IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/88973.html
   My bibliography  Save this paper

How Has China’s Economy Performed under the COVID-19 Shock?

Author

Abstract

China’s economy was the first to be hit by the COVID-19 outbreak, the first to be locked down, and the first to begin an economic recovery. We examine the impact of the COVID-19 crisis on China’s GDP growth using a set of alternative growth indicators. Our analysis finds that China’s official GDP growth figures over the first three quarters of this year have been broadly in line with alternative indicators and that growth presently is staging a strong rebound and providing a boost to the global economy. However, this rebound faces potential headwinds in the forms of high levels of debt, declining return to capital accumulation, and a shrinking working-age population in China.

Suggested Citation

  • Hunter L. Clark & Jeffrey B. Dawson & Maxim L. Pinkovskiy, 2020. "How Has China’s Economy Performed under the COVID-19 Shock?," Liberty Street Economics 20201023, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:88973
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2020/10/how-has-chinas-economy-performed-under-the-covid-19-shock.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    China; COVID-19;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • F00 - International Economics - - General - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:88973. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.