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AN EXAMINATION ON THE EFFECTS OF THE COVID-19 GLOBAL PANDEMIC ON THE CHINESE ECONOMY

Year 2021, Volume: 11 Issue: 2, 264 - 281, 31.12.2021

Serdar Öztürk , Seher Suluk

Abstract

China is one of the most important actors of the world economy today. Therefore, it can be said that the rise and decline of the fluctuations in the Chinese economy has a major impact on the world economy. In this context, with the emergence of the global epidemic named COVID-19 in Wuhan city of China and its rapid spread to the world has disrupted both the Chinese economy and the world economy as well as its alarming effects on human life. Besides, the great economic effects of the pandemic have become more evident day by day, with people staying at home, closing most of the workplaces, canceling flights and closing the borders of countries. Due to the spread of the virus, it is seen that China’s GDP, foreign direct investment and trade declined in the first two months of 2020 and similar effect were experienced in other countries. In this context, the aim of this study is to examine the effects of the COVID-19 global epidemic on the Chinese economy.

Keywords

COVID-19 Pandemic Chinese Economy

References

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COVID-19 KÜRESEL SALGINININ ÇİN EKONOMİSİNE ETKİLERİ ÜZERİNE BİR İNCELEME

Year 2021, Volume: 11 Issue: 2, 264 - 281, 31.12.2021

Serdar Öztürk , Seher Suluk

Abstract

Çin, günümüzde dünya ekonomisinin en önemli aktörlerinden birisidir. Bu nedenle, Çin ekonomisinde ortaya çıkan dalgalanmaların iniş ve çıkışların dünya ekonomisi üzerinde büyük etkiye sahip olduğu söylenebilir. Bu çerçevede, Çin’in Wuhan şehrinde COVID-19 adlı küresel salgınının ortaya çıkması ve dünyaya hızla yayılmasıyla, insan hayatı üzerinde endişe verici etkilerinin yanı sıra hem Çin ekonomisini hem de dünya ekonomisini sekteye uğratmıştır. Ayrıca insanların evde kapalı kalması, işyerlerinin büyük bir kısmının kapatılması, uçuşların iptal edilmesi ve ülkelerin sınırlarını kapatması ile pandeminin büyük ekonomik etkileri gün geçtikçe daha da belirginleşmeye başlamıştır. Virüsün yayılması nedeniyle 2020 yılının ilk iki ayında Çin’in GSYH’sinde, doğrudan yabancı yatırımlarında ve ticaretinde düşüşlerin ortaya çıktığı ve diğer ülkelerde de benzer etkilerin yaşandığı görülmektedir. Bu bağlamda, bu çalışmanın amacı, COVID-19 küresel salgınının Çin ekonomisine etkilerini incelemektir.

