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Epidemic control, resuming production are not mutually exclusive endeavors

China Daily | Updated: 2020-02-24 00:00
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China's efficiency in mobilizing and concentrating national resources to address an urgent problem is indisputable. But now its institutional advantages are being put to a harsh test as there are two challenges to overcome at the same time, and these challenges are contradictory.

That is the dilemma it faces while trying to strike a delicate balance between controlling the spread of the novel coronavirus, which is mainly based on restricting population mobility, and the resumption of production, which requires easing the restrictions on people's movements.

Although the number of new infections each day outside of Hubei province, which is at the heart of the outbreak, has declined over the past month, the stubborn persistence of the virus in Hubei, particularly in its capital Wuhan, the epicenter of the outbreak, which accounts for about 70 percent of the total number of infections nationwide and 80 percent of the deaths, should keep the nation alert to the possible harm its long tail might cause.

That's why many oppose the resumption of production on the grounds that the country might suffer an even heavier blow if the reopening of factories fuels the spread of the virus.

However, these people should not ignore the other side of the coin that the basic operation of the economy, particularly some key industries and sectors, must be maintained to sustain the war against the epidemic, and the viability of the nation. That there has not yet been any shortage of life necessities does not mean the economy can survive being at a virtual standstill forever.

Although the economic statistics are unavailable, that almost all central government departments related to the economy, industry, trade, jobs and social security have been unanimously urging the local governments to give the green light to the resumption of industries, while meting out unprecedented tax and fee reductions and even exemption policies, speaks volumes of how pressing the economic situation has become.

If the standstill continues, it might inflict irreparable harm on the economy, as a systemic bankruptcy of the most vulnerable medium and small-sized businesses could brew a wave of unemployment and trigger a chain reaction through the whole economy and society.

That President Xi Jinping on Friday and Sunday called for unswervingly deepening structural reform and stabilizing jobs, finance, trade, investment and expectations, while stressing epidemic control, shows the decision-makers are dedicated to striving for a new equilibrium between the two tasks.

Certainly, there is no point in giving up eating for the fear of choking.

 

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