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

Shiloh

Editor, Senior Moderator
Source: https://www.scmp.com/economy/china-...economic-toll-chinas-latest-outbreak-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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