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Deputy Governor of the Central Bank: The impact of the new crown pneumonia on China's economy is short-term


Data Figure: Chen Yulu. Photo by Du Yang, China News Agency

China News Service, February 23. According to the official website of the People ’s Bank of China, on February 21, Chen Yulu, deputy governor of the People ’s Bank of China, published a signed article in the Financial Times on the impact of the new crown pneumonia epidemic on China ’s economy. The problem is analyzed and interpreted.

The article points out that the new crown pneumonia epidemic has brought some negative impacts on the current Chinese economy, but the overall impact is short-term and limited. China's economy is resilient and policy space is sufficient. The epidemic will not affect the long-term sound and high-quality growth fundamentals. At present, the Chinese government has taken strong measures to prevent and control the epidemic and has achieved remarkable results. After the epidemic, the previously suppressed consumption and investment demand will be fully released, and economic growth will rebound rapidly.

Source: chinanews

business 2020/04/01    

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