The Impact and Implications of COVID-19 on China’s Service Trade

DOI

10.2991/assehr.k.201202.121How to use a DOI?

Keywords

COVID-19, Service of Trade, Resilience, Modes of Service Trade, China

Abstract

The trade in goods and services of countries around the world has been seriously affected by the outbreak of the Coronavirus(COVID-19). This paper aims to explore the differences in the impact of the COVID-19 epidemic on China’s trade in services and goods, as well as the impact of different service trade patterns. Using data from China’s Balance Of Payments from December 2019 to August 2020, it is found that China is more resilient in services trade than goods Trade, and the trade deficit in the transportation and tourism sectors has improved. The epidemic has brought losses to China’s cultural services, international contracting projects and other fields, but it has brought new opportunities in the areas of digital economy and trade, online office and distance education, and international service outsourcing. In addition, it was also found that the COVID-19 epidemic has different impacts on different modes of service trade. Relatively speaking, service trade mode 1 has a smaller impact, while service trade mode 2 to 4 will be directly adversely affected.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xinyu Hu
PY  - 2020
DA  - 2020/12/03
TI  - The Impact and Implications of COVID-19 on China’s Service Trade
BT  - Proceedings of the Second International Symposium on Management and Social Sciences (ISMSS 2020)
PB  - Atlantis Press
SP  - 228
EP  - 233
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201202.121
DO  - 10.2991/assehr.k.201202.121
ID  - Hu2020
ER  -