[Commentary] The widespread spread of the new Pneumococcal virus worldwide has impacted and affected the Chinese economy in 2020. In an interview with a reporter from China News Service, Liu Wei, a member of the National Committee of the Chinese People's Political Consultative Conference and president of the People's University of China, said that he should take an objective view of the expected economic growth rate, make the most difficult preparations, and adjust the way the structure is turned into a "chance".

　　[Commentary] Liu Wei told reporters that the impact of the epidemic on China's economy is unprecedented. From the data of the first quarter, the secondary industry is particularly prominent, with GDP growth reaching more than 9%.

　　[Same period] Liu Wei, President of the Chinese People's University, member of the National Committee of the Chinese People's Political Consultative Conference

　　The impact of the coronavirus epidemic on the Chinese economy should be unprecedented. We now see from the first quarter data that the GDP growth is negative 6.8%. It should be said that around 13%, the impact is particularly great, and very comprehensive, whether it is the primary industry secondary industry or tertiary industry.

　　【Explanation】 Under the pressure of the economy, Liu Wei said that in 2020, ordinary college graduates will reach 8.7 million, the employment growth due to the slowdown of economic growth will decrease, the pace of social life, and structural unemployment due to changes in economic structure Factors such as the change of some graduates ’plans to go abroad for employment and other factors put pressure on job security, which will cause the unemployment rate to rise to a new high in 2020.

　　[Same period] Liu Wei, President of the Chinese People's University, member of the National Committee of the Chinese People's Political Consultative Conference

　　If it is divided according to age, especially the age range between 20 and 25, and the age during this period is mainly at the graduation level of undergraduates and postgraduates, the unemployment rate at this age is even higher. Therefore, in this regard, we must exert all-round efforts in policy, institutional innovation, structural adjustment, and development methods in order to deal with the challenges ahead.

　　[Explanation] Facing pressure from all sides, Liu Wei said that compared with flood irrigation, expanding consumer demand on the basis of stable income growth is an extremely important condition. It is necessary to expand domestic demand through reasonable income distribution, adjust the structure, transfer mode, and conversion. Increased kinetic energy turned into a crisis.

　　[Same period] Liu Wei, President of the Chinese People's University, member of the National Committee of the Chinese People's Political Consultative Conference

　　Under the impact of the epidemic, we must speed up the transformation of our new format, new kinetic energy, and new methods. In this case, the same one-point growth rate will be brought about by structural changes, efficiency improvements, and changes in methods. Employment, the income it brings, and the benefits it brings are probably not the same as when the structure is unchanged, the methods are not changed, and the benefits are not improved.

　　[Explanation] Liu Wei said that accelerating the transformation of new formats, new kinetic energy, and new methods is the fundamental way out for the Chinese economy to overcome the impact of the epidemic.

　　[Same period] Liu Wei, President of the Chinese People's University, member of the National Committee of the Chinese People's Political Consultative Conference

　　Therefore, I think we will fully achieve the economic and social development goals this year. Under the severe impact of the epidemic, we will achieve the achievement of the economic and social development goals of a comprehensive well-off society. Employment targets, price targets, etc. The stability of the basic macro indicators is not supported by speed, but by structural adjustment to ensure support. Changes in structure and adjustment of modes are the main way and fundamental way out for us to overcome the impact of the epidemic.

　　Reporter Jia Nan Fan Siyi Wang Shibo reports from Beijing

Editor in charge: [Ji Xiang]