scholarly journals COVID-19 Pandemic on China’s Economy: Impacts and Suggestions

2020 ◽  
Vol 1 (1) ◽  
pp. 78-85
Author(s):  
Jing Feng ◽  
Wen-Chao Liao

COVID-19 has caused an uproar in China and around the world since the end of 2019. It is coming violently, and it has serious impacts on the Chinese economy since the time of the Chinese New Year. With the passage of time, in the spring of 2020, the new virus ravaged the world’s major economies; the world would fall into recession in 2020, and the financial markets had fluctuated sharply. “Taking back time and making up for the loss” is China’s general tone for promoting economic and social development in the context of the current epidemic (Chen, Dou, & Long, 2020). How to get rid of the adverse effects of the epidemic on the society and to promote better social development are topics of practical significance. We study the background of the epidemic which impact on China’s domestic and foreign economic, as well as the fluctuations in the world economy. We analyze various economic issues arising in the current context, investigate relevant data, apply the Mundell effective market classification principle for relevant analysis, and put forward reasonable suggestions accordingly.

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.


2022 ◽  
pp. 4-21
Author(s):  
Aleksei Vasilyevich Tebekin ◽  

The article presents the results of a comprehensive analysis of the key problems that prevent Russia from raising the rating in the world economy, affecting the problem of the Russian Federation joining the five largest economies in the world. When studying the problems of increasing Russia’s ranking in the world economy, based on data from the Humanitarian Portal, estimates were made of the relative (in world comparison) level of development of the Russian Federation in terms of demographic development, social development, institutional development, political development, economic development, scientific and technological development, communication development, reputation development, global development. A distinctive feature of the studies presented is the reliance not on the country’s rating itself in the international comparison system, but on the relative assessment of this rating, taking into account the total number of countries covered by the corresponding rating. The analysis of the relative ratings of the international competitiveness of the Russian Federation was carried out using the desirability function H. D. Harrington (also known as the universal verbal-numerical scale), which allows you to translate relative quantitative assessments into qualitative ones. Based on the analysis, it is shown that at present Russia does not have objective prerequisites for joining the fi ve largest economies in the world, since the Russian Federation does not have a very high level of assessment according to the Harrington method according to none of the groups of indicators of international competitiveness. Most of the assessment groups (level of demographic, social, institutional, economic and social development) have an average level. A number of assessment groups (the level of scientifi c and technical, reputation and global development) have an average level. And the group for assessing the level of political development has a low level. Analysis of the structure of «pain points» of international competitiveness of the Russian Federation, corresponding to a very low level on the Harrington universal verbal-digital scale, showed that most of them are associated with problems of social development (suicide rate, level of quality of life, level of alcohol consumption, number of prisoners, level of happiness), indicating an insuffi cient level of motivation of the population for development.


2019 ◽  
Vol 67 ◽  
pp. 06001 ◽  
Author(s):  
George Abuselidze ◽  
Olga Mohylevska ◽  
Nina Merezhko ◽  
Nadiia Reznik ◽  
Anna Slobodianyk

The article reveals the essence and features of the development of the stock market in Ukraine. It was established that the vigorous activity of countries in the world financial markets means that they also face a risk of global financial turmoil (the so-called “domino effect”). It is determined that the impact of global financial instability on the country depends on the openness of its economy that will lead to significant external “shocks”. The possibility of providing effective influence on domestic stock market activity with taking into account the changing world situation, development of perfect trading strategies for each participant is substantiated. The conducted analysis of the world market conditions of stock markets in recent years has made it possible to assess the real risks for new participants in the stock market and become the basis for the development of an appropriate effective trading strategy. The practical significance of the results is that they allow for a measurable approach to assessing the existing risk when choosing one or another trading strategy to move to the world stock market.


2014 ◽  
Vol 229 ◽  
pp. F2-F2

Following growth of 3.1 per cent in 2013, the world economy will grow by 3.5 per cent in 2014 and 3.7 per cent in 2015.The pace of recovery remains slow and uneven; much of the Euro Area in particular remains very depressed.Key risks include deflationary pressures in the Euro area; the Chinese financial system; and the conflicting pressures on monetary policy from very buoyant financial markets and relatively weak real activity.


