China's Economic Strategy and Experience in Responding to the COVID-19 Pandemic
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Yuye Yan, Jingwei Liu
From 2020 on, the world’s economy was severely damaged by the Covid-19(Corona Virus Disease 2019)Pandemic. Countries have taken various measures to stimulate the economy. Among these countries, China was the most successful one. China launch an economy strategy of a dual-circulation national strategy based on domestic and international situation. The domestic cycle pays a leading role while international economic cycle remains its extension and supplement. On the domestic level, the dual reform on the supply and demand side leads to the formation of a more efficient dynamic balance. On the international level, China continue insisting on open up firmly, promoting globalization, regionalization and "Belt and Road" initiative, and striving to build a community of global development. This dual-circulation national strategy comes out good outcomes soon. China leads in resuming work and production, and its economy was the first to resume growth. China plays an engine role in the recovery of world economy. The economic miracle made by the Chinese Communist Party (CPC) was the resultant force of the advantages compound of political party, scientific management, and the system of socialism with Chinese characteristics.
Covid-19 Pandemic, China, Economic strategy, Experience