Novel coronavirus epidemic continues to spread, this will bring to China's economy how much impact?
Lian Weiliang, deputy director of the National Development and Reform Commission, pointed out at a press conference held by the State Council on February 3 that the epidemic is having a greater impact on the economy, especially consumption, especially consumption of services such as transportation, cultural tourism, hotels, catering and film and television entertainment, but the impact will be temporary. In the future, China will formulate and introduce policies and measures to mitigate the impact of the epidemic on a case-by-case basis, and in particular, try our best to help enterprises in industries greatly affected by the epidemic.
About the outbreak of the impact of China's foreign trade import and export in the first quarter, vice minister of commerce wang bing nan, points out that foreign trade enterprises are mostly in the 15th day after shipment, the outbreak and just bumped into the Spring Festival, a lot of foreign trade enterprises are rapidly restore the capacity, suzhou and other places recently issued a series of policies and measures to reduce power for the enterprise. He noted that WHO opposes any restrictions on travel and trade with China, and believes that governments and market players in all links of the global supply chain will provide greater trade facilitation for goods, services and goods from and to China.
Policies will be put in place to hedge the impact of the outbreak
At the press conference, Lian Weiliang pointed out that the current situation shows that the epidemic has a greater impact on the current economy, especially on consumption, especially on transportation, cultural tourism, hotels, restaurants and television and entertainment services.
"At present, we are in the middle of the Spring Festival travel rush, and the number of passengers sent by all modes of transportation has decreased significantly. The movie box office, tourism revenue and catering revenue have also decreased significantly compared with the same period last year. But at the same time, new forms of digital economy, such as online shopping, online food ordering and online entertainment, are very active."
He pointed out that the size of the economic impact of the epidemic depends on the progress and effectiveness of the prevention and control of the epidemic. It needs to be emphasized that the impact will be temporary and temporary, and will not change the long-term sound fundamentals of the Chinese economy.
"Many people try to calculate the impact of the SARS epidemic in 2003 on the economy at that time. But at this stage, China's economic strength, material foundation and ability to deal with emergencies are much stronger than they were then. We are fully capable and confident of winning the fight against the epidemic, and of minimizing the impact of the epidemic on the economy."
Lian Weiliang said that the most pressing task now is to focus on effective, orderly, scientific and precise measures to effectively prevent and control the epidemic, so that the turning point of the epidemic will come as soon as possible and the normal production and life order will be restored as soon as possible.
What is the next step in hedging the economic impact of the outbreak? Lian Weiliang said that on the premise of strictly implementing epidemic prevention and control measures, enterprises related to epidemic prevention and control, energy supply, transportation and logistics, urban operation, medical supplies, daily necessities and other related to the national economy and people's livelihood should be ensured to resume production, and major projects, major projects and qualified enterprises should be encouraged to resume production. We will formulate and introduce policies and measures to counter the impact of the epidemic on a case-by-case basis, and in particular try our best to help industries and enterprises that are greatly affected by the epidemic. At present, relevant departments have introduced a lot of policies and measures in this regard, and more positive measures in this regard will be introduced in an orderly manner.
He pointed out that more importantly, efforts should be made to turn the crisis into an opportunity, address the problems exposed in the epidemic prevention and control, especially the weak areas, and strengthen the weak areas with greater efforts and precision, so as to foster and expand new areas of economic growth.
Oppose any restrictions on travel and trade with China
As for the impact of the epidemic on China's foreign trade, Wang Bingnan pointed out that due to the Spring Festival factor, China's foreign trade in the first quarter has always fluctuated greatly in a single month. Most foreign trade enterprises start to ship goods after the 15th day of the first lunar month, and the outbreak happened to coincide with the Spring Festival. The Ministry of Commerce is closely monitoring the relevant situation.
"As far as the Ministry of Commerce knows, many foreign trade enterprises are rapidly resuming production capacity, and all departments and localities are taking precise measures to help enterprises create a sound business environment and reduce their burden while winning the battle of prevention and control." Mr Wang sees the recent measures in Suzhou as a good example.
Recently, the government of suzhou city of jiangsu province comes on stage about the pneumonia epidemic situation that deals with novel coronavirus infection supports small and medium-sized enterprise to tide over difficulties in all 10 policy opinions, this is the policy document that the national first local government level comes on stage supports small and medium-sized enterprise to tide over this epidemic difficulties.
According to the guideline, Suzhou will ensure that the credit balance of small and micro enterprises in 2020 is not lower than that of the same period in 2019. For small and micro enterprises that are greatly affected by the epidemic and have development prospects but are temporarily trapped, they should not blindly withdraw loans, cut off loans or squeeze loans. For the insured enterprises that do not lay off staff or less lay off staff, 50% of the actual unemployment insurance premium paid in the previous year can be returned. At the same time, the rent and tax burden of enterprises will be reduced.
It is worth noting that Suzhou is China's most intensive use of foreign investment, is also a highly developed foreign trade area. In 2019, the Suzhou Industrial Park alone saw 402 new foreign-invested projects, with an additional registered foreign investment of US $1.58 billion and an actual utilized foreign investment of US $980 million, both hitting a recent high. In 2019, Suzhou's import and export of foreign trade reached 2.19874 billion yuan, accounting for 7% of the country's total import and export value.
Wang stressed that against the background of increasing downward pressure on global economy and trade, the international community needs to make joint efforts to tide over the difficulties. In the case of China, the WHO believes that China's epidemic prevention and control has been excellent and opposes any restrictions on travel and trade to China. It also believes that parcels of letters from China are safe.
"We are fully confident and capable of winning the fight against the epidemic. We also believe that the government and market players in all links of the global supply chain will provide more trade facilitation for goods and services from China and goods exported to China." Wang Bingnan said.