On April 17 (Friday), data released by the National Bureau of statistics showed that the gross domestic product (GDP) in the first quarter of 2020 was 20.65 trillion yuan, a year-on-year decrease of 6.8% in terms of comparable prices, which is the first year-on-year decline since China started its quarterly GDP accounting work. You should know that in the first quarter of 2019, China's GDP grew by 6.4% year-on-year.

The root cause is that Xinguan epidemic is a rare public health emergency in history. In the face of the epidemic situation, the whole country has taken strong and powerful prevention and control measures to control the spread of the epidemic in a relatively short period of time. Of course, the country has to pay some short-term economic costs, which is also the main reason for the large fluctuation of GDP data in the first quarter of 2020.

The new type of coronary pneumonia, from the outbreak to now, has been found in more than 200 countries and regions in the world.

Isolation therapy has been adopted by governments both actively and passively, which is by far the most effective scheme for the infection of new coronavirus.

However, segregation also brings an important economic problem, which is unemployment.

In the United States, for example, data show that from mid March to early April, 16.6 million people applied for unemployment benefits for the first time, with more than 5.5 million people a week.

During the 2008 financial tsunami, less than 700000 people applied for unemployment benefits for the first time every week.

This also means that in just over 30 days, one out of every 10 working people in the United States has lost their job opportunities. With the large number of unemployed people and the rapid rate of unemployment, the situation is not optimistic.

Global cross-border investment, trade in goods and people to people exchanges have decreased significantly, and some national institutions have lowered their growth expectations. In this context, it is difficult for China's economy to be independent.