The Influence of Epidemic Situation on China Society

As an exogenous shock, the epidemic will have a short-term impact on China's economic growth, and will also have a certain impact on the world's economic development.

The outbreak of the epidemic and its prevention and control will inevitably bring limited mobility, which will undoubtedly have a direct impact on China's transportation, service industry, tourism, catering, culture and entertainment, and will also have an impact on China's employment growth, consumption growth and foreign investment expectations in the short term, lowering the short-term economic growth expectations.

Extended data:

As the main power source to promote world economic growth, China currently occupies a very important position in the global value chain and supply chain system. A large number of commodities in many large retail markets in the world come from China, and a large number of intermediate products and parts of many manufacturing enterprises also come from China.

Therefore, people will pay close attention to whether the epidemic will affect China's position and role in the global industrial chain and whether the global supply chain will be greatly impacted and affected.

Secondly, short-term epidemic prevention and control measures in some countries will affect the free flow of production factors. Affected by the epidemic, the global movement of personnel, goods, technology and other factors will slow down, global transportation, catering and tourism services will be affected, and the downward fluctuation of global international trade and supply chain is expected to increase in the short term.

People's Network-Rational View of the Impact of the Epidemic on China and the World Economy