The Economic Cost of Lock Down in China

The number of confirmed cases in china remains low compared with other countries. The impact on freight traffic is vastly different when a city undergoes a full lockdown versus that of a partial lock down. If the four most important economic centres are shut down for one month, at the same time, their real income in that month will decrease by 61%. That translates into a one % decline in annual g d p. Chinese exports will face greater competition.