Hong Yinxing: Transforming "Danger" into "Opportunity" with DevelopmentThe outbreak of COVID-19 and its spread around the world have a direct impact on the economy. In the face of economic difficulties and uncertainties, the solution is still development. This involves two aspects. First, to get rid of difficulties in the short term, we need to rely on development. Second, we need to foster new growth points for long-term development.Recently，facing the economic recession caused by the epidemic, the first development countermeasure is to stop the recession as soon as possible and give priority to employment. The focus of development should not be limited to the supply side. We need to work together on both sides of supply and demand, and more importantly, we should pull demand.A recession caused by the epidemic is different from the recession in a normal business cycle. Therefore, we should not only deal with the recession, but also take the initiative to cultivate and strengthen new economic growth points for the post-recession economic recovery and long-term development, so as to accelerate the transition of the economy into a period of rapid development. There is a specific need to promote development in the following areas: accelerating structural adjustment and upgrading of equipment, increasing investment in infrastructure, modernizing the industrial chain and effectively linking up to secure a decisive victory in building a moderately prosperous society in all respects and start the modernization.
