Impact of COVID-19 Lockdown Measures on Chinese Startups and Local Government Public Finance: Challenges and Policy Implications

This paper aims to assess the impact of COVID-19 on the public finance of Chinese local governments, with a particular focus on the effect of lockdown measures on startups during the pandemic. The outbreak has placed significant fiscal pressure on local governments, as containment measures have led to declines in revenue and increased expenses related to public health and social welfare. In tandem, startups have faced substantial challenges, including reduced funding and profitability, due to th...