Beijing Review

Short-Term Impact

The author is acting dean of the Digital Economy Institute at Zhongnan University of Economics and Law

As the outbreak of the novel coronavirus pneumonia is brought under control, China’s economic activity will recover to normal levels, notwithstanding that it has been severely affected in the short run, especially after the World Health Organization (WHO) declared it a public health emergency of international concern on January 31.

In the meantime, against the current cyclical fluctuation and economic downturn, China should intensify counter-cyclical

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