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Publication . Part of book or chapter of book . 2020

China Gets Triple Hit by COVID-19

Shuquan He; Maria Elo; Xiaotian Zhang; Julia Zhang;
Closed Access
Published: 20 Dec 2020
Publisher: Routledge
Country: Denmark

This chapter argues that China has been triple hit by the COVID-19 pandemic as it has caused a major trade shock, an investment shock and a business environment shock. To date, the globalized economies are interconnected by international trade, which makes trade an important vehicle for international contagion. Globalization and economic shocks are underpinned by a variety of forces affecting economic and societal changes creating a domino effect in global production networks. The impact of the COVID-19 pandemic on China’s overseas investment is manifold. Chinese businesses are exposed to the changing international business environment as perceptions on China’s roles are shifting. The COVID-19 pandemic is changing the way business is conducted worldwide. As a result, Chinese companies are now confronted with a new international business environment that is moving away from globalization that had been creating opportunities for firms from emerging economies to grow their presence in global markets.

Subjects by Vocabulary

Microsoft Academic Graph classification: Business Production (economics) Emerging markets International business Variety (cybernetics) Shock (economics) Investment (macroeconomics) International trade business.industry China Globalization

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