The impact of covid-19 on the economy and consumption is far from SARS comparable, and even far exceeded the financial crisis of 2008 and the Internet bubble of 2000 (impact on technology companies). Domatters saw that the latest predictions of the impact of several financial institutions on the global epidemic continued until the beginning of 2022. It is expected that this winter will repeat this winter, and there will be a small repetition next winter, which can be eliminated globally in spring 2022. almost.

There are two very obvious effects on various domestic industries in China.

Firstly,the biggest impact is the is the based service industry, which is mainly catering. Although the covid-19 domestic epidemic situation in China is well controlled,but as long as the epidemic situation persists overseas, those imported into the country must be strictly controlled. This will undoubtedly have a considerable impact on the service industry. Because the sparks of highly contagious viruses can not be controlled well, they can also catch a big fire. At present, we have seen a lot of restaurants and service stores that have been put up for sale and transfer.

The second is exports. The rapid development of Chinese economy in the past three decades has contributed substantially to half of the country’s exports. The current epidemic in Europe and America will undoubtedly have a huge impact on consumption and will inevitably affect the demand for imports.

There are two important things in 2020. One is to be healthy and alive, and the other is to have a certain income. Of course, the most important thing is to survive in 2020!

This particular period, especially for entrepreneurs, must not underestimate the impact and destructive power of the covid-19 epidemic. You have to make a 200% effort before you have a chance to get the goal you set before. You can either redouble your efforts, or you can rationally lower your goals and hit yourself in the face rather than the other way around. It is much better to take the initiative to face yourselves than to dump the company.

Finally, Domatters wish you all good health and alive!