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Academic Journal of Business & Management, 2024, 6(8); doi: 10.25236/AJBM.2024.060814.

The Impact of the COVID-19 Epidemic on China's Economy, Policy Implementation, and Future Prospects Impact on China's Economy

Author(s)

Lili Ma

Corresponding Author:
Lili Ma
Affiliation(s)

Franklin University Switzerland, Lugano, Switzerland

Abstract

The COVID-19 pandemic started in the first quarter of 2019 and has continued to impact the world through disruptions to global value chains and social and economic fallout because of policies taken to mitigate the spread of the virus and policies that were adopted subsequently to mitigate the economic impact of the pandemic. This paper aims to investigate the impact of COVID-19 on China’s economy, domestic trade, foreign trade, and financial markets. This objective is achieved by using monthly data spanning from 2020 to 2022. I use autoregressive distributed lag (ARDL) models to analyze the impact of COVID-19 on the economy, trade, and financial markets. The results show that Covid-19 hurt the economy and financial markets and a positively impacted domestic trade.

Keywords

The COVID-19 Pandemic, Impact, Chinese Economy, Policies Implemented, Future Perspective

Cite This Paper

Lili Ma. The Impact of the COVID-19 Epidemic on China's Economy, Policy Implementation, and Future Prospects Impact on China's Economy. Academic Journal of Business & Management (2024) Vol. 6, Issue 8: 87-94. https://doi.org/10.25236/AJBM.2024.060814.

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