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China’s Economic Fight Against the Coronavirus

Summary:
There is no doubt that China will win the battle against the coronavirus. In the meantime, however, policymakers must take steps to ensure that the economy functions as normally as possible – without compromising efforts to contain the outbreak – and can bounce back quickly once the crisis is over. BEIJING – The coronavirus outbreak that began in the Chinese city of Wuhan has spread across the country and beyond its borders, leaving governments at all levels in China scrambling to limit further person-to-person transmission of the virus, now known as COVID-19. Wuhan, with a population of 11 million, is under lockdown. Many provinces have postponed the resumption of work at non-essential enterprises following the Chinese New Year

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There is no doubt that China will win the battle against the coronavirus. In the meantime, however, policymakers must take steps to ensure that the economy functions as normally as possible – without compromising efforts to contain the outbreak – and can bounce back quickly once the crisis is over.

BEIJING – The coronavirus outbreak that began in the Chinese city of Wuhan has spread across the country and beyond its borders, leaving governments at all levels in China scrambling to limit further person-to-person transmission of the virus, now known as COVID-19. Wuhan, with a population of 11 million, is under lockdown. Many provinces have postponed the resumption of work at non-essential enterprises following the Chinese New Year holiday, with residents instead staying indoors in barricaded neighborhoods. Much inter-city and inter-provincial transportation has been halted. And some local governments have even established illegal checkpoints to prevent vehicles carrying industrial products and materials from entering areas under their jurisdiction that contain factories.

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