Il ruolo delle imprese a conduzione statale nella lotta della Cina contro il COVID-19 (The role of State-Owned Enterprises in China's fight against the coronavirus disease)

Francesco Macheda (f.macheda@bifrost.is)
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Francesco Macheda: Bifrost University, Islanda

Moneta e Credito, 2020, vol. 73, issue 290, 111-139

Abstract: L'efficacia mostrata dalla Cina nel risolvere velocemente la crisi sanitaria causata dall'esplosione del COVID-19, e minimizzarne l'impatto economico, affonda le sue radici nelle caratteristiche strutturali del suo modello di sviluppo, in cui le imprese a conduzione statale giocano tutt'oggi un ruolo cruciale. L'idea suggerita è che la forte presenza pubblica all'interno del settore bancario e industriale abbia offerto ai decisori politici cinesi l'opportunità di riattivare rapidamente la filiera produttiva domestica e, potenzialmente, massimizzare l'efficacia degli stimoli fiscali e monetari varati recentemente. China's effectiveness in rapidly solving the health crisis caused by the COVID-19 and in minimizing its economic impact is deeply rooted in the structural features of its development model, in which State-owned enterprises remain crucial. The present article argues that a strong public presence within the banking and the industrial sectors has provided Chinese policymakers with the opportunity to quickly reactivate domestic production and, potentially, to maximise the effectiveness of the recently launched fiscal and monetary stimuli.

Keywords: China; COVID economic impact; State-owned enterprises (search for similar items in EconPapers)
JEL-codes: E65 P26 P31 (search for similar items in EconPapers)
Date: 2020
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