Open Access
American Research Journal of Business and Management
ISSN (Online): 2379-1047
DOI: 10.46568/arjbm
Impact of COVID-19 to China and World Economy Development
1Hong Kong University of Science and Technology, China.
2International Business School, University of International Business and Economics, China.
Fang Jingxuan, Xiang Fang, “Impact of COVID-19 to China and World Economy Development”, American
Research Journal of Business and Management, Vol 8, no. 1, 2022, pp. 85-89.
Abstract
China has been growing rapidly over past 40 years. Whether China could keep relatively high speed sustained growth is
very important to the whole world. With COVID-19 happening, the uncertainty of its effect becomes bigger and bigger.
The paper analyzes the Gross Domestic Product (GDP) total amount situation of China as the second world economy
entity. As a developing fast growing country, China has its own characteristics and also has big gap to the first world
economy entity USA. With the rapid development of internet especially under COVID-19, the paper analyzes the change of
business model development. As a part of national strategies of China, internet is becoming one of most important tools
for both business increasing and marketing developing with its users fast growing. The impact of COVID-19 also plays an
important part.
