COVID-19's Economic Impact and Countermeasures in China

The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines. At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term. Contents: Foreword About the Editors Introduction Five Basic Facts About the Economic Impact of the COVID-19 Pandemic (Jun Zhang) Industry Dynamics Under the Impact of the COVID-19 Pandemic (Kou Zonglai) The Economic Impact of the NOVEL CORONAVIRUS Pandemic on Micro Enterprises and Fiscal Countermeasures (Fang Hongsheng, Wu Qi and Zhao Lexin) Impact of the Novel Coronavirus Pandemic on Structural Unemployment and Employment Patterns, and the Corresponding Countermeasures…