Research on the Chinese economic development and government policy under Covid-19—Based on the economic policy implemented by Shanghai

Abstract

COVID-19, a novel Coronavirus SARS-CoV-2, has caused a grievous disturbance to society and global economies since the end of 2019 it was first found in China. For example, this research mainly focuses on the impacts COVID-19 has taken on the Chinese economy and the development of the Chinese economy as a developing country. Based on the financial loss from the resurgence of the Shanghai epidemic and the government’s actions to get rid of it (fiscal, monetary, and physical) after they first stopped the spread of the virus. This study also compares the epidemic prevention policy and citizens’ altitude toward COVID-19 between China and other countries to figure out why China can quickly recover from the COVID attack. This work is essential for those policymakers and investors in the world because of the growing influence of China. It is timely because most countries are still suffering from both physical and financial threats of COVID-19.