By Cai Fang

East Asia Forum-Feb 21

The ongoing coronavirus epidemic has hit the Chinese economy dramatically because the major measure that countries have taken to contain its spread is to block the movement of people. This reduces labor migration, household consumption, travel and tourism, and operation of shops and factories. But it is likely to generate negative economic impacts only for one or two quarters and not the whole year.

Read more at: https://www.eastasiaforum.org/2020/02/21/coronavirus-epidemic-just-a-bump-in-the-road-for-china/