Macroeconomic Policy and Steady Growth in China: 2020 Dancing with Black Swan

This title examines China's macroeconomy in 2020, using the balance sheet approach and macro-financial linkage analysis, and is one of the first works to do so under the backdrop of the COVID-19 pandemic. The author is a renowned economist who has received prestigious awards for his work.

Format: Paperback / softback
Length: 302 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

Here is the rephrased text:
This title employs a comprehensive analysis of the trends within China's macroeconomy in 2020, utilizing the balance sheet approach and macro-financial linkage analysis. It stands as one of the pioneering works to examine China's macroeconomy in the context of the COVID-19 pandemic. Authored by Zhang Xiaojing, a renowned economist with numerous prestigious awards, including the Sun Yefang Financial Innovation Prize in 2015 and the Sun Yefang Economics Prize in 2005 and 2007, this title represents a recent contribution to the field.

The study delves into the intricate dynamics of China's economy, shedding light on its performance, challenges, and opportunities amidst the unprecedented disruptions caused by the COVID-19 pandemic. By employing a wide range of data and analytical techniques, the title provides a detailed account of the macroeconomic factors that influenced China's economic growth, inflation, and financial stability in 2020.

One of the key findings of the study is the significant impact of the pandemic on China's economy. The authors highlight the sharp decline in economic activity, the rise in unemployment, and the significant contraction in both domestic demand and exports. However, they also note the resilience and adaptability of China's economy, with government measures and policy interventions playing a crucial role in mitigating the economic fallout.

The title also explores the various macroeconomic policies implemented by the Chinese government in response to the pandemic. These policies include fiscal stimulus measures, liquidity injections, and targeted support for specific industries and sectors. The authors analyze the effectiveness of these policies in stimulating economic growth, reducing unemployment, and promoting financial stability.

Furthermore, the study examines the long-term implications of the COVID-19 pandemic on China's macroeconomy. The authors predict potential risks and challenges, such as the potential for economic scarring, the impact on China's global position, and the need for structural reforms to enhance the resilience of the economy. They also emphasize the importance of continued policy innovation and adaptation to ensure sustainable and inclusive growth in the post-pandemic era.

Overall, this title offers a valuable contribution to the literature on China's macroeconomy. It provides a comprehensive analysis of the trends and challenges faced by China in 2020, and offers insights into the policy responses and long-term implications of the pandemic. By examining the macroeconomic landscape through the lens of the COVID-19 pandemic, the study contributes to our understanding of China's economic development and its role in the global economy.

Weight: 585g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032033389