Welcome to Francis Academic Press

Academic Journal of Humanities & Social Sciences, 2020, 3(9); doi: 10.25236/AJHSS.2020.030911.

Impact of the Novel Coronavirus Epidemic on China's Industrial Development

Author(s)

Changsheng Bao

Corresponding Author:
Changsheng Bao
Affiliation(s)

Department of Economic Management, Shanghai University of Political Science and Law, Shanghai, China

Abstract

The novel coronavirus (COVID-19) pneumonia is now driving the “reverse globalization” trend. After the epidemic, many foreign companies may leave China, which will produce great impacts on China's industrial chain and the supply chain. In this paper, the input-output analysis method is used to analyze the impact of the epidemic on the development of various industries in China from three aspects: dependence, influence and possibility of transfer. The sequence of industries affected by the epidemic from highest to lowest is: modern services, advanced manufacturing, the light industry, the heavy industry, traditional services and agriculture.

Keywords

Novel coronavirus epidemic, Input industry analysis, Industry chain

Cite This Paper

Changsheng Bao. Impact of the Novel Coronavirus Epidemic on China's Industrial Development. Academic Journal of Humanities & Social Sciences (2020) Vol. 3, Issue 9: 100-109. https://doi.org/10.25236/AJHSS.2020.030911.

References

[1] Lewis, W.A. Economic Development with Unlimited Supplies of Labor, The Manchester School, 1954.
[2] Vernon, R. International Investment and International Trade in the Product Cycle. Quarterly Journal of Economics, no. 2, pp. 190-207, 1966.
[3] Prebisch, R. A Macro-economic Approach to Foreign Direct Investment. Journal of Economics, vol. 14, no. 6, pp. l-21, 1973.
[4] Hymer, H. The International Operations of National Firms: A Study of Direct Foreign Investment. Journal of International Management, no.8, pp. 103–104 ,1976.
[5] Yu, D.F., Gan, C.H., Zheng, R.G. Analysis of the Correlation Characteristics of China's Industrial Structure: An Empirical Study Based on the Decomposition Technology of Input-Output Structure. China Industrial Economics, no. 11, pp. 5-11, 2011.
[6] Jin, C.P. Analysis of the Correlation Characteristics of China's Industrial Structure: An Empirical Study Based on Input-output Technology. China Economic and trade Herald, no. 5, pp.16-19, 2019.