Economics of the Pandemic

This title compiles the latest research into the impact of COVID-19 on the Chinese economy. Economic experts from the Chinese Academy of Social Sciences analyse the present situation and current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, supply-and-demand, and public health sectors.

The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals.

This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China's actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance.

The book will appeal to students and scholars of economics, political science, and social development.

Autorentext

Cai Fang, Professor, PhD in Economics, is Chief Expert of the National High-end Think Tank at the Chinese Academy of Social Sciences, where he is an Academician. His recent publications include Demographic Perspective of China's Economic Development (2020) and Perceiving Truth and Ceasing Doubts (2020).

Inhalt

Introduction. 1. Economic Impact of the COVID-19 Pandemic. 2. COVID-19's impact on agriculture, rural areas and farmers and countermeasures. 3. Impact of the COVID-19 Pandemic on China's industrial economy and countermeasures. 4. From efficiency to safety: adjustments in the global supply chain under the impact of the COVID-19 pandemic and countermeasures. 5. Tertiary industry under the COVID-19 pandemic: Impact and Response. 6. Impact of the COVID-19 pandemic on the demand side and countermeasures. 7. Impact of the COVID-19 pandemic on the supply side and countermeasures 8. Process and countermeasures for resumption of work and production. 9. Impact of the COVID-19 pandemic on foreign trade and countermeasures. 10. Prevention and control of financial risks during the pandemic and the recovery process. 11 Public health countermeasures: Short term and long term. 12 Global spread of the pandemic and world economic outlook. 13. How to deal with the impact of the global economic recession. 14. Humanist economics after the pandemic