(Source:Economic Daily WeChat public account20202month6日）

One question: Can the economic fundamentals be stabilized?

Short-term interference does not affect the long-term trend

Yang Liqiang, associate researcher at the Institute of International Economics, w88 casino, said,Measures such as "closing the city", restricting the movement of people, and suspending production and work of enterprises will have a short-term impact on our country's economy, but these measures are conducive to preventing and controlling the epidemic. The pent-up demand during the epidemic will rebound intensively after the epidemic, driving economic recovery. It is expected that my country's economy will gradually pick up in the second half of the year. In the medium to long term, the epidemic will not change the long-term positive trend of my country's economic development.

Second question: Can small and medium-sized enterprises survive?

Small and medium-sized enterprises will be under greater pressure

Affected by the epidemic, the Spring Festival holiday has been extended, the movement of people has been restricted, and the resumption of work in various places has been delayed. The short-term impact of the epidemic on our country's economy is inevitable. In particular, the current short-term decline in consumer demand has had a significant impact on the catering, tourism, entertainment and other service industries in many regions. Experts generally believe that market entities severely affected by the epidemic are facing greater pressure to survive, especially small and medium-sized manufacturing and service companies, which deserve special attention.

Yang Liqiang believes that the decline in consumer demand may cause some small and medium-sized enterprises to have cash flow problems due to lack of orders. It should be noted that restrictions on the movement of people have also directly or indirectly led to an increase in logistics costs across the country. While pushing up prices in the short term, it may also affect the supply chain and post-holiday rework of some companies, raising production costs for companies.

 Focus on supporting small and medium-sized enterprises in difficulty

Yang Liqiang said that after the epidemic is over, it is recommended to take tax cuts, subsidies and other measures to further stimulate consumption, support and help affected service industry companies to resume production and operations, and relieve employment pressure. Through various forms of policy measures, we will support manufacturing companies and foreign w88 companies that are greatly affected.

Three questions: How to turn crises into opportunities during the epidemic

Should see the potential positives

Although the short-term impact of the epidemic on the economy is inevitable, its negative impact cannot be overstated. We should see potential positive factors, such as some industries working hard to turn crises into opportunities.“Under the influence of the epidemic, new business formats and models such as e-commerce, e-government, home office, virtual conference/business, and online teaching will usher in a new round of rapid development. Yang Liqiang believes that the application of cutting-edge technologies such as the Internet, artificial intelligence, and big data will further penetrate and expand into various fields such as public life, business operations, government management, education and training. He pointed out that after the epidemic is over, the improvement and reform of the epidemic prevention and control system and the development of related industries will also become important economic growth points after the epidemic.

Through this epidemic prevention and control battle, the government's governance capabilities will be greatly improved, which will be conducive to optimizing and improving the business environment in the medium and long term.“Since the outbreak, governments at all levels have taken the most comprehensive and stringent prevention and control measures in a highly responsible attitude towards people’s health. The World Health Organization and many countries have fully affirmed and spoken highly of China’s actions. From epidemic prevention to patient treatment, to publicity and education, this extremely complex process is precisely a 'big test' and exercise for government departments, and the government's governance capabilities will be improved. "Yang Liqiang said.

Precisely implement measures to deal with the impact

Yang Liqiang suggested that during the epidemic, effective measures should be taken to effectively reduce the impact of logistics, so as to ensure the effective operation of enterprise supply chains while ensuring the people's daily needs. At the same time, measures can be taken to allow and support qualified enterprises to carry out off-site virtual business, such as virtual meetings, home working, etc., to improve the level of e-government facilitation.

“At present, there is an urgent need to release positive policy signals to guide public expectations, strengthen confidence in winning the battle against epidemic prevention and control, and ensure stable economic development. "Yang Liqiang said.

Make mid- and long-term development plans

“In the medium to long term, the growth potential of China’s economy has not yet been fully released, there is still a lot of room for institutional innovation, and there is still a lot of room for maneuver in my country’s macroeconomic policies. After the Chinese economy has experienced tests such as the epidemic, its ability to resist risks and resilience will surely be further enhanced." Yang Liqiang said.

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