University of Alberta's China Institute.

First, China's recovery is less reliant on policy support than that of other countries, so it has more space to maneuver on policy and is subject to fewer vulnerabilities, Kruger said. Second, Covid-19 is accelerating the two-decade trend of economic convergence.

Kruger made the comments during a panel discussion with Nicholas Lardy, senior fellow at the Peterson Institute and an expert on the Chinese economy, and Graham Shantz, president of the Canada-China Business Council. The events was held virtually.

Yicai Research Institute is a Shanghai-based think tank affiliated with Yicai Media Group.