What kind of impact did the epidemic have on the Chinese economy?

On the one hand, the offline service industry is the first to be affected, especially the cinema line, tourism, accommodation and catering, offline education, and so on. On the other hand, the outbreak of this epidemic was at a special point in time, which also had a significant impact on industrial production activities.

To this end, the author has investigated the clothing, steel, machinery, petrochemical and other industries, involving Guangdong, Hubei, Zhejiang, Shanghai, Hebei and other places. The situation is different in different industries and regions, but in general, industrial production has been affected to varying degrees in terms of labor, orders, inventory, production, and transportation. Unlike the service industry, which is mainly affected by demand shocks, industrial production activities are impacted by both supply and demand, and the situation is even more distressed. Under the impact of the epidemic, the contradiction between supply and demand in industrial production activities was very prominent.