Liu Zhibiao, Wu Yuenong, Chen Zhilong: What‘s the Impact of the Inclusion in Public Health Emergency of International Concern on Chinese Economy?

Release time:2020-02-01Author: Liu Zhibiao, Wu Yuenong, Chen Zhilong

Liu Zhibiao: COVID-19 was classified as a Public Health Emergency of International Concern, which greatly affected China, but this is not the same as an international economic sanction, let alone the side effects that are more severe than the trade war. The most important thing is to control the spread of the epidemic to the whole country as soon as possible.Wu Yuenong: COVID-19 was classified as a Public Health Emergency of International Concern by the WHO, which will have an immediate impact on China’s foreign trade and enterprises’ "going out". The temporary closure of personnel and materials will also affect the “coming in” of international enterprises and cause the temporary withdrawal of international capital. This will be reflected in the resumption of the Shanghai and Shenzhen stock markets after the holiday, and will leave our country temporarily in a certain "lonely" state. We must deal with it calmly and work hard.Chen Zhilong: The WHO has listed the epidemic as a "Public Health Emergency of International Concern", which means that in the future, there will be a certain degree of uncertainty in China's overseas investment, foreign trade activities, and international economic cooperation and exchanges. This is a test for China's economic and social operations, as well as for the overall economic security and social stability. At present, it is urgent to make major adjustments and overall arrangements for short-term and long-term strategies.