Francesco Macheda

Department of Social Sciences, Bifröst University, Borgarnes, Iceland

ABSTRACT

China’s effectiveness in quickly solving the health crisis caused by the coronavirus pandemic and in softening its economic impact is rooted in the structural characteristics of its development model, in which state-owned enterprises remain crucial. This article holds that a strong public presence within the industrial and banking sectors has provided Chinese government with the opportunity to rapidly reactivate domestic production and, potentially, to maximise the effectiveness of the recently launched monetary and fiscal policy measures.

KEYWORDS

China; COVID economic impact; state-owned enterprises; fiscal and monetary policy

From: International Critical Thought 2020 10 (4)

Editor: Wang Yi