![]() Notably, once the pandemic broke out in Wuhan, China, in early 2020, the Chinese government ordered an immediate lockdown in Hubei Province and restricted industrial activities after the Chinese New Year holiday. In almost all major countries around the world, 2020 saw a downturn in GDP, although China still achieved GDP growth of 2.3%, which is lower than before the outbreak of the pandemic. It has slowed economic growth and worsened employment prospects ( 1), and it may continue to impact the world ( 2). Finally, we extend the research conclusions and discuss their implication for health economics and the practice of fighting COVID-19.ĬOVID-19 has become one of the most severe global public health crises and has led to a serious economic crisis. Other robustness tests, including parallel trend and placebo tests, support the above conclusions. ![]() ![]() The sector heterogeneity test demonstrates that digital trade has enhanced the export recovery of sectors dealing in necessities for pandemic prevention. Heterogeneity tests on destination countries/regions reveal that digital trade has significantly promoted exports to countries/regions with different income levels, with a more significant effect on low-risk destinations than on high-risk destinations. Our empirical analysis reveals that the COVID-19 pandemic has inhibited China's export trade overall, digital trade has significantly promoted trade, and the supply mechanism has played a significant role in promoting the recovery of exports. Using a generalized difference-in-differences (DID) approach, we empirically investigate how this major global public health crisis and digital trade have influenced Chinese exports. The study takes the COVID-19 outbreak as a natural experiment and treats digital trade products as the treatment group. To answer this question, we study monthly data on Chinese exports to 40 countries/regions from January 2019 to June 2020 and covering 97 product categories. This development raises the question of whether digital technologies have helped Chinese exports recover quickly and even grow.
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