Suggestions on China's Financial Development based on the Actual Situation in the Late Epidemic Period


  • Guo Zhang
  • Chunxi Zhou
  • Qi Xie
  • Xiaoyu Cai
  • Guohai Zhang


Late Epidemic Period; Financial Development; Policy Suggestion.


The epidemic has led to a sharp decline in the global economy. The World Bank predicts that the global economic growth will reach 5.2% by 2020, which is the worst recession since World War II. The International Monetary Fund lowered its global growth forecast for 2020 from 1.0% to 4.9%, including 8.0% in the United States, 10.2% in the Eurozone and 4.5% in India. The economic recovery of major industrialized countries, Latin America and even Africa may take five to ten years. The US subprime mortgage crisis and European debt crisis in 2008-2009 have made many countries' economies not recover to the level of 2008 or 2013-2014 until 2018-2019. Latin American countries reflect that Latin America may face another lost decade.


Wang Qiao China's financial risk prevention and suggestions under the COVID-19 [J] Tax Research, 2020 (6): 5.

Li Tao Suggestions on domestic fiscal policy under the COVID-19 [J] Contemporary Accounting, 2021 (2): 2.

Feng Qiaobin, Han Bo The impact of the COVID-19 on China's financial economy and its countermeasures [J] Financial Research, 2020 (4): 7.

Xue Gang, Zhang Daoyuan, Minghai Rong "Near worry" and "foresight" of finance under the COVID-19 [J] China Finance, 2020 (7): 2.

Zhang Yaowen Reflections and Suggestions on the Role of Finance in China's "New Economic Normal" [J] China Financial Information, 2014.

Zhao Quanhou Financial situation and policy trend after the epidemic [J] China Science and Technology, 2020.

Bai Yanfeng, Yue Tong The impact of the COVID-19 on China's economy and fiscal policy response [J] Journal of Shandong University of Finance and Economics, 2020, 32 (6): 9.

Zhong Wei Analysis on the effectiveness and future strategy of China's fiscal policy for coordinated fight against epidemic and economic development [J] Financial Science, 2020 (12): 6.

Liu Anchang The impact of the "COVID-19" epidemic on China's economy and fiscal hedging policies - a comparative analysis under the "SARS" epidemic [J] Lanzhou Academic Journal, 2020 (4): 12.

Li Chaoli Research on the impact of the COVID-19 on China's financial economy [J] Economic perspective, 2020 (24): 2.




How to Cite

Zhang, G., Zhou, C., Xie, Q., Cai, X., & Zhang, G. (2022). Suggestions on China’s Financial Development based on the Actual Situation in the Late Epidemic Period. Frontiers in Humanities and Social Sciences, 2(11), 316–321. Retrieved from