Impact Of Covid-19 Crisis on The Economy in China

This particular paper intends to know the impact of covid-19 on the economy of China. Coronavirus was announced officially in China in the year 2020 by the world health organization. After an outbreak of a disease with pneumonia-like symptoms started taking lives in Wuhan, the capital of Hubei province in China. Various authorities and the world health organization imposed various measures to help curb the spread of the virus. These measures included lockdowns, self-isolation, and social distancing, which led to a ban of all social gatherings, travelling and closure of borders. The preventive measures imposed after that impacted the economy of China and the entire world. The study analyses the economic impact made by covid in the year 2020 during the first quarter of the year. Researchers by various economists and media show the negative impact the crisis caused in various arms and segments economy in China and the world at large. The study also analyses the policies and measures taken to revive the economy and consider the public in terms of health and employment. Also, the study analyses the long-term and short-term impacts of the pandemic on the economy.