Factors of China’s International Competitiveness and the Sustainability of its Economy under the COVID-19 Pandemic (the Case Study for BRICS)

Russian Presidential Academy of National Economy and Public Administration, South Russia Institute of Management, Rostov-on-Don, Russia

^* Corresponding author: podolskayat@uriu.ranepa.ru

Abstract

The risks and large-scale losses faced by the international community during the COVID-19 pandemic led to a recession in 2020. In these circumstances, of particular interest is the experience of China, which was able to maintain positive economic growth rates, demonstrating a unique resilience to modern challenges. The main objective of the study presented here is a statistical and structural analysis of the factors that ensure China’s international competitiveness and the resilience of its economy in the face of the COVID-19 pandemic. The analysis is expected to show which key factors of China’s international competitiveness have made its economy resilient to the challenges of the COVID-19 pandemic. The authors also hope to identify which promising developments, similar to China’s, will enhance the international competitiveness of the BRICS countries.