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Impact of the COVID-19 Epidemic on China's Economy
- 1 Shanghai International High School of BANZ
* Author to whom correspondence should be addressed.
Abstract
At the beginning of 2019, China faced significant challenges due to the outbreak of COVID-19. During the epidemic, the people and the government experienced many difficulties, such as communication difficulties and insufficient supplies. Simultaneously, the global economy entered the attenuation phase, and the epidemic dealt a major blow to the world. In response, China carried out many strategies to prevent and control the spread of the epidemic, such as citywide lockdowns and nucleic acid. During these processes, these moves had a mixed impact on China's economy. This paper examines the effects of the epidemic on China's economy by analyzing news articles, official reports, and statistical data, including changes in imports and exports, trade balances, population trends, and unemployment rates before and after the outbreak. The findings reveal that while the epidemic introduced numerous challenges, it also prompted structural changes, leaving a nuanced and multifaceted impact on the Chinese economy.By searching for news reports, official reports, and comparing China's total imports and exports, trade deficit, resident population, and unemployment rate before and after the epidemic, the paper able to get a sense of how the epidemic affected China and how it impacted the Chinese economy as a whole. By analyzing the impact of the epidemic, this paper finds that the epidemic has had both positive and negative impacts on the Chinese economy.
Keywords
Covid19, shanghai’s economy, tertiary industry, city finance, unemployment
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Cite this article
Dong,J. (2025). Impact of the COVID-19 Epidemic on China's Economy. Advances in Economics, Management and Political Sciences,156,67-72.
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