The Chinese University of Hong Kong-Tsinghua University Joint Research Center for Chinese Economy 清華大學-香港中文大學中國經濟聯合研究中心 - COVID-19 Thematic Report No.2: Economic Effects of Lockdown in China The Chinese University of Hong Kong-Tsinghua University <br/>Joint Research Center for Chinese Economy 清華大學-香港中文大學中國經濟聯合研究中心
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COVID-19 Thematic Report No.2: Economic Effects of Lockdown in China
Qin Chen, Zhiguo He, Chang-Tai Hsieh, Zheng (Michael) Song

On January 23 2020, the Chinese government locked down the city of Wuhan (Hubei Province). In subsequent days, similar measures were taken in other cities in Hubei and throughout China. This letter documents several facts of Chinese economy since the lockdown. The main findings are summarized as follows.

(1) The impacts of the lockdown on various economic activities, from flows of people and goods to aggregate output, were immediate and dramatic.
(2) Flows of people and goods outside 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.
(3) The size and structure of consumption expenditure also experienced substantial adjustments.

701
0032
COVID-19 Thematic Report No.2: Economic Effects of Lockdown in China
Qin Chen, Zhiguo He, Chang-Tai Hsieh, Zheng (Michael) Song

On January 23 2020, the Chinese government locked down the city of Wuhan (Hubei Province). In subsequent days, similar measures were taken in other cities in Hubei and throughout China. This letter documents several facts of Chinese economy since the lockdown. The main findings are summarized as follows.

(1) The impacts of the lockdown on various economic activities, from flows of people and goods to aggregate output, were immediate and dramatic.
(2) Flows of people and goods outside 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.
(3) The size and structure of consumption expenditure also experienced substantial adjustments.

701