Apr 13, 2022 06:31 PM

Large-Scale Lockdowns Could Take a Heavy Toll on China’s Economy, Study Says

Shanghai’s central business district on March 12. Photo: VCG
Shanghai’s central business district on March 12. Photo: VCG

More large-scale Covid lockdowns in China could cause heavy economic losses, five economists from Chinese and U.S. universities have said in a recent paper.

Using real-time truck flow data within the country to measure the impact of lockdowns, the authors estimated that if the four largest cities — Beijing, Guangzhou, Shanghai and Shenzhen — underwent a full one-month lockdown, the country’s real GDP, or inflation-adjusted GDP, could fall 8.6% during that period, according to the paper published on April 3.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin-Sinica Business Brief: China Resumes Issuing Visas to Foreigners