The coronavirus pandemic, which began in 2020, was the largest phenomenon in terms of its scale in recent decades and had a global impact on all aspects of public life, including socio-economic processes. An assessment of the scale of the impact of the pandemic on the socio-economic processes in socialist China is the subject of this article. The article continues a two-year large-scale study of the problem of the impact of the consequences of a pandemic on socio-economic processes in countries with various forms of public economy. Socio-economic processes in the People’s Republic of China during the pandemic showed the opposite dynamics to the marketoriented countries of the European Union, the Russian Federation and the United States. This is determined by the conditions for the formation of these forms of production. The study showed that the consequences of the pandemic had a multi-vector impact on socio-economic processes in countries with various forms of public economy. If in market-oriented countries the pandemic in its movement leads to the same consequences as the general law of capitalist accumulation, compensating for the weakening of its action, then in a non-market-oriented country the pandemic did not have a noticeable impact on socio-economic development, determined by five-year plans. As a result of the study, it was shown that the socio-economic consequences of the pandemic in marketoriented countries led to a narrowed reproduction of the social product, while in the People’s Republic of China, the reproduction of the social product continued to be expanded.
Key words: pandemic, dynamics of indicators, socio-economic processes, market oriented countries, People’s Republic of China.
10.56429/2414-4894-2023-44-2-59-71