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The Impact of the COVID-19 on Real Economy of China and How to Deal with It

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

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  • Yifang Xu

    (Sheffield University)

Abstract

It has been two years since the spread of COVID-19. The global economy has been hit in both years, and China is no exception. The real economy has been declining for two years. The COVID-19 has affected every country in the world to a greater or lesser extent, and this is also true for China. This paper shows the impact of COVID-19 on China's real industry by analyzing import and export trade, physical stores and education industry. The paper analyzes the impact of the epidemic on China's import and export industry through the trade amount of four different products, and compares the monthly box office from 2019 to 2020 to illustrate the rebound of the film industry after the epidemic. And analyze the impact of the epidemic on whether Chinese students choose to go abroad. The article will also introduce some measures and policies China has taken to protect the real economy. The author will also give some of her own opinions and suggestions. The epidemic has had a major impact on the real economy. Import and export have become difficult, and the catering industry in physical stores has also found it difficult to survive and lose money. The movie industry has theaters that cannot open, and movies that can not be shown. For the education industry, online education has both advantages and disadvantages.

Suggested Citation

  • Yifang Xu, 2022. "The Impact of the COVID-19 on Real Economy of China and How to Deal with It," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 546-550, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_81
    DOI: 10.2991/978-94-6463-036-7_81
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