Keywords

COVID-19 Pandemi Çin Ekonomisi

References

  • ADB. (2020). The Economic Impact of the COVID-19 Outbreak on Developing Asia. ADB BRIEFS NO. 128.
  • Albulescu, C. (2020). Do COVID-19 and Crude Oil Prices Drive the US Economic Policy Uncertainty? hal-02509450.
  • Angresano, J. (2008). The State of China’s Economy 2009. Real-world Economics Review, Issue no. 48, 335-350.
  • Aydın, İ. & Dülek, B. (2020). COVİD-19 Pandemisinin Pazarlama Faaliyetleri Üzerindeki Etkileri, Akdeniz Zirvesi 3. Uluslararası Sosyal Bilimler Kongresi, 17-18 Ekim 2020, Girne.
  • Baldwin, R. & Mauro, B. W. (editors). (2020). Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes. London: CEPR Press.
  • Bofinger, P., Dullien, S., Felbermayr, G., Fuest, C., Hüther, M., Südekum, J. & Weder di Mauro, B. (2020). Economic Implications of the COVID-19 Crisis for Germany and Economic Policy Measures. Mitigating the COVID Economic Crisis: Act Fast and do Whatever It Takes (s. 167-177) içinde, London: CEPR Press.
  • Boone, L. (2020). Tackling the Fallout from COVID-19. Economics in the Time of COVID-19 (s. 37-44) içinde, London: CEPR Press.
  • Burki, T. (2020). China’s Successful Control of COVID-19, Newsdesk, 20.
  • Cheng, L. K., & Ma, Z. (2007). China’s Outward FDI: Past and Future. SERUC Working Paper no. 200706001E.
  • Congressional Research Service (CRS). (2019). China’s Economic Rise: History, Trends, Challenges, and Implications for the United States.
  • Congressional Research Service (CRS). (2020). Global Economic Effects of COVID-19.
  • Demertzis, M., Sapir, A., Tagliapietra, S. & Wolff, G. B. (2020). An Effective Economic Response to the Coronavirus in Europe. Policy Contribution, Issue no. 6, 1-10.
  • Eğilmez, M. http://www.mahfiegilmez.com/2020/03/ekonomik-daralmay-minimum-duzeyde.html. 5 Nisan 2020 tarihinde alındı.
  • Eğilmez, M. http://www.mahfiegilmez.com/2020/04/gelir-harcama-zinciri-koparsa.html. 5 Nisan 2020 tarihinde alındı.
  • Eğilmez, M. http://www.mahfiegilmez.com/2020/04/kuresel-ticaret-ve-buyume-cokuyor.html#more. 10 Nisan 2020 tarihinde alındı.
  • Elgin, C., Basbug, G. & Yalaman, A. (2020). Economic Policy Responses to a Pandemic: Developing the COVID-19 Economic Stimulus Index. Centre for Economic Policy Research, 1-14.
  • European Central Bank (ECB). (2018). The Transition of China to Sustainable Growth – Implications for the Global Economy and the Euro Area. Occasional Paper Series, No. 206.
  • European Centre for Disease Prevention and Control (ECDC). (2020). Coronavirus Disease 2019 (COVID-19) and Supply of Substances of Human Origin in the EU/EEA. Stockholm.
  • European Commission. (2020). Temporary Framework for State Aid Measures to Support the Economy in the Current COVID-19 Outbreak. Brussels.
  • Evans, O. (2020). Socio-economic Impacts of Novel Coronavirus: The Policy Solutions. BizEcons Quarterly, Volume 7, 3-12.
  • Fornaro, L. & Wolf, M. (2020). Covid-19 Coronavirus and Macroeconomic Policy: Some Analytical Notes. 1-8.
  • Gralinski, L. E. & Menachery, V. D. (2020). Return of the Coronavirus: 2019-nCoV. Viruses, 12(2), 1-8.
  • ILO. (2020). China – Rapid Assessment of the Impact of COVID-19 on Employment.
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  • Lucchese, M. & Pianta, M. (2020). The Coming Coronavirus Crisis: What Can We Learn? Coronavirus Crisis, 98-104.
  • Mahmud, S. (2020). Impact of Corona Virus on the Global Economy.
  • McKibbon, W. & Fernando, R. (2020). The Global Macroeconomic Impacts of COVID-19: Seven Scenarios. CAMA Working Paper No. 19/2020.
  • Nguyen, T., Bang, D. D. & Wolff, A. (2020). 2019 Novel Coronavirus Disease (COVID-19): Paving the Road for Rapid Detection and Point-of-Care Diagnostics. Micromachines, 11, 306, 1-7.
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  • Pedersen, G. W. (2003). China's Role in the Global Economy. Monetary Review, 61-76.
  • Porta, A. (editor.). (2008). A Dictionary of Epidemiology. Oxford University Press.
  • Qian, Y. (2000). The Institutional Foundations of Market Transition in the People’s Republic of China. ADB Institute Working Paper 9.
  • Ramelli, S. & Wagner, A. F. (2020). Feverish Stock Price Reactions to COVID-19. Swiss Finance Institute Research Paper Series, No. 20-12.
  • Rumbaugh, T. & Blancher, N. (2004). China: International Trade and WTO Accession. IMF Working Paper.
  • Sørensen, A. (2017). Kinas Store Omstilling: Nu Skal Forbrugerne Trække Væksten. DI Indsigt.
  • Sundhedsstyrelsen. (2020). COVID-19 i Danmark. København S.
  • Sznajderska, A. (2017). The Role of China in the World Economy: Evidence from Global VAR Model. Warsaw: NBP Working Paper No. 270, Economic Research Department.
  • Timurtaş, M. E. (2018). Çin Halk Cumhuriyetinin Ekonomik ve Siyasi Geçmişinin Bugünkü Gelişim Sürecindeki Rolü, Sakarya İktisat Dergisi,7(1), 52-69.
  • UNCTAD. (2019). World Investment Report 2019. Geneva: United Nations.
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  • World Bank. http://wdi.worldbank.org/. 5 Şubat 2021 tarihinde alındı.
  • World Bank. https://www.worldbank.org/en/country/china/overview. 5 Şubat 2021 tarihinde alındı.
  • World Bank. (2020). The Economy in the Time of Covid-19. Semiannual Report of the Latin America and Caribbean Region.
  • World Bank Group. (2019). China Economic Update May 2019.
  • World Health Organization (WHO). (2020). Mental Health and Psychosocial Considerations during the COVID-19 Outbreak.
  • Yang, Y. (2003). China’s Integration into the World Economy: Implications for Developing Countries. International Monetary Fund.
  • Yao, A. (2020). Coronavirus: First Thoughts on the Potential Economic Impact on China. Research & Strategy Insights, 1-5.
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  • https://tradingeconomics.com/china/foreign-direct-investment. 5 Şubat 2021 tarihinde alındı.
  • https://tradingeconomics.com/china/inflation-cpi. 24 Nisan 2021 tarihinde alındı.
  • https://tradingeconomics.com/china/unemployment-rate. 24 Nisan 2021 tarihinde alındı.
  • https://varldenshistoria.se/vetenskap/medicin/pandemi-historiens-storsta-skrack. 15 Nisan 2020 tarihinde alındı.
  • https://www.bbc.com/turkce/haberler-dunya-51297385. 14 Nisan 2020 tarihinde alındı.
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  • https://www.statista.com/chart/21135/production-and-sales-losses-in-china/. 15 Haziran 2020 tarihinde alındı.
  • https://www.statista.com/statistics/1103215/apac-covid-19-impact-on-economic-growth-by-country/. 28 Mart 2020 tarihinde alındı.
  • https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/. 10 Nisan 2020 tarihinde alındı.
  • https://www.worldometers.info/coronavirus/. 5 Şubat 2021 tarihinde alındı.
  • https://www2.deloitte.com/us/en/insights/economy/covid-19/economic-impact-covid-19.html. 29 Eylül 2020 tarihinde alındı.
  • https://www.worldbank.org/en/news/press-release/2021/01/05/global-economy-to-expand-by-4-percent-in-2021-vaccine-deployment-and-investment-key-to-sustaining-the-recovery. 5 Şubat 2021 tarihinde alındı.
There are 68 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Serdar Öztürk 0000-0003-0650-0244

Seher Suluk 0000-0002-3253-1098

Publication Date December 31, 2021
Published in Issue Year 2021 Volume: 11 Issue: 2

Cite

APA Öztürk, S., & Suluk, S. (2021). COVID-19 KÜRESEL SALGINININ ÇİN EKONOMİSİNE ETKİLERİ ÜZERİNE BİR İNCELEME. Düzce Üniversitesi Sosyal Bilimler Dergisi, 11(2), 264-281.
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