What is the economic impact of the new crown epidemic

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[Abstract]:
WangYiming,amemberofthe13thCPPCCNationalCommittee,saidthattheresponsestrategyshouldbedividedintoshort-termandmedium-term.   Inthelongrun,thefundamentalsofChina'slong-termeconomicgrowthwillnotbechanged
Wang Yiming, a member of the 13th CPPCC National Committee, said that the response strategy should be divided into short-term and medium-term.
 
 
 
In the long run, the fundamentals of China's long-term economic growth will not be changed due to the short-term 
 
impact of the epidemic. First, China is still in the process of industrialization and urbanization, and its self-healing capacity needs to be improved
 
 
 
Second, China has the advantages of a super large-scale economy, and its ability to resist shocks is stronger than other economies. Third, the epidemic has further consolidated the determination of the whole nation to overcome difficulties, unite as one, and build the country
 
 
 
Confidence plays a very positive role in building a moderately prosperous society and opening a new journey of modernization.
 
 
 
The focus of short-term policy is to help small and medium-sized enterprises and groups in need and promote the circulation of economic system. 
 
First, we need to carry out orderly resumption of work and production; second, we need to take some measures for families with living difficulties who are greatly affected by the epidemic
 
 
 
Third, we need to increase support for small and medium-sized enterprises to help them return to work. In the medium term, we should work out plans for economic recovery and revitalization after the outbreak. The plan includes: first, active fiscal policy
 
 
 
We will intensify efforts to further increase the deficit ratio, increase the issuance scale of junior college debt, continue to make good use of the PPP (government social capital cooperation) model to attract social capital participation, continue to reduce taxes for enterprises and provide financial services
 
 
 
When issuing special treasury bonds, institutions should consider the special difficult groups and issue some consumer bonds; secondly, monetary policy should be more flexible, and it is important to maintain the relative rationality and abundance of liquidity and strengthen monetary policy
 
 
 
Third, we should actively expand effective investment, especially new infrastructure construction.
 
 
 
The novel coronavirus pneumonia has brought some impact and promoted the development of some industries.
 
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