Economics of the Pandemic: Weathering the Storm and Restoring Growth (China Perspectives)

By: Cai Fang

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Synopsis: The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals. This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China’s actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance. The book will appeal to students and scholars of economics, political science, and social development.