Zhou Lingling | The Impact Effect of the COVID - 19 Pandemic on China's Participation in the Global

Recently, the 2020 Academic Symposium on International Trade Disputes and Globalization Restructuring, jointly organized by the Center for International Finance and Economics Research (CIFER) of the National Institute of Financial Research at Tsinghua University and the Center for Cross-border Digital Capital Research (IDC) of the Institute of Fintech at Tsinghua University, was held.2020 International Conference on US-China Trade Disputes and Reforms in GlobalizationThe meeting was successfully held online. Zhou Lingling, a postdoctoral researcher at the School of Public Policy and Management, Tsinghua University.Attended and shared his experiences with collaborators, including a lecturer from the School of Economics at Beijing Wuzi University.Zhang KeyuThe theme is "The impact of the COVID-19 pandemic on China's participation in global value chainsThe article.

Zhou Lingling

Zhou Lingling is a postdoctoral researcher at the School of Public Policy and Management, Tsinghua University. Her main research areas are global value chains, input-output models, and computable general equilibrium models. Her research results have been published in journals such as "Finance and Trade Economics" and "International Trade Issues," including 9 CSSCI journal articles, 1 CSCD journal article, and 1 core journal article. She also serves as a reviewer for journals such as "International Economic and Trade Exploration."

Zhou LinglingDuring the sharing session, the teacher mentioned their articles with collaborators.Focusing on the perspective of value-added trade, exploring newcrownThe impact of the pandemic on China's participation in global value chains.New Year of GengzicrownThe pandemic began to ravage humanity, and the entire human society faced unprecedented challenges.As the COVID-19 pandemic spreads globally, its impact on the global economy and financial markets has drawn widespread attention from all sectors of society.The fierce outbreak of the pandemic has led to widespread production disruptions, logistical obstacles, and weak demand around the world, highlighting the fragility of global value chains.The outbreak of COVID-19 dealt a severe blow to the world's supply capacity, greatly delayed the normal resumption of work for enterprises, seriously disrupted enterprise production and operation, and caused a shortage of production capacity in many industries, resulting in short-term disruptions in the upstream and downstream of the industrial chain.China plays the role of the "Jugnot" in the restructuring of global value chains, and the spread of the epidemic will inevitably severely impact the global price chain layout.The outbreak of the pandemic has accelerated the reallocation of global production factors such as capital and labor, leading to a shift in China's participation in the global production network and a displacement of China's production structure in the global value chain.Research has found that:（1Macroeconomic level:newcrownThe pandemic will have a significant impact on different economies around the world, especially on the United States, the European Union, and China;（2National level:The COVID-19 pandemic has had a certain inhibitory effect on China's participation in global value chains, while it has promoted the participation of the United States and the European Union in global value chains.（3Industry level:The COVID-19 pandemic has had a heterogeneous impact on the participation of different industries in the global value chain in my country, and the impact of the pandemic on simple value chain activities is greater than that on complex value chain activities.

Zhang Jialiang

Zhang Jialiang, an assistant researcher at the Center for International Finance and Economics Research (CIFER) at Tsinghua University, commented on Zhou Lingling's article, stating that this article...This is very interesting and detailed, and it is of great significance for China's participation in the global value chain under the impact of the COVID-19 pandemic. The article also summarizes and analyzes its content and points out three advantages. Three questions and suggestions are then raised: 1. How exactly is the policy shock defined? Could you elaborate? 2. Is the policy shock measured at the beginning of the pandemic? The later development of the pandemic in different countries has different dynamics, which may affect the overall impact throughout the year. 3. From the forward decomposition, the COVID-19 pandemic has had a strong impact on agriculture, mining, and manufacturing; from the backward decomposition, the COVID-19 pandemic has had a strong impact on manufacturing and services. Can the results of the forward and backward decompositions be further interpreted and policy recommendations made at the macro level?

Special Forum on the Economics of the PandemicParticipating guests and scholars