Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 58 , 20 November 2023
Open
Access | Article
The Impact of COVID-19 on China’s Quarterly Economy Growth Rate: Evidence from ARIMA Model
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Abstract
The COVID-19 pandemic unleashed unprecedented economic turmoil worldwide, with China, as its epicenter, experiencing profound repercussions. This study investigates the pandemic's impact on China's Gross Domestic Product (GDP) growth rate, considering macroeconomic, microeconomic, and societal dimensions. COVID-19 disrupted international trade, manufacturing, and supply chains, causing significant economic contractions. China's resilient response strategies, encompassing fiscal policies, digital transformation, and e-commerce promotion, played a pivotal role in stabilizing the economy. Utilizing ARIMA modeling and credible data from the National Bureau of Statistics of China, this research quantitatively assesses the pandemic's effects. It highlights the necessity for adaptable economic models that incorporate dynamic societal changes during crises. Policymakers can draw valuable insights from this study for crafting effective crisis response strategies, while investors can identify sector-specific opportunities in technology and related industries, influenced by shifts in consumer behavior. In summary, this study offers a comprehensive analysis of COVID-19's impact on the growth rate of China's GDP, providing a methodological framework, policy implications, and investment insights. As global economies recover from the pandemic's aftermath, these findings will continue to guide decision-makers in building resilient and adaptable economies for the future.
Keywords
growth rate, GDP, COVID-19
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-207-7
- ISBN (Online)
- 978-1-83558-208-4
- Published Date
- 20 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- Copyright
- 20 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited