How Would the Zero-Covid Policy Impact the Chinese Transportation Industry?
Abstract
The world economic growth declined from 6.0 percent in 2021 to 3.2 percent in 2022. Global trade has shrunk by 8.9% since 2020 as well (world bank data). China adopted Zero-Covid policy during 2020-2022.The Chinese transportation industry have been impacted negatively. The three perspectives: administration cost of transportation industry, the offshoring of Chinese secondary industry, Chinese financial transportation have been affected seriously. So the online-administrative system, the development of cross transportation and the adjustment of the focus on transport capacity may be the solution to reduce the impact of Zero-Covid policy on the Chinese transportation industry.
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DOI: http://dx.doi.org/10.18686/fm.v8i5.10333
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