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The Impact of COVID-19 on Business Investment and Countermeasures of the Enterprises in China

In: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

Author

Listed:
  • Zihan Shao

    (Beijing Institute of Technology)

Abstract

Under the current situation where COVID-19 cannot be completely eliminated, many industries have been seriously affected, such as the catering industry and the tourism industry. At the same time, under the impact of the epidemic, many emerging enterprises have also been set up. The theme of this paper is to study what positive and negative effects the COVID-19 epidemic has brought to enterprises in China, and what enterprises should do to avoid the negative effects and maximize the benefits. In conclusion, the epidemic slows down the development of most enterprises and reduces their profits. However, at the same time, the epidemic is also an opportunity for enterprises. During the epidemic, enterprises can help themselves survive the crisis by investing in online businesses and popular markets. Whether enterprises can seize the opportunity from this epidemic has become particularly important. Taking full advantage of the situation under the COVID-19 epidemic can be a critical factor for enterprise transformation.

Suggested Citation

  • Zihan Shao, 2023. "The Impact of COVID-19 on Business Investment and Countermeasures of the Enterprises in China," Advances in Economics, Business and Management Research, in: Hrushikesh Mallick & Gaikar Vilas B. & Ong Tze San (ed.), Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), pages 858-863, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_98
    DOI: 10.2991/978-94-6463-098-5_98
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