COVID-19 and the Chinese economy: impacts, policy responses and implications

Liu, Kerry

doi:10.1080/02692171.2021.1876641

Cited by 58 publications

(36 citation statements)

References 17 publications

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“…Among them, the world's daily recovery ratio positively affect the stock market, while the world's confirmed cases seem to hurt the stock market the most. Furthermore, in order to support more enterprises to return to work and production, the local government issued a series of supportive policies and implemented them, such as providing tax relief and credit support for enterprises, especially for small and medium-sized enterprises [28]. At the same time, literature states that the government offered more jobs for infrastructure construction and promoted infrastructure-related industries [29].…”

Section: Sse Composite Index Analysismentioning

confidence: 99%

Data-driven Analysis of Remote Work in China during the COVID-19 Pandemic

Wu¹,

Munasinghe²,

Manikonda³

et al. 2022

Proceedings of the Annual Hawaii International Conference on System Sciences

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This paper leverages online content to investigate the biggest impact of COVID-19 -remote work, by using China as a primary case study. Telecommuting has become popular since February 2020 primarily due to the pandemic, and people have been slowly returning to their office from May 2020. This study focuses on two time windows in the year 2020 to calculate the growth of different job sectors. Our results indicate the negative impact of teleworking in manufacturing industry, but shows that information technology-related industries are less affected by working from home. This paper also investigates the impact of COVID-19 on the stock market and discussed what plan of action the policy makers should take to provide a good economic environment for the country. In addition to the overall economic situation, we observed how the psychological situation of employees could affect their job performance, indirectly affecting the development of certain industry sectors. Therefore, misinformation in certain Chinese social media channels was also studied in this paper specifically examining the rumors and their latent topics. We believe that our work will initiate a dialogue between scientists, policy makers and government officials to consider the observations highlighted in this paper.

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Section: Sse Composite Index Analysismentioning

confidence: 99%

Data-driven Analysis of Remote Work in China during the COVID-19 Pandemic

Wu¹,

Munasinghe²,

Manikonda³

et al. 2022

Proceedings of the Annual Hawaii International Conference on System Sciences

View full text Add to dashboard Cite

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“…The global economy began to decline after the financial crisis of 2008, but China's economy continued to expand at a moderate pace [65]. As a result of the novel coronavirus presence in 2019, worldwide limitations such as travel bans and closing borders are wreaking havoc on the global economy and financial markets in ways that have not been seen since World War II [66] and China is not an exception in this issue [67].…”

Section: Economic Impactmentioning

confidence: 99%

“…With the COVID-19 outbreak effectively under control, the Chinese government has started to implement various measures and has been gradually but steadily resuming its economy since early March 2020 [48,65,67]. It must be considered that the pandemic is not over yet and there are still measures to control the spread of COVID-19 in China and around the world, therefore, the impacts on the different sectors of the economy are ongoing through all the affected countries [48].…”

Section: Economic Impactmentioning

confidence: 99%

COVID-19 Vaccination Strategy in China: A Case Study

et al. 2021

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The coronavirus disease 2019 (COVID-19) outbreak in China was first reported to the World Health Organization on 31 December 2019, after the first cases were officially identified around 8 December 2019. However, the case of an infected patient of 55 years old can probably be traced back on 17 November. The spreading has been rapid and heterogeneous. Economic, political and social impacts have not been long overdue. This paper, based on English, French and Chinese research in national and international databases, aims to study the COVID-19 situation in China through the management of the outbreak and the Chinese response to vaccination strategy. The coronavirus disease pandemic is under control in China through non-pharmaceutical interventions, and the mass vaccination program has been launched to further prevent the disease and progressed steadily with 483.34 million doses having been administered across the country by 21 May 2021. China is also acting as an important player in the development and production of SARS-CoV-2 vaccines.

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“…Indeed, China was the location where the first case of COVID-19 was detected in December 2019 and was considered the first epicenter of the pandemic. Moreover, the Chinese economy is considered globally important ( Liu, 2021 ). Comparing between financial and non-financial Chinese firms, Akhtaruzzaman et al (2020) found that the correlation of these two groups with G7 countries increased after the COVID-19 outbreak, confirming the existence of contagion between China and the G7 countries.…”

Section: Introductionmentioning

confidence: 99%

Contagion and portfolio management in times of COVID-19

Belhassine

Karamti

2021

Economic Analysis and Policy

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This paper aims to investigate the COVID-19 pandemic impacts on the interconnectedness between the Chinese stock market and major financial and commodity markets—gold, silver, Bitcoin, WTI, S&P 500, and Euro STOXX 50—and analyze the portfolio design implications. Using daily data from 2018 to 2021, we first apply the wavelet power spectrum (WPS) to visualize volatility shifts. In contrast to previous research, we empirically identify the precise COVID-19 outbreak dates for each market using the Perron (1997) breakpoint test. Finally, we employ the bivariate DCC-GARCH model to analyze the connectedness between markets. The findings reveal that the COVID-19 pandemic caused volatility shifts of different intensities for all of the studied markets. Moreover, each return series exhibits one break date, which is specific to each market and corresponds to a distinct COVID-19-related event. Correlations, hedge ratios, and optimal portfolio weights changed significantly after the COVID-19 outbreak. There is evidence of contagion effects between the Chinese stock market and S&P 500, Euro STOXX 50, gold, and silver. Interestingly, the latter two assets lost their safe haven property with SSE. However, WTI and Bitcoin act as safe havens against SSE risks.

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COVID-19 and the Chinese economy: impacts, policy responses and implications

Cited by 58 publications

References 17 publications

Data-driven Analysis of Remote Work in China during the COVID-19 Pandemic

Data-driven Analysis of Remote Work in China during the COVID-19 Pandemic

COVID-19 Vaccination Strategy in China: A Case Study

Contagion and portfolio management in times of COVID-19

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