scholarly journals China's Economic Situation, Response and Prospect under the Epidemic Situation

2021 ◽  
Vol 13 ◽  
pp. 262-269
Author(s):  
Lan Guo

On the basis of the demand side and the supply side, the paper respectively analyzed how novel Coronavirus affected Chinese economy: the weak demand caused the demand curve to move to the left, equilibrium output decreased and equilibrium price decreased. Due to the reduction of labor costs, enterprises have the incentive to increase production capacity at the production end. However, when the price is lower than the average variable cost of enterprises, the number of bankruptcies in the society starts to increase. One of the immediate causes of the economic downturn caused by COVID-19, which led to GDP growth of -6.8% in the first quarter of 2020, is a lack of consumption. Therefore, it is suggested that the government can appropriately reduce consumption tax and issue consumption vouchers, to improve consumer confidence and increase output. The ARIMA model was used to predict economic growth for the next seven quarters.

2022 ◽  
Vol 6 (1) ◽  
pp. 21-33
Author(s):  
Sun Zhenyun Jia ◽  
◽  
Guanzhong Cao Wei ◽  
Lin Wu Yutang ◽  
◽  
...  

Construction industry is a significant contributor to the Chinese economy. The industry has more than 12 million employers with over 250 million employees and creates almost $1.9 trillion worth of structures yearly. Civil construction remains the main driver of growth in China. Basically, a task is developed to meet market demands or demands in a timely fashion. Different possibilities may be thought about in the conceptual drawing board, and also the technical and also financial feasibility of each alternative will be assessed and compared in order to select the very best feasible job. The construction industry in China is forecast to grow by 7.7% in 2021, driven by strong Y-o-Y growth in the first quarter, reflecting the comparison to the previous year's period when construction work was halted across most of the country. Thereafter, the construction industry is expected to record an average annual growth of 4.2% between 2022 and 2025. The industry's growth over the forecast period is expected to be driven by investments on new infrastructure, including investment in the areas of 5G networks, Artificial Intelligence, the Internet of Things, and data centers. According to the government-backed think tank, the China Electronic Information Industry Development, the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between 2020 and 2025. This study evaluated factors affecting construction sector performance: explanatory factor analysis evidence from China. From the literature reviewed, it was established that entering the Chinese construction market is still seen as exciting but difficult by many foreign contractors and consultants. The study found out that rising material and labor costs, labor woes, increased competition and shrinking profit margins were some of the challenges construction firms in Chin face. The study concludes that the implementation of construction safety laws and the rate of subcontracting are relevant factors affecting construction sector in China, while neither the extent of using temporary workers, nor the availability of resources, nor the level of per capita GDP has any effects. Keywords. Construction sector, safety performance, construction sector, labor costs, increased competition, shrinking profit margins


