The Impact of COVID-19
on World Economy and China’s Role
Xu Xiujun
Abstract: Recent years have seen more countries to experience “three lows and three highs” problems. The pandemic triggered the exposure of these accumulated risks, leading to a slump in world economic growth. Given the developing trend of world economy amid the ongoing pandemic, the world may face a range of challenges for a long time to go, e.g. insufficient momentum for economic growth, increased resistance for market opening and rising debt risks. As the world economy suffers a major hit, China has been active in providing the international community with the assistance needed to combat the COVID-19 and recover the economy, while China’s economy itself has shown strong resilience and stability. In the long run, the pandemic will not change the sound momentum of China’s economic development; rather, it will provide an opportunity for China to play a significant role in the world economy.
Keywords: COVID-19; World economy; China’s economy
1. The COVID-19 Outbreak Deals a Heavy Blow to the World Economy
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2. The World Economy Is Faced with Multiple Challenges
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3. China Helps the International Community Combat COVID-19
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4. China Will Make Greater Contribution to World Economy
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(Xu Xiujun, “The Impact of COVID-19 on World Economy and China’s Role”, Belt and Road Initiative Tax Journal, Vol.1, No.1, 2020, pp.114-119.)