Research on the Influence of COVID-19 on the Fluctuation of China Household Electrical Appliances’ Index in the Context of Economic Globalization

DOI

10.2991/978-94-6463-016-9_33How to use a DOI?

Keywords

Economic globalization; COVID-19; Public Opinion Index; Model

Abstract

In order to deal effectively with the impact of the COVID-19 on China’s domestic appliance industry in the context of economic globalization, by analyzing the upstream copper futures index (CFI) and the downstream household appliance Futures Price Index (HAFPI) from January, 2020 to October 2021, the degree of response to the COVID-19, to consider how to steadily promote the high quality development of China’s domestic appliance industry. A new COVID-19 public opinion index (POI) was constructed, which was used as the proxy variable of the COVID-19 situation, and the VAR model was established based on the CFI and HAFPI. These COVID-19 in the home appliances industry chain at different points in the product price refers to the large fluctuations, each link price fluctuations are different. The price fluctuation of the upstream raw material link is the biggest, and the price index of the downstream consumption environment fluctuates little. The general impact of COVID-19 on the production link of China’s household appliances industry is great, but the impact on the consumption link is not obvious, mainly because the production enterprises bear the increase of the upstream raw material cost, which leads to the decrease of their profits. In view of the problems existing in each link of household electrical appliances industry chain under the epidemic situation, this paper puts forward some suggestions on strengthening the prevention and control of epidemic disease, industry support, Futures lock-in of raw material prices and the construction of Logistics System in.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jing-Xu Yang
AU  - Ling-Yu Hu
PY  - 2022
DA  - 2022/12/07
TI  - Research on the Influence of COVID-19 on the Fluctuation of China Household Electrical Appliances’ Index in the Context of Economic Globalization
BT  - Proceedings of the 2022 2nd International Conference on Public Management and Intelligent Society (PMIS 2022)
PB  - Atlantis Press
SP  - 313
EP  - 322
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-016-9_33
DO  - 10.2991/978-94-6463-016-9_33
ID  - Yang2022
ER  -