Solutions for Post-pandemic Economic Recovery: The Case of China

ABSTRACT

The global economy is now under extremely severe pressure from a great variety of political, economic, social, environmental, and public health challenges. The COVID-19 outbreak has rapidly transformed from a medical phenomenon to a threat of disruption to global supply chains and economic recession in most countries of the world. Despite the similarity of problems, the impact of the pandemic on individual countries has appeared to be different in terms of the severity of both human and economic losses. China is the first country that experienced the outbreak in early 2020 and now it is one of the first to recover from it. A set of effective and efficient health security, economic, and social measures allowed China to restart economic activities in the domestic market and restore foreign trade with its counterparts. This paper presents an assessment of major macroeconomic parameters of China in 2020 compared to previous periods, discusses the efficacy of economic, fiscal, and investment solutions made by China’s government during the pandemic, and assesses how these measures have affected China’s recovery in terms of GDP, investment in fixed assets, exports and imports, money supply, and the price index. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.