Economic recovery in the early epicentre: the case of Hubei Province in China

Abstract

Taking Hubei as a typical case, this article reviews China’s response approaches and effectiveness during the entire epidemic period. In the short term, the government is able to effectively control the spread of the epidemic by adopting coercive measures, which is inevitably at the expense of production and consumption activities, thereafter bringing serious losses to the economy. However, the negative impact on the macro-economy is short-lived. In the long term, the economy can achieve rapid recovery, with precise policies on resuming work and production as the prerequisite.