Author(s):  
Zainal Abidin ◽  
Bungati ◽  
Musadar

<p><strong><em>Feasibility and Perspective Analysis of Sagu Processing Development in South Sulawesi</em></strong><em>.</em><em> </em><em>Sago starch has an important role both as a staple food and a material for making various other processed food products. Sago processing can produce both wet sago and dried sago starch. The study was conducted to determine the feasibility of the sago processing business and its development perspective in Southeast Sulawesi. The study was conducted in South Konawe District in March - December 2017. Data were collected through field observations of the Biosagu Sejahtera Farmer Group in Matalamokula Village, North Moramo Sub District which has wet and dry sago production units. The data collected were the production capacity of wet sago and dry sago, the price of sago trees, the price of wet sago and dry sago, the production costs include labor costs, fuel costs, packaging costs as well as the costs of depreciation of tools and machinery. Data were analyzed using a profit equation. The results showed that the production of wet sago starch on a processing scale of 12 sago trees (1 production cycle) was feasible because it provided a profit of 7,314,000 IDR with Production-Break Even Point (PBEP) of 2,359 kg and Price BEP of 1,493 IDR and RCR value was 1.93. Likewise, dry sago production business was feasible with an RCR of 2.18; BEP from the production and price were 460 kg and 7,571 IDR respectively and provided profit of around 6,435,000 IDR. Thus the production of wet sago and dry sago can be alternative non-farm employment in rural areas. Perspective of sago processing in Southeast Sulawesi in the future is quite good due to the several supports such as availability of sago plantation area, the availability of human resources, the technology available as well as policies and regulations from the government. The demand for sago in the future will be influenced by the demand to substitute commodities that are still imported such as wheat and sugar as well as products that have a large domestic use, namely bioethanol. The development of sago in the future needs to respond to changes in demand by changing the management model with conventional management to modern technology.</em><em></em></p><p> </p><p>Tepung sagu memiliki peran penting baik sebagai bahan pangan pokok maupun sebagai bahan pembuatan berbagai produk olahan pangan lainnya. Pengolahan sagu dapat menghasilkan tepung sagu basah dan tepung sagu kering. Kajian dilakukan untuk mengetahui kelayakan usaha pengolahan sagu serta perspektif pengembangannya di Sulawesi Tenggara. Penelitian dilakukan di Kabupaten Konawe Selatan bulan Maret – Desember tahun 2017. Pengumpulan data dilakukan melalui observasi lapangan terhadap Kelompok Tani Biosagu Sejahtera Desa Matalamokula, Kecamatan Moramo Utara yang memiliki unit produksi sagu basah dan unit produksi sagu kering. Data yang dikumpulkan  adalah kapasitas produksi sagu basah dan sagu kering, harga pohon sagu, harga sagu basah dan sagu kering, biaya produksi meliputi biaya tenaga kerja, biaya bahan bakar, biaya kemasan serta biaya penyusutan alat dan mesin, analisis data dilakukan menggunakan persamaan keuntungan. Hasil penelitian menunjukkan bahwa usaha produksi tepung sagu basah pada skala pengolahan 12 pohon sagu (1 siklus produksi) layak diusahakan karena memberikan keuntungan sebesar Rp 7.314.000, dengan nilai Titik Impas Produksi (TIP) dan Titik Impas Harga (TIH) masing-masing 2.359 kg dan Rp 1.493 serta nilai RCR sebesar 1,93. Usaha produksi sagu kering layak dilakukan dengan nilai RCR sebesar 2,18; nilai TIP dan TIH masing-masing 460 kg dan Rp 7.571 serta memberikan keuntungan sebesar Rp 6.435.000. Usaha produksi sagu basah maupun sagu kering dapat menjadi alternatif lapangan kerja <em>non farm</em> di pedesaan. Perspektif pengolahan sagu di Sulawesi Tenggara ke depan cukup baik karena ditunjang ketersediaan areal pertanaman sagu cukup luas, ketersediaan sumberdaya manusia, teknologi hingga dukungan kebijakan dan regulasi. Permintaan sagu ke depan akan dihela oleh permintaan untuk mensubstitusi komoditas-komoditas yang selama ini masih diimpor seperti gandum dan gula maupun produk yang pemanfaatannya dalam negeri cukup besar yaitu bioetanol. Pengembangan sagu juga perlu merespon perubahan-perubahan permintaan tersebut dengan mengubah model pengelolaan dengan teknologi konvensional menjadi teknologi modern.</p>


Author(s):  
Bin Zhao

Background: With the worldwide spread of the novel coronavirus (COVID-19), the global economy has entered a cold winter, and the International Monetary Fund predicts that the global economy will shrink by about 3% in 2020. The outbreak of the epidemic has also caused heavy losses to the Chinese economy. In the first quarter of 2020, actual GDP fell sharply for the first time by 6.8% year-on-year for the first time. This is the first decline since record. Then, according to the data from the business survey in March, China's economy has improved compared with February, which shows that the economy has rebounded under the influence of policies. Judging from the current situation, although China has passed the peak period of the epidemic, affected by the high cases abroad, it can only be carried out slowly for the resumption of production. Enterprises, as micro-individuals under the macro economy, need to pass through analyzing the dynamic management of the enterprise to deepen the reform of the commercial system and stimulate the vitality of the enterprise. This will also provide data support for the government formulating relevant policies, which is conducive to the synergy of various policies and enhance the momentum of economic recovery. On the other hand, we choose tourism as our specific research object. Thus, we need to set different scenarios according to the development situation of the epidemic, evaluate the impact of the novel coronavirus epidemic on China's tourism industry, and discuss tourism development and opportunities in the post-epidemic era from the aspects of tourism's response to the epidemic and the development trend of the tourism after the epidemic [4].


