On 9 January 2020, Dr. Zheng Lei reminded at the Zhitong Finance Annual Conference that there is a high probability of a global economic shock from the second half of 2020 to 2021. He pointed out that at the end of the Kangbo period and the transitional period from the beginning of the New Kangbo period, there will be violent fluctuations like previous Kangbo cycles, but we don't know how it will be manifested.

In April 2020, everything will be different.

April is the month when the global epidemic had the biggest impact on the economy. In this "dark moon", the global economy, except for China, will be in a state of basic shutdown or severe slowdown. This shock will directly affect the economic performance of the rest of the year. Some countries may survive the epidemic but detonate the (economic or political) crisis, thus falling into a deep recession.

It is expected that the epidemic situation can basically be controlled by the end of April, and will basically end by the end of June. From April to June, these three months may trigger a debt crisis in some highly indebted countries. Investors need to be vigilant and take necessary precautions.