Economic Recovery from COVID-19: Experience from the People’s Republic of China
Publication | October 2021
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This brief summarizes the measures and policies that contributed to V-shaped economic recovery of the People’s Republic of China (PRC) in 2019–2021 from the coronavirus disease (COVID-19) pandemic.
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While effectively containing the pandemic nationwide, the measures brought the economy of the PRC to a standstill in early 2020. The rebound eventually was uneven as industry improved faster than services, household consumption dragged, and the economic recovery fell short of efforts to ensure a green recovery. Based on the experiences of the PRC, this brief provides valuable information for countries that are fighting the economic shock from the pandemic.
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