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

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

    Source: https://www.scmp.com/economy/china-e...break-10-times

    Coronavirus: economic toll of China’s latest outbreak ‘10 times more severe’ than Wuhan in 2020
    Coronavirus-driven disruptions to economic activity have affected 160 million people this year and cost 18 trillion yuan (US$2.68 trillion), according to a top economist
    It is questionable whether China can 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
    Orange Wang
    Published: 6:00pm, 10 May, 2022
    Updated: 6:00pm, 10 May, 2022

    The economic impact of China’s latest coronavirus outbreak is more than 10 times that of the initial wave in Wuhan in 2020, a top economist has warned, underscoring growing concern about the toll of the government’s zero-Covid policy...

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