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The Potential Impact of COVID-19 on the Chinese GDP, Trade, and Economy

Author

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  • Zohal Habibi

    (Department of International Economics, School of Economic, Hefei University of Technology, Hefei 230009, China)

  • Hamed Habibi

    (Department of International Economics, School of Economic, Hefei University of Technology, Hefei 230009, China)

  • Mohammad Aqa Mohammadi

    (College of Horticulture, Fujian Agriculture and Forestry University, Fuzhou 350002, China)

Abstract

COVID-19, a novel Coronavirus SARS-CoV-2, has wreaked havoc on global financial markets, economies, and societies. For example, this study looks at the impact of COVID-19 on the Chinese economy and its policy responses (fiscal, monetary, and institutional). This study also examines future issues. This study is timely and essential for policymakers and investors worldwide because of China’s size, contribution to global growth, and growing influence. The research shows that the presence of COVID-19 in China has global implications. Because of the virus threat, foreigners avoid mixing with the Chinese. Global tourists have cancelled their plans to visit China, and Chinese tourists cannot visit foreign countries. The rapid spread of the COVID-19 in China has halted normal life. The intensification of the COVID-19 may have long-term effects on China’s economy.

Suggested Citation

  • Zohal Habibi & Hamed Habibi & Mohammad Aqa Mohammadi, 2022. "The Potential Impact of COVID-19 on the Chinese GDP, Trade, and Economy," Economies, MDPI, vol. 10(4), pages 1-16, March.
    • Handle: RePEc:gam:jecomi:v:10:y:2022:i:4:p:73-:d:778148
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    References listed on IDEAS

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    Cited by:

    1. Lasha Labadze & Mohamed M. Sraieb, 2023. "Impact of Anti-Pandemic Policy Stringency on Firms’ Profitability during COVID-19," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    2. agarwal, shekhar & Gordon, Anna, 2022. "Complexities for the Indian Economy of China's Growing Technological Competence," OSF Preprints fk3r7, Center for Open Science.
    3. Ștefan Cristian Gherghina, 2023. "The Impact of COVID-19 on Financial Markets and the Real Economy," Economies, MDPI, vol. 11(4), pages 1-5, March.
    4. Wanfang Shen & Jianing Shi & Qinggang Meng & Xiaolan Chen & Yufei Liu & Ken Cheng & Wenbin Liu, 2022. "Influences of Environmental Regulations on Industrial Green Technology Innovation Efficiency in China," Sustainability, MDPI, vol. 14(8), pages 1-25, April.
    5. Xianglan Chen & Yuanyuan Hao & Yachao Duan & Qinghong Zhang & Xiaoli Hu, 2023. "Gender and Culture Differences in Consumers’ Travel Behavior during the COVID-19 Pandemic," Sustainability, MDPI, vol. 15(2), pages 1-16, January.
    6. agarwal, shekhar, 2022. "India’s Rising Technology Economy: Sources and Consequences," OSF Preprints x6yzm, Center for Open Science.
    7. Yiwen Wang & Jiangang Xu & Di Liu & Yuye Zhou, 2023. "Analysis and Comparison of the Industrial Economic Resilience in the Taihu Lake Basin under the 2008 Financial Crisis and the 2018 Sino-US Trade War," Land, MDPI, vol. 12(2), pages 1-22, February.
    8. Pejman Peykani & Mostafa Sargolzaei & Amir Takaloo & Shahla Valizadeh, 2023. "The Effects of Monetary Policy on Macroeconomic Variables through Credit and Balance Sheet Channels: A Dynamic Stochastic General Equilibrium Approach," Sustainability, MDPI, vol. 15(5), pages 1-21, March.

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    Keywords

    COVID-19; trade; GDP; economy;
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