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
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.
