Law and Political Economy of China’s Early Pandemic Response: Limited Economic Support and Insulation

Aleksandar Stojanović (), Wanshu Cong, An Zhai (), Yao Libo (), He Simeng (), Guo Dongcheng (), Xinyi Xu () and Huang Junyue ()
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Aleksandar Stojanović: New York University in Shanghai
Wanshu Cong: Hong Kong University School of Law
An Zhai: University College London
Yao Libo: Tsinghua University
He Simeng: Tsinghua Law School
Guo Dongcheng: China University of Political Science and Law
Xinyi Xu: China University of Political Science and Law
Huang Junyue: Georgetown University Law School

A chapter in The First 100 Days of Covid-19, 2023, pp 15-54 from Springer

Abstract: Abstract In this chapter we identify several significant aspects of the ongoing policy transformation in China. Firstly, combating the pandemic allowed for policy justification through a specific type of “state of war” narrative instead of referring to legal rules, which were unclear. It also led to a shift in the utilization of surveillance practices from a national, hierarchical and visible level, to a social, fluid, and less visible one. Moreover, unlike in the West, the least significant change has been observed in the domain of economic policy. Instead of a less discriminate liquidity supply approach taken in the West, China’s policy makers opted for a set of highly targeted fiscal, monetary and procurement measures in order to ensure the stability of the financial markets, relieve pressures on the real economy and secure employment. The measures were rolled out over a brief period of time (although not as large as in the EU or US) and were retracted significantly faster.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-6325-4_2

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DOI: 10.1007/978-981-19-6325-4_2

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