With the worldwide spread of the novel coronavirus (COVID-19), the global economy has entered a cold winter, and the International Monetary Fund predicts that the global economy will shrink by about 3% in 2020. The outbreak of the epidemic has also caused heavy losses to the Chinese economy. In the first quarter of 2020, actual GDP fell sharply for the first time by 6.8% year-on-year for the first time. This is the first decline since record. Then, according to the data from the business survey in March, China's economy has improved compared with February, which shows that the economy has rebounded under the influence of policies. Judging from the current situation, although China has passed the peak period of the epidemic, affected by the high cases abroad, it can only be carried out slowly for the resumption of production. Enterprises, as microindividuals under the macro economy, need to pass through analyzing the dynamic management of the enterprise to deepen the reform of the commercial system and stimulate the vitality of the enterprise. This will also provide data support for the government formulating relevant policies, which is conducive to the synergy of various policies and enhance the momentum of economic recovery. On the other hand, we choose tourism as our specific research object. Thus, we need to set different scenarios according to the development situation of the epidemic, evaluate the impact of the novel coronavirus epidemic on China's tourism industry, and discuss tourism development and opportunities in the post-epidemic era from the aspects of tourism's response to the epidemic and the development trend of the tourism after the epidemic4.


2020 ◽  
Vol 11 (SPL1) ◽  
pp. 462-468
Author(s):  
Latika kothari ◽  
Sanskruti Wadatkar ◽  
Roshni Taori ◽  
Pavan Bajaj ◽  
Diksha Agrawal

Coronavirus disease 2019 (COVID-19) is a communicable infection caused by the novel coronavirus resulting in severe acute respiratory syndrome coronavirus 2 (SARS-CoV). It was recognized to be a health crisis for the general population of international concern on 30th January 2020 and conceded as a pandemic on 11th March 2020. India is taking various measures to fight this invisible enemy by adopting different strategies and policies. To stop the COVID-19 from spreading, the Home Affairs Ministry and the health ministry, of India, has issued the nCoV 19 guidelines on travel. Screening for COVID-19 by asking questions about any symptoms, recent travel history, and exposure. India has been trying to get testing kits available. The government of India has enforced various laws like the social distancing, Janata curfew, strict lockdowns, screening door to door to control the spread of novel coronavirus. In this pandemic, innovative medical treatments are being explored, and a proper vaccine is being hunted to deal with the situation. Infection control measures are necessary to prevent the virus from further spreading and to help control the current situation. Thus, this review illustrates and explains the criteria provided by the government of India to the awareness of the public to prevent the spread of COVID-19.


2020 ◽  
Vol 17 (12) ◽  
pp. 1458-1464
Author(s):  
Sweta Kamboj ◽  
Rohit Kamboj ◽  
Shikha Kamboj ◽  
Kumar Guarve ◽  
Rohit Dutt

Background: In the 1960s, the human coronavirus was designated, which is responsible for the upper respiratory tract disease in children. Back in 2003, mainly 5 new coronaviruses were recognized. This study directly pursues to govern knowledge, attitude and practice of viral and droplet infection isolation safeguard among the researchers during the outbreak of the COVID-19. Introduction: Coronavirus is a proteinaceous and infectious pathogen. It is an etiological agent of severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome (MERS). Coronavirus, appeared in China from the seafood and poultry market last year, which has spread in various countries, and has caused several deaths. Methods: The literature data has been taken from different search platforms like PubMed, Science Direct, Embase, Web of Science, who.int portal and complied. Results: Corona virology study will be more advanced and outstanding in recent years. COVID-19 epidemic is a threatening reminder not solely for one country but all over the universe. Conclusion: In this review article, we encapsulated the pathogenesis, geographical spread of coronavirus worldwide, also discussed the perspective of diagnosis, effective treatment, and primary recommendations by the World Health Organization, and guidelines of the government to slow down the impact of the virus are also optimistic, efficacious and obliging for the public health. However, it will take a prolonged time in the future to overcome this epidemic.


2020 ◽  
Author(s):  
Jeya Sutha M

UNSTRUCTURED COVID-19, the disease caused by a novel severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is a highly contagious disease. On January 30, 2020 the World Health Organization declared the outbreak as a Public Health Emergency of International Concern. As of July 25, 2020; 15,947,292 laboratory-confirmed and 642,814 deaths have been reported globally. India has reported 1,338,928 confirmed cases and 31,412 deaths till date. This paper presents different aspects of COVID-19, visualization of the spread of infection and presents the ARIMA model for forecasting the status of COVID-19 death cases in the next 50 days in order to take necessary precaution by the Government to save the people.


