How China Managed the COVID-19 Pandemic

Wei Tian
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Wei Tian: School of Economics Peking University

Asian Economic Papers, 2021, vol. 20, issue 1, 75-101

Abstract: The COVID-19 pandemic has swept across China and the world, causing more than 30 million infections and incalculable damage. China was seriously damaged and threatened by the disease in the first quarter of 2020, but finally succeeded in halting its spread in a short period. This was achieved through quick and strong measures in self-protection, mobility control, resource allocation, professional health care, and disinfection, under the organization of the government and the cooperation of all the Chinese people. The measures that were taken to prevent the spread of COVID-19 proved to be efficient in fighting the outbreak in Beijing in June 2020. This paper reviews China's experience with COVID-19, the Chinese economy's performance during the pandemic, and the government's policies to protect lives, maintain markets, and promote the economy. The data show that strong monetary and fiscal policies accelerated the country's economic recovery. These policies, including tax reductions and credit support, targeting small- and medium-size enterprises (SMEs) and industries and regions that were severely damaged, have helped to create jobs and encourage production and investment.

Date: 2021
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