Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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.220307.484How 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.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
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
10.2991/aebmr.k.220307.484
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.484How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

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  -