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Core points

  • A number of investors believe that the impact of the epidemic on the economy may exceed the SARS period.

  • Severe challenges At present, it is most important for companies to reduce costs and increase efficiency, and to maintain attention to cash flow.

  • Proactively striving for relevant discounts from parks and properties is also one of the feasible ways to survive the crisis.

    The epidemic is continuing.

    This Spring Festival, the film was withdrawn, the mall was closed, and the flight was cancelled. In order to curb the spread of the virus, people stayed out of the house. Offline businesses missed the Spring Festival opportunity and suffered heavy losses.

    At the same time, in order to reduce the gathering of people and block the spread of the epidemic as much as possible, the State Council unified the extension of the Spring Festival holiday to February 2. Subsequently, the provinces and cities also issued notices of postponement of work.

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    Foreign extended holidays mean that work and business ca n’t start normally. An extra day of downtime is another crisis—zero revenue and hard costs. From the recent statements of many entrepreneurs, It seems that some small and medium-sized enterprises have even reached the moment of life and death.

    Facing real difficulties, some investors and entrepreneurs gave their own suggestions.

    Affect or exceed one trillion

    Accurately recognize the epidemic