China has promised to achieve carbon peaking by 2030 and carbon neutrality by 2060. To achieve this goal, the country must implement necessary reforms and focus on innovation in areas of economics and finance. This book explores main challenges that China may face in achieving green and low-carbon development, analyzes green and low-carbon related issues from the economic perspective and proposes countermeasures as required. The book further helps readers understand China's progress in protecting its environment, achieving sustainable development, facilitating green investments and in being a green economy.

The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.