How to treat the economic development of China under the epidemic situation?

Judging from the current situation, the epidemic prevention and control has turned into normalization. In this case, it will obviously have a certain impact on the economy. The traditional manufacturing industry should bear the brunt, and the downward pressure on the economy has increased, resulting in bleak consumer demand. In this case, the traditional manufacturing industry will certainly be affected by the export obstruction and sluggish consumption. However, we should pay attention to the diversity of industrial institutions in China. In recent years, we have made great breakthroughs in information technology and intellectual output, and the traditional manufacturing provinces are also accelerating the transformation and upgrading to "no man's land". Therefore, the long-term fundamentals of China's economy will not change, and the short-term impact is estimated to be hedged by national macro-control measures.

The key is to expand domestic demand. We have long been an economy dominated by domestic demand, and we have taken the lead in controlling the epidemic in the world. Most provinces in China have entered low-risk areas, and the production and living order is gradually recovering. Therefore, how to effectively expand domestic demand will be the key to hedge the impact of the epidemic.

At the meeting of the Political Bureau on March 27th, someone proposed to strengthen the adjustment and implementation of macro policies. We should pay close attention to the study, put forward a package of macro-policy measures and respond positively. A proactive fiscal policy should be more proactive, and a prudent monetary policy should be more flexible and appropriate. Therefore, monetary and fiscal policies will certainly play a greater role in hedging the impact of the epidemic on the economy.