Assessing the Effects of COVID-19 on China's Economy and Foreign Trade Enterprises through a Sustainable Development Perspective
Zimin Lin
Zhejiang College of Security Technology (China)
Zi Ye
Zhejiang Institute of Economics and Trade (China)
Xiaohua Hou
houxh199778@163.comZhejiang College of Security Technology (China)
Fangbiao Liu
Wenzhou Medical University (China)
Sarita Gajbhiye Meshram
WRAM Research Lab Pvt. Ltd. (India)
Chao Chen
Shan Dong University of Finance and Economics (China)
Abstract
The COVID-19 epidemic has had a significant effect on China's economy and mainly on foreign trade enterprises. This virus has affected the social economy and business performance, becoming a primary test of governance aptitude and the national governance system. As a result, a neural network can be used to study and analyze the economic and social development during the COVID-19 epidemic. Good nonlinear forecasting can be achieved using neural network techniques since they overcome the limitations of traditional forecasting methods. Economic forecasts usually have great uncertainty and are affected by factors with complex relationships. However, using the B.P. network on economic forecasts can have a good forecasting effect. Economic analysis in the context of the new crown epidemic will provide more reference to future complex emergencies.
However, countermeasures have been established based on financial institutions, governments, and enterprises. These measures are formulated to cope with the challenges faced by foreign trade enterprises based on the scrutiny of international public emergencies. They include exploration of international cooperation, advancing the new open economy system, speeding up transformation and upgrading, and perfecting the public safety emergency system. Other measures include cooperatively promoting high-quality development of foreign trade enterprises, enabling internal capacities to improve management capabilities, and establishing an external environment based on environmental perfection of the rule of law and policy.
However, countermeasures have been established based on financial institutions, governments, and enterprises. These measures are formulated to cope with the challenges faced by foreign trade enterprises based on the scrutiny of international public emergencies. They include exploration of international cooperation, advancing the new open economy system, speeding up transformation and upgrading, and perfecting the public safety emergency system. Other measures include cooperatively promoting high-quality development of foreign trade enterprises, enabling internal capacities to improve management capabilities, and establishing an external environment based on environmental perfection of the rule of law and policy
Keywords:
COVID-19 Epidemic, business, socio-economic development, reverse supply chain, quarantine and urbanizationReferences
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Authors
Zimin LinZhejiang College of Security Technology China
Authors
Zi YeZhejiang Institute of Economics and Trade China
Authors
Fangbiao LiuWenzhou Medical University China
Authors
Sarita Gajbhiye MeshramWRAM Research Lab Pvt. Ltd. India
Authors
Chao ChenShan Dong University of Finance and Economics China
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