Page 165 - GHES-2-2

Global Health Econ Sustain An analysis of national economic resilience

Table 2. Indicators in industrial dimension
Indicators Description Data sources
Structure of the three The primary industry encompasses agriculture, forestry, animal husbandry, and NBSC
industries fisheries, excluding their auxiliary activities. The secondary industry comprises mining,
manufacturing (excluding repair of metal products, machinery, and equipment), as well
as the production and supply of electricity, heat, gas, and water, alongside construction, all
excluding auxiliary activities. The tertiary industry, primarily the service sector, includes
all other industries not classified under primary or secondary categories, excluding
international organizations. The above classification is according to the Three Industry
Division Regulations (2018 revised version) issued by NBSC.
Contribution of the Three The ratio of the added value of the three industries to the added value of GDP. The added NBSC
Industries to GDP growth value is calculated at constant price.
Added value and growth This paper examines the value added and growth rates of industries significantly CEI database
rate of some industries impacted by COVID-19, including: (1) Accommodation and catering; (2) transportation,
warehousing, and postal services; (3) manufacturing; (4) health and social work; (5)
information transmission, software, and IT services; (6) scientific research and
technological services.
Notes: (1) NBSC is short for National Bureau of Statistics of China (http://www.stats.gov.cn/); (2) CEI is short for China Economic Information
database (https://db.cei.cn); (3) the definitions of these indices are given in the Table A1 (Appendix).

Table 3. Indicators in financial dimension

Indicators Description Data sources
Money supply The quarterly growth rate of M0, M1, and M2 year-on-year Wind database
IBOR IBOR Eastmoney database
The profits of commercial banks (1) The profits of large state-owned commercial banks aggregate the earnings from the Finance sina
Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of
China, China Construction Bank, and Bank of Communication.
(2) The profits of joint-stock commercial banks combine the earnings from China
Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, China
Everbright Bank, Hua Xia Bank, China Minsheng Bank, China Industrial Bank,
and Ping An Bank.
NPL ratio The average NPL ratios of state-owned commercial bank, joint-stock commercial Qianzhan database
bank, foreign bank, city commercial banks, and rural commercial banks.
SCI Closing price of SCI. The SCI is composed of the prices of all the stocks listed on the Finance Netease
Shanghai Stock Exchange.
Bond issuance Three kinds of bonds: treasury bonds, corporate credit bonds, and local government CCDC database
bonds.
Exchange rate of Chinese Yuan The closing price of the US dollar against the Chinese Yuan at the end of each month Finance Sina
Notes: (1) the link of Wind database: www.wind.com.cn; (2) the link of Eastmoney database: www.data.eastmoney.com; (3) the link of Finance Sina:
www.finance.sina.com.cn; (4) the link of Qianzhan database: www.d.qianzhan.com; (5) the link of Finance Netease: www.money.163.com; (6) the
database of China Central Depository & Clearing Co., Ltd. (CCDC) on bonds: www.chinabond.com.cn; (7) the definitions of these indicators are given
in Table A1 (Appendix).
Abbreviations: SCI: Shanghai composite index; NPL: Non-performing loan; IBOR: 1-day Interbank Offered Rate.

supply shortages abroad. In addition, China boosted bankrupt due to serious epidemic and closure measures. In
exports through policies aimed at enhancing international April 2020, both two PMIs returned to the pre-epidemic
trade services and engaging in multilateral diplomacy. level, due to the resumption policy of work and production
5.1.2. Several indexes for economic development and as well as the effective control of the epidemic. It should be
prosperity in China noted that many fiscal policies in that period, such as delaying
the tax deadline, were designed mainly for enterprises with
Manufacturing PMI and non-manufacturing PMI decreased the aim to quickly bring the PMI back to the original level.
significantly in the most serious stage of the epidemic in
China (Figure 4). Most enterprises stopped production in The uncertainty brought by the epidemic caused a
February 2020, and many small and microenterprises went significant negative impact on consumers and economists’

Volume 2 Issue 2 (2024) 7 https://doi.org/10.36922/ghes.1842