DOES COVID-19 PANDEMIC IMPACT ON CHINA'S ECONOMY STRUCTURE AND SUSTAINABILITY OF DEEP ECONOMIC DETERMINANTS?

Hai Long, Wenwei Li
2021 International Journal of Economics and Financial Issues  
The outbreak of COVID-19 has impacted on the global economy since 2020. This paper employs regression models to investigate China's economy structure and sustainability of deep determinants, such as human capital, business environment. It finds that the central government likes to adjust China's economy structure to mitigate the impact of crucial crisis to remain economic sustainability. Additionally, COVID-19 like SARS has no impact on Chinese economic sustainability, because this pandemic is
more » ... e this pandemic is unable to effect economic deep determinants in the short run. Human capital accumulation is the significant deep factors, and COVID-19 epidemic has no impact on these long-run factors during a short period. It suggests further human capital including labor quantity and education is currently the most significant determinants for China's economy sustainability, followed by the upgrading business environment.
doi:10.32479/ijefi.11263 fatcat:hcqawfesanga3m2l7zczmg7fna