Significance Trade activity has been sharply downgraded: five years ago, the Fund expected 5.6% trade volumes growth this year. Now it sees 1.1%, one-third of the pace it forecast in April. The dichotomy between the Fund describing the recovery as “precarious”, and nonetheless predicting strong or steady growth for 2020, suggests that it perhaps has more faith in the precariousness than in the 2020-21 estimates. Impacts Growth is slowing in 90% of the world economy; this will rise if emerging markets such as Turkey and Iran suffer a double-dip recession. Targeting 2% inflation is becoming inappropriate for the ECB, the Bank of Japan and even the US Fed; thus, monetary innovation is likely. Financial markets focus on tariffs and the chances of a US-China deal, but this is misleading as non-tariff barriers are much larger.


2010 ◽  
Vol 212 ◽  
pp. F2-F2

The world economy will expand by 3.9 per cent in 2010 and 3.8 per cent in 2011.World trade will increase by 9.6 per cent this year and 5.7 per cent in 2011.The Chinese economy will grow by 9.8 per cent in 2010 and 9 per cent next year.Japanese GDP will expand by 2 per cent this year and 1.5 per cent in 2011.The US economy will grow by 2.9 per cent in 2010 and 2.7 per cent next year.The Euro Area will expand by 1.2 per cent this year and 1.8 per cent in 2011.


2021 ◽  
Vol 7 (1) ◽  
pp. 53-75
Author(s):  
Gema Orihuel Bañuls

The pandemic caused by the SARS-Cov-2 (Covid-19) virus has triggered a worldwide impact on the economy that has been firstly reflected in the financial markets‘ performance. As a consequence of this global health emergency, the world economy is going to deal with its greatest threat since the 2008 Financial Crisis. However, the collapse and recovery of countries and industries are likely to be divergent. This paper aims to provide a global picture of different stock exchange indexes’ progress, including SP 500, Eurostoxx 50, IBEX 35 and CSI 300. In addition, components‘ performance of the Eurostoxx 50 have been analyzed in order to gather more specific information regarding the Covid-19 impact in different industries. Results have revealed that recovery in some of the stock markets are due to large corporation’s resilience and some winning sectors. As a result, the economic recovery is taking the form of a "K".


Author(s):  
Marcos Costa Lima

This work present two main objectives: the first one, in addition to show the new centrality that Asia region represents today for the world economy, discusses the impacts of China's slowdown after 2013 for Asean countries and how the Chinese economy has been restructuring with its back to normal. The second objective indicates the main challenges that China faces today and analyzes whether China's expectations are maintained as a future systemic center in global geopolitics.  


The report “Russia and the World: 2021. Annual Forecast: Economy and Foreign Policy” continues the series of yearly publications of the Primakov National Research Institute of World Economy and International Relations (IMEMO) and Foundation for Prospective Studies and Initiatives. It consists of two parts: “Economy” and “Foreign Policy”. Part I focuses upon Russian foreign trade-economic relations and analysis and forecast of the world (Russia, Europe, the USA, Japan, India) economic trends in 2020-2021, including international financial markets and main Russian export markets. The report is based on the decades long IMEMO experience in forecast research. Part II presents the forecast of international relations for 2021, it analyzes main challenges for Russia and options to respond them.


2008 ◽  
Vol 7 (2) ◽  
pp. 1
Author(s):  
B. Syed Fazlul Huq

This paper draws on "China and India: Macroeconomic prospects and problems." China and India had similar development strategies prior to their breaking out of their deliberate insulation from the world economy and the ushering in of market-oriented economic reforms and liberalization. China began reforming its closed, centrally planned, non-market economy in 1978. India always had a large private sector and functioning markets, which were subject to rigid, state control until the hesitant and piecemeal reforms of the 1980s. These became systemic and far broader after India experienced a severe macroeconomic crisis in 1991. The political environment under which reforms were initiated and implemented in the two countries and their consequences were very different. India continues to be an open, participatory, multiparty democracy, while China has an authoritarian, one party regime, though it is liberalizing policies. China and India have a lot to gain, both from trading with each other and cooperating in the WTO. Each can learn from the other's policies, their successes and failures. This paper discusses a subset of economic issues common to both countries without touching on others, such as privatization of SOEs, reforms of the labour market (e.g., dealing with the "hokou" system in China and labour laws in India), financial sector reforms and, above all, political reforms. Although it may sound chauvinistic and naive, there is no doubt that China can learn a lot from the functioning of a vibrant, but somewhat chaotic, multiparty participatory democracy in India. After all, as the Chinese become richer and economically free, they are likely to demand personal and political freedoms. Hopefully, the Communist Party of China will anticipate and accommodate such demands, as it seems to have started doing already.


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