The Impact of the Epidemic on China's Real Economy

Abstract

The biggest difference between the rapid spread of coronavirus around the world and past crises is that it directly affects the real economy. Global expansion affects not only foreign demand but also global supply chains. The global economy stagnated in the second quarter of this year, creating great uncertainty about the country's post-epidemic recovery. Based on this, this paper studies the impact of the epidemic on China's real economy. This paper discusses the outbreak of the huge impact on the real economy and real economy take off the real to virtual origin, trajectory and impact of COVID - 19 outbreak could trigger a new round of economic take off the real to virtual risk, targeted put forward the countermeasures, and from the short-term fiscal and monetary policies to strengthen the reverse cycle adjustment and push forward the reform for a long time short response are put forward, on the impact of the real economy of the outbreak digital transformation were studied. Research shows that the digitization and knowledge-based transformation of the real economy has been significantly accelerated, with thousands of enterprises together accelerating the integration of big data and the real economy. These real economies will further promote the growth of national economy while consolidating, changing and improving data distribution and mining value.