What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms? *

Abstract

Given the enormous impact that the COVID-19 pandemic had on China's economy, helping companies to revitalize post-pandemic economic activities promptly is a priority for the whole society This necessitates the smooth circulation of production-factors among different economic entities, departments, and regions The pandemic's huge impact on the economy is evident in the severely hampered flow of these factors, including labor, materials, and capital Therefore, using data and digital technology, combined with a contact-free allocation of labor, capital, and materials, to accelerate the flow of production-factors is critical to the post-pandemic economy's restoration Such a policy can not only provide a short-term stimulus but also a momentum for China's mid- and long-term sustainable economic development