At the online meeting of the Ministry of Commerce in March 26th, Xian Guoyi, director of the Ministry of Commerce and clothing trade, said that the impact of the epidemic on China's consumption is short and controllable.

Xian Guoyi said that after the outbreak of the new crown pneumonia, the residents went out sharply and the consumer market was greatly affected. But the impact of the epidemic on our consumption is short term and controllable. Recently, with the continuous improvement of the epidemic prevention and control situation, enterprises resumed business to speed up, and market sales bottomed out.

At the same time, the survey showed that as of March 22nd, the average return rate of large agricultural products wholesale market reached 97%, 96% of large supermarkets, 94% of farmers' markets (food markets), 90% of department stores (shopping centers). Up to now, the rate of resumption of catering, accommodation and housekeeping enterprises has reached 80%, 60% and 40% respectively.

The Ministry of Commerce's key monitoring and retail businesses increased by 5.6% in the late February, up by 0.5% in the middle of February, and by 0.5% in the first ten months of March, and by 0.8% in the middle of March.

He also said that in some areas, some rigid consumption has been delayed by the epidemic, and will be compensated after the outbreak, with compensatory consumption. Next, the Ministry of Commerce will thoroughly implement the decision making arrangements of the CPC Central Committee and the State Council, encourage all localities to combine local realities, introduce measures to promote new energy vehicle consumption, and carry out old car replacement, so as to further stabilize and expand automobile consumption.