What is economic resilience?

From a physical point of view, toughness is the opposite of rigidity. From a physical point of view, toughness refers to the ability of an object to resist fracture when it bears stress. The better toughness, the less possibility of brittle fracture.

In the explanation of physics, "toughness" refers to the ability of a material to absorb energy during plastic deformation and fracture, and it is the ability to resist stress. The better toughness, the less possibility of brittle fracture. It is quite subtle to describe the characteristics of China's economy with the explanation of "resilience".

Characteristics of words

Toughness is a physical concept, which indicates the ability of materials to absorb energy during plastic deformation and fracture. The better toughness, the less possibility of brittle fracture. Applying this concept to economic activities usually refers to the ability of an economy to resist fluctuations, risks and crises. Under the impact of fluctuations, risks and crises, the economy can still grow and develop against the trend and is considered to be resilient or resilient.