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Economic Effects of Lockdown in China

In: Impact of COVID-19 on Asian Economies and Policy Responses

Author

Listed:
  • Qin Chen
  • Zhiguo He
  • Chang-Tai Hsieh
  • Zheng (Michael) Song

Abstract

On January 23, 2020, the Chinese government locked down the city of Wuhan (in Hubei Province). In subsequent days, similar measures were taken in other cities in Hubei and throughout China. This chapter documents several facts of the Chinese economy since the lockdown. The main findings are summarized below.The impacts of the lockdown on various economic activities, from flows of people and goods to aggregate output, were immediate and dramatic.Flows of people and goods out of Hubei have recovered to the pre-lockdown period. But daily visits to shopping malls and office buildings remain one third lower than the pre-lockdown level.The size and structure of consumption expenditure also experienced substantial adjustments…

Suggested Citation

  • Qin Chen & Zhiguo He & Chang-Tai Hsieh & Zheng (Michael) Song, 2021. "Economic Effects of Lockdown in China," World Scientific Book Chapters, in: Sumit Agarwal & Zhiguo He & Bernard Yeung (ed.), Impact of COVID-19 on Asian Economies and Policy Responses, chapter 1, pages 3-10, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811229381_0001
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    Cited by:

    1. Sagari R. Ramdas, 2021. "Towards Food Sovereignty: Dismantling the Capitalist Brahminic-Patriarchal Food Farming Regime," Development, Palgrave Macmillan;Society for International Deveopment, vol. 64(3), pages 276-281, December.
    2. Eryarsoy, Enes & Shahmanzari, Masoud & Tanrisever, Fehmi, 2023. "Models for government intervention during a pandemic," European Journal of Operational Research, Elsevier, vol. 304(1), pages 69-83.
    3. Christopher L. Erickson & Peter Norlander, 2022. "How the past of outsourcing and offshoring is the future of post‐pandemic remote work: A typology, a model and a review," Industrial Relations Journal, Wiley Blackwell, vol. 53(1), pages 71-89, January.

    More about this item

    Keywords

    COVID-19; Pandemic; Coronavirus; Lockdowns; Supply Shock; Demand Shock; Financial Distress; Global Value Chain; Global Supply Chains; Public Policy; International Trade; Debt; Post-COVID-19; Liquidity Crisis; International Trade; Policy Response; Policy Uncertainty; Public Health; Big Data; Pandemic Dilemma;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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