A Critical Comparison: Differences Between China and Germany's Pandemic Recovery

DOI

10.2991/978-94-6463-098-5_160How to use a DOI?

Keywords

China; Germany; economic policies; fiscal stimulus

Abstract

The COVID-19 epidemic has had a significant negative impact on the world economy of which export-oriented countries are particularly affected. Yet, the recovery speed of China’s economy is significantly faster compared to Germany. This paper aims to compare and analyze the tendency of economic recovery and relative policies in China and Germany respectively after the epidemic. Under the different political systems and different financial policies, these two countries had their own strategies for the impact of the epidemic and both have their benefits and deficiencies. Through detailed study, this essay will compare and analyze these differences and draw a conclusion. This paper finally found that certain government intervention is better for economic recovery in the beginning and policy implementation should take the long-term effect into consideration.

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  - Xiaodi Sun
PY  - 2022
DA  - 2022/12/27
TI  - A Critical Comparison: Differences Between China and Germany's Pandemic Recovery
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1408
EP  - 1416
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_160
DO  - 10.2991/978-94-6463-098-5_160
ID  - Sun2022
ER  -