Journal of Global Trade, Ethics and Law

Vol. 3 No. 2 (2025): Journal of Global Trade, Ethics and Law
Articles

Assessing the Impact of Covid-19 on the Chinese Economy: A Comprehensive Analysis

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Mario Arturo Ruiz Estrada
University of Economics and Human Sciences
Bio
Evangelos Koutronas
Westminster International University in Tashkent
Donghyun Park
The South East Asian Central Banks (SEACEN) Research and Training Centre
Bio
Minsoo Lee
Asian Development Bank
Bio
JGTEL

Published 2025-12-31

Keywords

  • Economic simulation,
  • Contagious disease,
  • China,
  • Trade,
  • Tourism,
  • Air Transportation,
  • Electricity consumption
    • ...More
    Less

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How to Cite

Ruiz Estrada, M. A., Koutronas, E., Park, D., & Lee, M. . (2025). Assessing the Impact of Covid-19 on the Chinese Economy: A Comprehensive Analysis. Journal of Global Trade, Ethics and Law, 3(2), 86-99. https://doi.org/10.70150/yaf3xg15

Abstract

This paper examines the macroeconomic impact of the COVID-19 shock on the Chinese economy through a multidimensional policy-modeling framework. The Massive Contagious Infectious Diseases Simulator (ECMCID-Simulator) employs macroeconomic indicators to examine how asymmetric infection dynamics propagate economic shocks across activity, labor, financial markets, investment flows, and aggregate output within strategic economic sectors during 2019–2021. The ECMCID-Simulator is constructed under the Omnia Mobilis assumption and interpreted through the Dynamic Imbalanced State framework. Key findings reveal pronounced heterogeneity in economic responses, with sharp contractions in contact-intensive activities alongside relative resilience in essential production systems. The ECMCID-Simulator conceptualizes pandemic-induced economic disruptions as dynamic economic waves rather than static shocks. The ECMCID-Simulator offers policy-relevant insights into the management of systemic economic risk and the design of targeted stabilization strategies under conditions of extreme uncertainty.

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