Coronavirus-driven disruptions to economic activity, including citywide lockdowns and transport restrictions, are weighing on China’s GDP growth. Photo: EPA-EFE
Coronavirus-driven disruptions to economic activity, including citywide lockdowns and transport restrictions, are weighing on China’s GDP growth. Photo: EPA-EFE

Coronavirus: economic toll of China’s latest outbreak ‘10 times more severe’ than Wuhan in 2020

  • Coronavirus-driven disruptions have affected 160 million people this year in cities with a total economic output of 18 trillion yuan (US$2.68 trillion), a top economist says
  • It is challenging for China to reach its economic growth target of ‘around 5.5 per cent’ for 2022, or even match the 2.3 per cent figure of 2020, Xu Jianguo says