The current round of epidemic outbreak in early March 2022 spread rapidly and spread widely. With the in-depth promotion of the "dynamic zeroing" policy, the normal operation of the economy was restrained, and both ends of supply and demand were greatly impacted. It further expanded the scope of spread through the industrial chain, resulting in a wide range of negative credit impact. It is suggested to focus on the credit risks of difficult industries in the service field and downstream manufacturing industries.
The current round of the epidemic has a faster infection rate and a wider scope. The current round of the epidemic has a faster infection rate, with most asymptomatic infections. For more than two years since the outbreak of the epidemic in Wuhan in early 2020, sporadic epidemics have been repeated all over the country, but the scale is relatively small, and they have been controlled in a short time, without causing a significant negative impact on the economy. Different from the previous local epidemic, the mainstream strain of this round of epidemic since March 2022 is Omicron, with high infection rate and strong concealment. Only from March 1 to April 11, more than 300000 local infections were reported in China, of which the number of new asymptomatic infections increased significantly.
This round of epidemic has affected most provinces and cities in China, with a wider range of influence. The current round of epidemic has spread to 30 provinces and cities in China, and nearly 90% of the infected people come from Shanghai and Jilin Province. Among them, Shanghai has reported more than 300000 local infections from March 1 to April 11, and more than 20000 new infections every day since April 7. There is no obvious inflection point of the epidemic, and the prevention and control situation is very serious. In addition, the epidemic in Shanghai has spilled over to many provinces and cities. The number of newly infected people in Jiangsu, Zhejiang and Anhui has increased recently, and the pressure of prevention and control in provinces and cities around Shanghai has increased significantly. Jilin Province reported more than 60000 cases of local infection from March 1 to April 7, mainly in Changchun and Jilin. The GDP of the two cities accounted for nearly two-thirds of the province in 2021, which had a great impact on the overall economy of Jilin Province. In Shenzhen and Shandong, where the epidemic was more serious in the early stage, after the implementation of strict closed management, the epidemic has leveled off recently and gradually restored the normal production and living order.