BMJ Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. e041516
Author(s):  
Wenchao Li ◽  
Jing Li ◽  
Junjian Yi

ObjectivesBetter understanding of the dynamics of the COVID-19 (2019 novel coronavirus disease) pandemic to curb its spread is now a global imperative. While travel restrictions and control measures have been shown to limit the spread of the disease, the effectiveness of the enforcement of those measures should depend on the strength of the government. Whether, and how, the government plays a role in fighting the disease, however, has not been investigated. Here, we show that government management capacities are critical to the containment of the disease.SettingWe conducted a statistical analysis based on cross-city comparisons within China. China has undergone almost the entire cycle of the anticoronavirus campaign, which allows us to trace the full dynamics of the outbreak, with homogeneity in standards for statistics recording.Primary and secondary outcome measuresOutcome measures include city-specific COVID-19 case incidence and recoveries in China.ResultsThe containment of COVID-19 depends on the effectiveness of the enforcement of control measures, which in turn depends on the local government’s management capacities. Specifically, government efficiency, capacity for law enforcement, and the transparency of laws and policies significantly reduce COVID-19 prevalence and increase the likelihood of recoveries. The organisation size of the government, which is not closely related to its capacity for management, has a limited role.


2021 ◽  
pp. 0734242X2110214
Author(s):  
Rahul Rajak ◽  
Ravi Kumar Mahto ◽  
Jitender Prasad ◽  
Aparajita Chattopadhyay

Considering the widespread transmission of Coronavirus disease (COVID-19) globally, India is also facing the same crisis. As India already has inadequate waste treatment facilities, and the sudden outbreak of the COVID-19 virus has led to significant growth of Bio-medical waste (BMW), consequently safe disposal of a large quantity of waste has become a more serious concern. This study provides a comprehensive assessment of BMW of India before and during the COVID-19 pandemic. Additionally, this article highlights the gaps in the implementation of BMW rules in India. This study uses various government and non-government organizations, reports and data specifically from the Central Pollution Control Board (CPCB). The finding of the study demonstrated that most of the States/Union Territories (UTs) of India are lacking in terms of COVID-19 waste management. India has generated over 32,996 mt of COVID-19 waste between June and December 2020. During this period, Maharashtra (789.99 mt/month) is highest average generator of COVID-19 waste, followed by Kerala (459.86 mt/month), Gujarat (434.87 mt/month), Tamil Nadu (427.23 mt/month), Uttar Pradesh (371.39 mt/month), Delhi (358.83 mt/month) and West Bengal (303.15 mt/month), and others respectively. We draw attention to the fact that many gaps were identified with compliance of BMW management rules. For example, out of all 35 States/UTs, health care facilitates (HCFs), only eight states received authorization as per BMW management rules. Moreover, the government strictly restricted the practice of deep burials; however, 23 States/UTs are still using the deep burial methods for BMW disposal. The present research suggests that those States/UTs generated on an average of 100 mt/month COVID-19 waste in the last 7 months (June–December 2020) should be considered as a high priority state. These states need special attention to implement BMW rules and should upgrade their BMW treatment capacity.


2010 ◽  
Vol 55 (03) ◽  
pp. 419-434 ◽  
Author(s):  
GREGORY C. CHOW

In 1979 the United States and China established normal diplomatic relations, allowing me to visit China and study the Chinese economy. After doing so for 30 years since and advising the government of Taiwan in the 1960s and the 1970s and the government of the People's Republic of China in the 1980s and the 1990s, this is an opportune moment for me to summarize the important lessons I have learned. The lessons will be summarized in four parts: on economic science, on formulating economic policy and providing economic advice, on the special characteristics of the Chinese economy and on the experience of China's economic reform. At the beginning, I should comment on the quality of Chinese official data on which almost all quantitative studies referred to in this article were based. Chow (2006) has presented the view that by and large the official data are useful and fairly accurate. The main justification is that every time I tested an economic hypothesis or estimated an economic relation using the official data the result confirmed the well-established economic theory. It would be a miracle if I had the power to make the Chinese official statisticians fabricate data to support my hypotheses. Even if I had had the power, most of the data had already been published for years before I conceived the ideas of the studies reported in this article.


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