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Cost of China’s New Covid Wave ’10 Times Wuhan’ – SCMP

Economic damage from China’s current coronavirus outbreak could be more than 10 times the impact from the initial outbreak in Wuhan in 2020, the SCMP said, citing a local economist


Analysts warned on Thursday that China's Covid policy change could spur 'significant fatalities' .
Rising Covid cases area creating strains for citizens as well as policymakers in affected cities across China. This image shows government personnel in Shanghai wearing special suits to stop them getting the virus. File photo: AFP.

 

The economic damage caused by China’s current coronavirus outbreak could be more than 10 times the impact from the initial outbreak in Wuhan in early 2020, the South China Morning Post reported, citing a local economist.

Lockdowns in Shanghai and other cities have affected 160 million people this year in areas with a combined economic output of 18 trillion yuan ($2.68 trillion), Xu Jianguo of Peking University’s National School of Development, was quoted as saying. That far exceeds the Wuhan outbreak that affected 13 million people in a 1.7 trillion yuan regional economy, the report said.

Read the full report: SCMP.

 

 

ALSO on AF:

 

In Numbers: The Economic Impact of Shanghai Covid Lockdowns

 

Shanghai in Lockdown Purgatory as Asia Neighbours Ease Curbs

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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