DOI: 10.36347/sjpms.2021.v08i08.001

Pages: 130-132

As one of the first countries to break out of the new crown pneumonia epidemic, although China has succeeded in controlling the epidemic with a national effort, the impact of the epidemic on China's economy and residents' consumption levels cannot be ignored. This article uses a gray model to study the impact of the new crown epidemic on China's economy and residents' consumption level in 2020. The results show that the new crown pneumonia has brought varying degrees of impact on China's economy and residents' consumption level, exposing some areas of economic and social development. Existing shortcomings. Moreover, the impact of the new crown epidemic on the consumption level of Chinese residents is four percentage points greater than that of the Chinese economy. China should pay more attention to social development.