Economics Prize winner: the epidemic does not change Chinas long -term policy ag

Michael Spence, the winner of the Nobel Prize in Economics in 2001 and Honorary Dean of Stanford University Business School, said that China's long -term policy agenda will not change due to the new coronary virus epidemic, but the volatility rate of the financial market is likely toWill rise.

According to the First Financial Report, in Spencer's view, at this time, even professional epidemiologists may be difficult to judge the impact of the epidemic on the economy, which is highly uncertain and depends on many.factor.For example, when the epidemic is topped and when people can travel more safely again.

In response to the recent global market's response to the epidemic, Spencer said that when there is uncertainty and some information appear continuously, it is expected that the market may fluctuate.When such an external impact occurs, what the regulatory layer should do is to ensure that the key parts of the market and financial systems are open and can run normally, so as to avoid unnecessary secondary impact on the economy.

How will China's economic growth in the first quarter and the whole year be affected?Spencer believes that this is highly uncertain and will depend on many factors.For example, when the epidemic is topped and when people can travel more safely again.At this time, even professional epidemiologists may be difficult to judge.

He said that if you really want to guess, then I want to fluctuate the closest answer.The Chinese economy has a huge influence on the global economy.Therefore, in the short term, the overall impact of the epidemic is negative for the global economy.

For the economic impact of the Chinese government's policy and measures to relieve the epidemic, Spencer said that the impact of the impact on the economy by using the currency and fiscal stimulus policies to buffer the impact on the economy is of course a wise choice.However, some tools may have limited effects.It is very important to use digital technology to help the financial system running normally.

Spencer also pointed out that global cooperation is urgently needed in many areas.This epidemic is a good example. Under the current situation, global cooperation will be greatly helpful for the situation.However, there are many fields that also need to cooperate with each other, such as sustainable development, technology, network security, trade, and investment.