Abstract
The study investigates the influence of the COVID-19 on the rate of R&D investment and foreign exchange development of China's most important emerging industry firms. From 2010 to 2020, data were collected from 26 locations across China, focusing on seven different types of critical creating companies. To analyze the data, we have applied Fourier Increased Unit Root Test, Granger causality assessments test, Pattern Assessment test, Poisson pseudo most excellent probability (PPML) approach, Wald test, and Regression analysis test. The results of the tests reveal a clear underlying association among COVID-19 relates Chinese exports and imports. COVID-19's instant effects on imports and exports lack working capital have been calculated, but the short-term, medium-to-long-term products are composite and unidentified. The article result main results are following: (i) The COVID-19 impacts the R&D investment is main industries like as high-end equipment industry, new materials industry, and new-era data innovation. (ii) The COVID-19 highly affects the imports and exports development network of Chinese strategic emerging industries which emphasizes cross-industry grouping features. The study provides the guidance to the future researchers to focus on COVID-19 affects on the strategic emerging industries of developed and underdeveloped countries to determine of foreign direct investment inflow and unemployment growth rates.JEL: G20, O10, O40
Highlights
The COVID-19 pandemic is affecting families, networks, and organizations worldwide; the episode of the COVID-19 pandemic is referred to as a “dark swan event” [1]
This study mainly focuses on the COVID-19 impacts on the growth rate of R&D investment Chinese strategic emerging industries as since last 5 years Chinese government especially focused on the innovative technologies in these seven strategic emerging industries to compete with the production and quality standards of products
The results reveal that compared to other factors, COVID-19 plays a more significant role in reducing R&D investment and international trade rate of strategic emerging economies in China
Summary
The COVID-19 pandemic is affecting families, networks, and organizations worldwide; the episode of the COVID-19 pandemic is referred to as a “dark swan event” [1]. The movement request was meeting with little success, with 90% of the world’s air armadas grounded
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