The impact of the new coronavirus epidemic on Fujian’s economy

The impact of the COVID-19 epidemic on Fujian’s economy is as follows:

1. Foreign trade is hindered: Fujian Province relies on its advantages in ports and customs, and foreign trade exports have always been a pillar industry of the provincial economy. The epidemic has caused many The country's blockade and isolation have had a great impact on foreign trade companies in Fujian Province.

2. Disruption of the industrial chain: Fujian Province is a densely populated area with Taiwan-funded enterprises. Many Taiwan-funded enterprises have outsourced their production links to mainland China and established relatively complete supply and industrial chains. The epidemic has caused many Company employees are unable to return to work, and the supply and delivery of raw materials are subject to bottlenecks, which has caused huge troubles to the entire industry chain.

3. Labor shortage: The rapid economic development of Fujian Province requires a large number of talents, especially migrant workers from other provinces. The epidemic has led to a decline in the return to work rate in Fujian Province, resulting in a certain labor shortage, which has brought great difficulties to business operations.

4. Facing heavy losses in the tourism industry: Fujian Province has many world cultural heritages, tourist attractions, islands and other tourism resources, and this industry has a large contribution rate in Fujian. Due to the impact of the epidemic such as flight cancellations and the closure of tourist attractions, the tourism industry in Fujian Province has been greatly affected, and tourism industry employees and related enterprises have suffered considerable economic losses.

The COVID-19 epidemic has had a great negative impact on the economy of Fujian Province. Under the guidance of the government, Fujian Province has actively responded to the challenge of the epidemic, accelerated the resumption of work and production, introduced effective measures to support the development of enterprises, and grasped the transformation of foreign trade. opportunities, continue to promote economic structural adjustment and upgrading, actively turn crises into opportunities, and promote economic stability and sustainable development.