COVID-19 and Its Impact on China’s Economy

COVID-19 has caused catastrophic economic, social and psychological costs that have far-reaching implications on human welfare. This webinar examined the effects of COVID-19 on the economy of China, the first country hit by COVID-19 and the first major economy that is gradually re-opening.


  • Moderator and Commentator: Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus, Harvard University; Secretary of the Treasury for President Clinton; Director of the National Economic Council for President Obama.
  • Presenter: Martin Raiser, World Bank Country Director for China and Mongolia
  • Commentators:
    • Dwight Perkins, Harold Hitchings Burbank Research Professor of Political Economy, Harvard University
    • Yang Yao, Professor and Director at the China Center for Economic Research (CCER) and Dean of the National School of Development (NSD), Peking University.
  • Host: Winnie (Chi-Man) Yip, Professor of Global Health Policy and Economics in the Department of Global Health and Population, Harvard T.H. Chan School of Public Health; Director of the Harvard China Health Partnership; Acting Director of the Fairbank Center for Chinese Studies


This discussion referenced the World Bank’s most recent findings on the effects of COVID-19 on China’s economy. For highlights, or to download the full report, please visit the World Bank’s China Economic Update page.

Sponsored by the Fairbank Center for Chinese Studies, as the Fairbank Center Inaugural Director’s Seminar, and co-sponsored by the Harvard China Health Partnership as part of the ongoing series, China and Global Experience with COVID-19.


  • This event was not recorded, and operated under Chatham House Rules (neither the identity nor the affiliation of the speakers or participants may be cited in conjunction with any information gathered from this event).