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.
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