Household-owned Businesses’ Vulnerability to the COVID-19 Pandemic

Using a new survey conducted with Chinese households on the effects of the COVID-19 pandemic by the Survey and Research Center for China Household Finance, this study provides descriptive evidence on the impact of COVID-19 on household-owned businesses. We use ordinary least squares and ordered probit regression methods for our analyses. The results show that the pandemic has a negative impact on the gross income of household-owned businesses.