Global and Chinese economic Forecast and Outlook in the post-epidemic era

   date:2020-10-27     browse:2    comments:0    
Summary:In 2020, coVID-19 is raging around the world and the world economy is in a state of shutdown.This is an unprecedented global crisis. The global economy is facing a double shock of demand and supply, and no economy is immune from it.

In 2020, coVID-19 is raging around the world and the world economy is in a state of shutdown.This is an unprecedented global crisis. The global economy is facing a double shock of demand and supply, and no economy is immune from it.


Information with the WHO and other countries, and taken a series of prevention and treatment measures. Major strategic results have been achieved in the nationwide battle against coVID-19, providing valuable experience and strong support to the international community in preventing the epidemic.The WORLD Health Organization made an assessment decision in March to classify coVID-19 as a pandemic, but at that time many countries did not pay enough attention to and take effective measures. The epidemic spread rapidly internationally and many countries entered the outbreak phase.The impact of coVID-19 on the global economy, its impact on China's economy and China's response, as well as the improvement of global governance, deserve in-depth discussion.


This year marks the end of China's efforts to build a moderately prosperous society in all respects.To achieve the first centenary goal, growth this year would need to be about 5.6 per cent.China's annual growth potential is still 8% by 2030, which is not difficult to achieve under normal circumstances.However, due to the sudden outbreak of COVID-19, China has taken effective prevention and control measures such as city closure and home quarantine, which has brought the spread of coVID-19 under control in a relatively short period of time and has to pay some temporary economic costs.In February, many enterprises were in a state of shutdown, and began to resume work and production in March. However, cross-border investment, trade in goods and personnel exchanges around the world have been greatly reduced, and many export enterprises are facing the predicament of sharp decline or cancellation of orders.In order to prevent and control imported cases and possible second wave of spread, the prevention and control work has been normalized, and production and life are still affected to some extent.


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Thanks to the all-out efforts of all Chinese people, China's epidemic prevention and control efforts have achieved initial success. However, with the spread of the epidemic around the world, the world is now under the shadow of the new coronavirus.Based on this background, the resumption of work and production in the post-epidemic period will inevitably face severe challenges such as restructuring of the internal market and deterioration of the external environment.To this end, Huang Qifan, after deep thinking, gives a very valuable reference "good advice".


He said that danger and opportunity always coexist, and overcoming danger is an opportunity.Although the "black swan event" of coVID-19 has shaken the business market violently, consumers' behavior has changed subtly as the dust settles.In addition, the economic activities suppressed by the epidemic have been gradually released. It can be said that in the post-epidemic period, the majority of enterprises are faced with great development opportunities. Whoever can catch the new trend changes in this reform can seize the blue sea in the post-epidemic market competition.



At the same time, Huang Qifan also suggested that the majority of private entrepreneurs in the strategic focus, do a special profound "little great man".Tactically, we should be flexible and actively seek new market opportunities. In particular, we should pay attention to the new supply and demand created by the use of new forms of business, new technologies and new models.


Finally, he encouraged micro, small and medium-sized enterprises to stay together and learn from each other through mutual help.Under the severe challenge of the epidemic, we must form a closer relationship of division of labor and cooperation. The deeper the division of labor, the more efficient the cooperation, the lower the overall cost, the more we can work together through the night and meet the dawn.



Only through cooperation can we achieve win-win results. To some extent, this is not only a good way for China to resume work and production after the epidemic, but also a good way for the world to cope with the coVID-19 crisis.


 
Article Source: Global and Chinese economic Forecast and Outlook in the post-epidemic era
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