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A Study on the Financial Situation of China's Retail Industry in the Context of the COVID-19 Epidemic

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

Author

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  • Jiazhen Zhang

    (Dongbei University of Finance and Economics, School of Accounting)

Abstract

Under the sudden new crown epidemic in 2020, my country's overall economic situation has been hit a lot, especially in the retail industry. The overall financial situation has declined significantly, and many companies have even closed down. In order to allow companies to better face financial risks, this paper mainly studies the impact of the epidemic on the financial situation of China's retail industry and analyzes the financial risk level of enterprises by applying the Z-score model. This paper also makes suggestions on the current company's business strategy through research. It can be concluded that some companies still go up against the current by means of methods.

Suggested Citation

  • Jiazhen Zhang, 2022. "A Study on the Financial Situation of China's Retail Industry in the Context of the COVID-19 Epidemic," 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 655-661, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_98
    DOI: 10.2991/978-94-6463-036-7_98
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