Economic Situation in China after the Epidemic

The impacts of the epidemic on the economy

The new crown epidemic has caused a great impact on the economy, first of all, the offline real economy consumption area has been hit, and some contact consumption and some non-essential consumption of residents have been affected. At the same time, we also see that new consumption is still expanding to play a role, now convenient online shopping mall consumption, e-commerce, and so on, even during the most serious period of the Spring Festival epidemic also guaranteed the basic life of 1.4 billion people. With the situation of prevention and control of the domestic epidemic situation continues to improve, economic recovery has gradually become the focus of attention. At this time, whether operators or consumers are looking forward to a wave of "retaliatory consumption" coming. Merchants to recover the heavy losses during the epidemic, consumers are released in the home closed for a long time to eat their own dark cooking for 3 months knot, both are indispensable, together to put the national economy back on track. Inadvertently," retaliatory consumption "has become a fashionable word, by the market's high expectations.

China Economy

What is the difference between the new coronavirus and SARS in 2003?

As far as the SARS epidemic is concerned, according to the statistics released by the World Health Organization on August 15, 2003, the total number of confirmed cases worldwide is 8422, involving 32 countries and regions, and the cumulative number of cases in China is more than 8000. It is not difficult to find that China is a severe SARS disaster area, in a sense, once the domestic epidemic is eradicated, the global epidemic is basically over. In fact, since the end of June 2003, China's SARS prevention and control work were "double lifted ", the entire national economy quickly back on track, China's economic and trade exchanges with other countries have not been particularly seriously affected. And offline new crown pneumonia epidemic, although the Chinese epidemic has been controlled, the economic consumption field has not returned to normal.

What is "retaliatory consumption "?

For the opening of the business,3 months did not open, its impact can be imagined. For example, the catering industry, the catering industry is really not easy, a slight price increase is also understandable. But there is a need to strike a balance between price increases and customer consumption levels, so I believe that customers who go to spend can understand. It is also hoped that the government will support the catering industry more and let them through this difficult time, rather than just thinking of passing the difficulties on to customers, after all, everyone is not easy. Local governments have taken this into account, many regions began to issue consumer vouchers, which seems to some extent to ease the price and consumption between the contradiction. According to incomplete statistics, in just over a month, more than 30 cities in 17 provinces of the country announced that they would issue consumer vouchers to the public. "When consumption is restrained, the government issues coupons in a way that better addresses current price increases, low mass consumption, or promotes restorative growth." Lian Ping, chairman of China's chief economist forum and chief economist of Shixin Investment, said, but he also warned that the use of consumer vouchers should be targeted to meet the different needs of different industries. For example, catering, leisure, and entertainment industry demand are large, consumer vouchers should also make more contributions here. For the general public of our citizens, after the Spring Festival, a lot of ingredients are a little price increase, my mold company afraid it is two months did not open business, the cost is counted on the current consumer. "Wages have fallen, prices have risen, and there are no tears to cry ." "I haven't started retaliatory spending yet, and so on to retaliatory price increases." What do you think?