The novel coronavirus disease (COVID-19) outbreak has significantly affected many lives, as indicated by widespread lockdowns and restrictions. This study investigates the impact of COVID-19 on Chinese household consumption. It employs the China Household Finance Survey (CHFS) data and finds that there was a significant decline in household consumption during the outbreak period. Further heterogeneity analysis shows that the pandemic suppresses consumption in urban households; rural households are, however, less affected. Moreover, mobile payment promotes urban household consumption during the pandemic, while rural households remain unaffected.
CITATION STYLE
Liu, T., Pan, B., & Yin, Z. (2020). Pandemic, Mobile Payment, and Household Consumption: Micro-Evidence from China. Emerging Markets Finance and Trade, 56(10), 2378–2389. https://doi.org/10.1080/1540496X.2020.1788539
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