The Economic Development Study of Northeast China During the Pandemic of Covid-19

Mengqi Gong; Shuang Wang

doi:10.2991/aebmr.k.220307.484

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The Economic Development Study of Northeast China During the Pandemic of Covid-19

Authors

Mengqi Gong¹^{, †}^{, *}, Shuang Wang²^{, †}

¹Economics Department, University of York, Heslington York YO10 5DD, UK

²Adam Smith Business School, University of Glasgow, Glasgow G12 8QQ, UK

^†

These authors contributed equally

^*Corresponding author. Email: guanghua.ren@gecacademy.cn

Corresponding Author

Mengqi Gong

Available Online 26 March 2022.

DOI: 10.2991/aebmr.k.220307.484 How to use a DOI?
Keywords: COVID-19; development study; northeast China; economics after COVID-19
Abstract: This article focuses on northeast China’s economic development and explores the region’s economic developments one by one from a historical viewpoint. To begin, the development of northeast China is examined through three historical stages: the modern period before the founding of New China, which was dominated by industrial development; the planned economy system period after the founding of New China, during which the planned economy became the “leader” of the Republican economy; and the reform and opening-up period, during which the economy was in decline due to the transformation of the economic system and adjustment of economic policy. Second, this essay discusses industrial transformation and upgrading in northeast China. The paper examines the development emphasis of industrial transformation, moving from secondary to tertiary industries and steadily increasing the tertiary industry’s proportion of GDP. The paper also determined that state-owned firms should continue to reform in order to avoid a more significant brain drain and that private enterprises should be reinvigorated in order to foster entrepreneurial development. Finally, this report discusses Northeast China’s prospective growth following the outbreak. The tertiary industry in Northeast China was severely impacted by the outbreak. The frozen Silk Road, on the other hand, gave certain economic benefits to northeast China’s international commerce, which helped to soften the impact of the disease.
Open Access: This is an open access article under the CC BY-NC license.

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Volume Title: Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series: Advances in Economics, Business and Management Research
Publication Date: 26 March 2022
ISBN: 978-94-6239-554-1
ISSN: 2352-5428
DOI: 10.2991/aebmr.k.220307.484 How to use a DOI?
Open Access: This is an open access article under the CC BY-NC license.

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ris enw bib

TY  - CONF
AU  - Mengqi Gong
AU  - Shuang Wang
PY  - 2022
DA  - 2022/03/26
TI  - The Economic Development Study of Northeast China During the Pandemic of Covid-19
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2969
EP  - 2974
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.484
DO  - 10.2991/aebmr.k.220307.484
ID  - Gong2022
ER  -

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