Analysis of Financial Policy for the Prevention and Control of COVID-19 in China

Li Liu; Jing Deng; Xue Yu

doi:doi:10.11648/j.sjph.20200806.15

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Analysis of Financial Policy for the Prevention and Control of COVID-19 in China

Li Liu, Jing Deng, Xue Yu

Published in Science Journal of Public Health (Volume 8, Issue 6)

Received: 25 November 2020 Accepted: 9 December 2020 Published: 22 December 2020

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Abstract

During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.

Published in	Science Journal of Public Health (Volume 8, Issue 6)
DOI	10.11648/j.sjph.20200806.15
Page(s)	181-186
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

COVID-19, Infectious Disease Prevention and Control, Financial Policy Analysis, China

References

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[5]	Sina Finance Comprehensive. Experience and Enlightenment of Public Health Emergency Management Fiscal Policy in the United States and Japan. Retrieved July 11, 2020, from http://finance.sina.com.cn/roll/2020-05-10/doc-iirczymk0786912.shtml.
[6]	Australian Government Economic Response to the Coronavirus. Retrieved July 16, 2020, from https://treasury.gov.au/coronavirus.
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[8]	Renzaho, A. M. N. (2020). The Need for the Right Socio-Economic and Cultural Fit in the COVID-19 Response in Sub-Saharan Africa: Examining Demographic, Economic Political, Health, and Socio-Cultural Differentials in COVID-19 Morbidity and Mortality. Int. J. Environ. Res. Public Health. 17 (10): 3445. doi: 10.3390/ijerph17103445.
[9]	The Peoples Republic of China. Notice on Further Doing a Good Job of Funds Guarantee for New Coronavirus Infection Pneumonia Prevention and Control. Retrieved July 11, 2020, from http://www.gov.cn/zhengce/zhengceku/2020-02/13/content_5478324.htm.
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[11]	The Peoples Republic of China. National financial institutions at all levels invested 116.9 billion yuan in epidemic prevention and control. Retrieved July 11, 2020, from http://www.gov.cn/xinwen/2020 03/15/content_5491446.htm.
[12]	Red Cross Society of China. Red Cross Society of China accepts the use of new coronavirus pneumonia to prevent and control social donations. Retrieved July 11, 2020, from https://www.redcross.org.cn/html/2020-03/68346.html.
[13]	CHEN C Y.(2018) Research on the Current Situation and Countermeasures of Chinese Government Public Health Expenditure.
[14]	WU Y J.(2004) Research on the Reform of Public Finance after SARS. China Health Economy. https://doi.org/10.3969/j.issn.1003-0743.2004.02.013.doi: CNKI:SUN:WEIJ.0.2004-02-012.
[15]	College of Big Data Application and Economics of Guizhou University of Finance and Economics. Big Data Application and Economics School "Epidemiological Prevention and Control and Local Economic Development" Perspective Series No. 4: Build a long-term financial security mechanism to respond to major public health emergencies. Retrieved July 15, 2020, from http://dsjyj.gufe.edu.cn/f/view-36-876.html.
[16]	Bai Y F, Li Y X. (2020). Research on the US Government's Fiscal and Taxation Policies in Response to Major Disasters. Fiscal Science (02): 5-16. https://doi:10.3969/j.issn.2096-1391.2020.02.001.
[17]	Wang Yu, Zhang Y L. (2020). Response to the Impact of COVID-19: Global Macro-economic Policy Adjustment and Its Enlightenment. Developmental Finance Research., 1-11. https://doi.org/10.16556/j.cnki.kfxjr.20200507.001.

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APA Style

Li Liu, Jing Deng, Xue Yu. (2020). Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Science Journal of Public Health, 8(6), 181-186. https://doi.org/10.11648/j.sjph.20200806.15

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ACS Style

Li Liu; Jing Deng; Xue Yu. Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Sci. J. Public Health 2020, 8(6), 181-186. doi: 10.11648/j.sjph.20200806.15

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AMA Style

Li Liu, Jing Deng, Xue Yu. Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Sci J Public Health. 2020;8(6):181-186. doi: 10.11648/j.sjph.20200806.15

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@article{10.11648/j.sjph.20200806.15,
  author = {Li Liu and Jing Deng and Xue Yu},
  title = {Analysis of Financial Policy for the Prevention and Control of COVID-19 in China},
  journal = {Science Journal of Public Health},
  volume = {8},
  number = {6},
  pages = {181-186},
  doi = {10.11648/j.sjph.20200806.15},
  url = {https://doi.org/10.11648/j.sjph.20200806.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20200806.15},
  abstract = {During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.},
 year = {2020}
}

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TY  - JOUR
T1  - Analysis of Financial Policy for the Prevention and Control of COVID-19 in China
AU  - Li Liu
AU  - Jing Deng
AU  - Xue Yu
Y1  - 2020/12/22
PY  - 2020
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DO  - 10.11648/j.sjph.20200806.15
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
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AB  - During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.
VL  - 8
IS  - 6
ER  -

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Author Information

Li Liu

School of Public Health and Management, Chongqing Medical University, Chongqing, China
Jing Deng

School of Public Health and Management, Chongqing Medical University, Chongqing, China
Xue Yu

School of Public Health and Management, Chongqing Medical University, Chongqing, China

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Plain Text BibTeX RIS

APA Style

Li Liu, Jing Deng, Xue Yu. (2020). Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Science Journal of Public Health, 8(6), 181-186. https://doi.org/10.11648/j.sjph.20200806.15

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ACS Style

Li Liu; Jing Deng; Xue Yu. Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Sci. J. Public Health 2020, 8(6), 181-186. doi: 10.11648/j.sjph.20200806.15

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AMA Style

Li Liu, Jing Deng, Xue Yu. Analysis of Financial Policy for the Prevention and Control of COVID-19 in China. Sci J Public Health. 2020;8(6):181-186. doi: 10.11648/j.sjph.20200806.15

Copy | Download

@article{10.11648/j.sjph.20200806.15,
  author = {Li Liu and Jing Deng and Xue Yu},
  title = {Analysis of Financial Policy for the Prevention and Control of COVID-19 in China},
  journal = {Science Journal of Public Health},
  volume = {8},
  number = {6},
  pages = {181-186},
  doi = {10.11648/j.sjph.20200806.15},
  url = {https://doi.org/10.11648/j.sjph.20200806.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20200806.15},
  abstract = {During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.},
 year = {2020}
}

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TY  - JOUR
T1  - Analysis of Financial Policy for the Prevention and Control of COVID-19 in China
AU  - Li Liu
AU  - Jing Deng
AU  - Xue Yu
Y1  - 2020/12/22
PY  - 2020
N1  - https://doi.org/10.11648/j.sjph.20200806.15
DO  - 10.11648/j.sjph.20200806.15
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
SP  - 181
EP  - 186
PB  - Science Publishing Group
SN  - 2328-7950
UR  - https://doi.org/10.11648/j.sjph.20200806.15
AB  - During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.
VL  - 8
IS  - 6
ER  -

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