The impact of China’s financial policy on economic resilience during the pandemic period

Abstract

The COVID-19 has impacted the social economy of various provinces in China to varying degrees. How to quickly restore the social economy has become the most concerned issue of the Party, the country and all sectors of society. This paper combines the entropy weight method and TOPSIS method-technique for order performance by similarity to ideal solution, taking the financial policy transmission mechanism as the theoretical basis, and selects the data of 29 provinces in China to obtain the contribution of finance in the socio-economic resilience under the pandemic situation. The empirical analysis results show that the weights of financial policy, pandemic situation and financial basis are different. It can be clearly seen from the weight data that the financial basis is crucial to the socio-economic resilience. Although the COVID-19 pandemic will cause huge losses to the whole society and will also seriously hinder the socio-economic recovery, the effective implementation of financial policies and the good trend of the pandemic situation have a significant promoting effect on the socio-economic recovery.