EFFECT OF THE GLOBAL COVID-19 PANDEMIC ON THE FUNCTIONING OF CHINA'S FINANCIAL MARKETS AS COMPONENTS OF THE GLOBAL FINANCIAL MARKET

UDC 339.7
DOI: 10.36871/2618-9976.2022.04.005

Authors

Derevianko B.A.
Master's Degree, Faculty of International Economic Relations, University of Glasgow, Adam Smith Business School, Financial University under the Government of the Russian Federation, Moscow, Russia

Abstract

As a result of the restrictive and stimulating measures imposed by the Chinese government, the national economy almost completely recovered in the second quarter of 2020. Nevertheless, some indicators indicate the possible instability of the situation and potential mediumand longterm effects on various aspects of China's economic life. At the moment, the country has been operating for more than two years under the conditions of the spread of the pandemic and strict comprehensive restrictive measures. The article describes the impact of the global pandemic and its economic consequences on the functioning of the financial market in China, its recovery after the global economic shock, and new trends in the development of various segments of the financial market in the postpandemic world.

Keywords

Pandemic, Coronavirus, Financial markets, China, Global markets