Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China

Research Article

Export Challenges for Chinese Companies in the Current Global Economic Crisis (COVID-19)

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  • @INPROCEEDINGS{10.4108/eai.18-11-2022.2327191,
        author={Jing  Huang and Elena  Egorycheva},
        title={Export Challenges for Chinese Companies in the Current Global Economic Crisis (COVID-19)},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2023},
        month={2},
        keywords={information technologies digitalization export pandemic coronavirus chinese companies foreign economic relations world economic crisis},
        doi={10.4108/eai.18-11-2022.2327191}
    }
    
  • Jing Huang
    Elena Egorycheva
    Year: 2023
    Export Challenges for Chinese Companies in the Current Global Economic Crisis (COVID-19)
    ICEMME
    EAI
    DOI: 10.4108/eai.18-11-2022.2327191
Jing Huang1,*, Elena Egorycheva1
  • 1: Department of National Economy, RUDN University
*Contact email: 1032208757@pfur.ru

Abstract

The coronavirus threat has activated a number of factors, each of which affects foreign economic operations in its own way. Against the background of a decline in business and consumer activity, foreign trade was under threat. Closed borders not only contain the spread of infection, but also stop freight flows. The population in such conditions has to seriously think about the possible shortage of food and other goods. For the economies of states and regions, this means a lack of money in the budget from export operations. Most Chinese companies in such conditions have begun to use digital tools and approaches - for example, telecommuting and online communication channels. During the crisis, large companies were able to demonstrate resilience and the ability to continue to innovate. Such leading companies get out of the crisis faster and are able to achieve higher financial results in the future. The introduction of digital solutions in the company will allow achieving a high degree of integration, which will speed up the ability to respond to external factors. The purpose of the study is to identify problematic export issues for Chinese companies during a pandemic.