China's economy remains resilient amid epidemic outbreak: report

China's economy remains resilient amid epidemic outbreak: report

The resilience of China's economy cannot be underestimated amid the novel coronavirus (2019-nCov) epidemic outbreak, though it posed direct harm to the service, manufacturing and trade sectors, according to a report released Saturday by the Shanghai Institutes for International Studies.

The report noted that the potential impact of the 2019-nCoV epidemic can be different from all the previous epidemics and other incidents, and it is imprudent to judge the economic impact of the epidemic by historical experience as China's economy is in a transition from high-speed growth to high-quality development.

"Even in the short term, the epidemic has not caused a negative effect on all the sectors but has benefited industries such as electronic commerce and online games and entertainment," said the report.