In 2020, affected by the COVID-19 epidemic, domestic economic construction and development basically stopped in the first quarter, and a large number of industries experienced negative growth. With the control of domestic epidemic, the outbreak of foreign epidemic has caused a serious impact on the export trade industry. Economic development must be transformed into an internal circular economy, relying on the huge domestic market scale to boost the economy. First of all, it is necessary to ensure that the industries that have been hit hard can be stabilized, relevant enterprises can survive, and employment, production and profitability can be carried out in an orderly manner. The government needs to provide corresponding policies and subsidies to support small and micro enterprises to tide over the difficulties. This can be seen from the live broadcast of CCTV in Wuhan. It is necessary for all departments to actively participate in the use of emerging channels to contribute to post-disaster reconstruction.
Affected by the epidemic, people's desire for consumption will be reduced, and everyone will choose to stay at home and save money. Low consumption desire will make it difficult to significantly promote the internal circular economy. Therefore, the government and enterprises should give subsidies. For example, issuing coupons can effectively stimulate everyone's consumption, and tourists can introduce a free ticket policy to encourage everyone to travel and spend money. Major e-commerce platforms should also work closely with relevant manufacturers to encourage consumers to buy in buy buy and stimulate the economic cycle. In short, the premise of stimulating consumption must be to benefit consumers and realize marketing innovation by combining some new channels, so as to expand consumer groups and increase consumption.
On the other hand, the internal circular economy needs the self-innovation of various industries, especially the industrial sector needs to speed up the transformation and construction, and the industrial structure needs to be improved. Only when the quality and brand are trusted by consumers can domestic products make consumers want to buy them, such as the automobile industry. Domestic manufacturers should take this opportunity to revitalize national brands!