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Economic Policy

Journal of Strategic and Global Studies

Journal

2023

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Effect Of The Zero-Covid Policy On Chinese Fdi Inflows And Government’S Response: Has The Pandemic Led To Distinctive Paradigm Change In China’S Hypergrowth Approach To Development?, Nicolas Demeure, Brice Tseen Fu Lee Jul 2023

Effect Of The Zero-Covid Policy On Chinese Fdi Inflows And Government’S Response: Has The Pandemic Led To Distinctive Paradigm Change In China’S Hypergrowth Approach To Development?, Nicolas Demeure, Brice Tseen Fu Lee

Journal of Strategic and Global Studies

This study examines the effects of China's zero-covid policy on its economy and investigates whether the policy reflects a broader shift in the country's development paradigm. Employing a mixed-methods approach, we analyze key macroeconomic indicators, conduct case studies of strict lockdowns, perform textual analysis of official documents, and apply the concept of fragmented authoritarianism to explore the relationship between central and local governments. The findings indicate that while the zero-covid policy has had negative economic repercussions, China's response does not signify a major departure from its pre-pandemic development paradigm. The initial success of the policy in curbing the spread of …