Analyze the impact of the financial crisis in China since 2020 and evaluate the methods that the banking system can do to prevent this phenomenon.

Abstract

The COVID-19 pandemic of 2020 served as a trigger, causing economic development around the world to enter a state of stagnation or even regression. Massive unemployment occurred worldwide, supply and demand spiraled downward, individuals lost confidence in the future, many small and medium-sized enterprises went bankrupt, and China lost some of its advantages in export trade. Since the impact of the COVID-19 financial crisis is not yet over and the trigger is different from past crises, fewer scholars have studied this direction, which is a ksy focus of this thesis. This dissertation focuses on analyzing the impact of the financial crisis on China and identifying appropriate banking system solutions. For the impact, the research methodology of primary and secondary surveys was used, and the author interviewed experts in the financial industry and analyzed numerous indicators (including GDP growth rate, inflation rate, international trade, investment, per capita consumption, and the Gini coefficient) in the last ten years. The research results of many famous scholars were also referenced. In terms of solutions, the author refers to the solutions used by the world's major developed countries during the subprime crisis and the financial crisis in the United States and Europe, and derives the solutions that are most suitable for the financial crisis since 2020.