1. The Impact of COVID-19 on World Economy and China’s Role
- Author:
- Xu Xiujun
- Publication Date:
- 07-2020
- Content Type:
- Working Paper
- Abstract:
- Recent years have seen more countries to experience “three lows and three highs” problems. The pandemic triggered the exposure of these accumulated risks, leading to a slump in world economic growth. Given the developing trend of world economy amid the ongoing pandemic, the world may face a range of challenges for a long time to go, e.g. insufficient momentum for economic growth, increased resistance for market opening and rising debt risks. As the world economy suffers a major hit, China has been active in providing the international community with the assistance needed to combat the COVID-19 and recover the economy, while China’s economy itself has shown strong resilience and stability. In the long run, the pandemic will not change the sound momentum of China’s economic development; rather, it will provide an opportunity for China to play a significant role in the world economy.
- Topic:
- Economy, Global Political Economy, and COVID-19
- Political Geography:
- China and Asia