In 1985, confronted with the high-speed growth of industrial development as well as with a series of other problems of macroeconomic imbalance, the central task of macroeconomic control was to suppress general demand, and the major policy measure adopted was to tighten up credit and finance. At...

The outbreak of COVID-19 has caused huge disruptions to the world economy. As a number of countries make progress in containing this outbreak, some of them have started to reopen their economy. We study the curves of recovery after reopening the economy, using a unique real-time dataset of daily...