ON EVALUATION OF THE EFFECTIVENESS OF SUPPORTING OF THE CHINESE ECONOMY DURING THE COVID-19 PANDEMIC

ABSTRACT

This article is devoted to a comparative analysis of the effectiveness of measures to support the economy during the COVID-19 pandemic in the People's Republic of China. A network description of economic and social support measures in China and other countries was made, and the relative amounts of support as a percentage of the gross domestic product produced were disclosed. The structure of economic support measures is analyzed. It was found that the relative size of the economy's aid does not affect the growth of the real gross product. On the example of China, the effectiveness of administrative actions to localize the pandemic and support the economy is revealed, while the role of educating the appropriate civil initiative is noted. During a pandemic, the key factor in the subsequent recovery of the economy is not the amount of cash injections and benefits provided, but the discipline and responsibility of the authorities and society.