This report is routinely updated and contains everything businesses need to know about the economic impact of the Coronavirus in China. It is a collection of research from many respected firms and organizations combined with our own careful analysis.<\/strong><\/p>\n\n\n\n [Source: Coronavirus China Economic Impact report by daxue consulting, the\ntimeline of the COVID-19 outbreak in China, from December \u201919 to February \u201920.]<\/p>\n\n\n\n Coronaviruses are common causes of respiratory infections. They have\npreviously been implicated in viral outbreaks, including SARS-CoV and MERS-CoV,\nbut are also responsible for some common colds. From the perspective of virus\nevolution, COVID-2019 is more advanced type than its two predecessors. It has\nnever been found in humans before. <\/p>\n\n\n\n The 2020 Spring\nFestival migration started on January 10 and ended on February 18. The\nestimated number of people who have had contact with confirmed cases gradually\nincreased at beginning of the Lunar\nnew year<\/a> and stabilized until the end of it. That\u2019s because flow of people\nparticipating in the Spring Festival Transport is very large, which makes the\nchance of cross infection increase and directly lead to the peak of the\nepidemic. Government restrictions on the flow of people helped to reduce the\nspread of the virus by decreasing contact and increasing physical distance\nbetween those who have COVID-19 and those who do not. However, within China,\nthe confirmed cases have flattened since February\n13. <\/p>\n\n\n\n [Data Source: National Health Commission of the People\u2019s Republic of\nChina, Coronavirus China Economic Impact report, daxue consulting. The number\nof new cases in China has flattened out in mid-February.]<\/p>\n\n\n\n As of early March, the\nnumber of infections in China continues to decline, with the exception of Hubei,\nthe infection in all regions seems to be controlled. As long as no new infections\nappear during the duration of a full incubation period, then the epidemic can be\nconsidered to be officially over. Currently, the rate of infection is minimized\nby the quarantine efforts and shutting down of workplaces and public places. <\/p>\n\n\n\n [Data Source: China84000.com, Coronavirus China Economic Impact report by daxue consulting, expected\nend of epidemic by province.]<\/p>\n\n\n\n According to chief economist from Zhongtai\nSecurities and Donghyun Park from Asian Development Bank, the coronavirus economic impact in\nChina is expected to be between 1.5% and 2% in terms of GDP growth,\nwhich will not change the long-term trend of China’s economy. The epidemic has\na large impact on the economic growth rate in the first quarter, or negatively\naffects the GDP growth rate of about 2%-3%. However, as the virus continues to spread\nglobally, there will be many more factors to include in the coronavirus economic\nimpact on China including global demand of Chinese goods and commodities. The largest economic impact comes from the service sector, especially the\ncatering, transportation, hotel, tourism, and accommodation industries.<\/p>\n\n\n\n The huge outbreak in Hubei province contributed a lot to coronavirus economic\nimpact in China, as it is the most developed province in the central region of\nChina with 3.9<\/a> trillion RMB GDP in 2018. Hubei has a large number of industrial\nclusters in R&D and manufacturing, such as automobile and electronics. <\/p>\n\n\n\n [Source: Finance.EastMoney.com, Coronavirus China\nEconomic Impact report by daxue consulting, the top ten industries of Hubei\nprovince]<\/p>\n\n\n\n According to government work report of Wuhan in\n2019, electronic information, bio-technology and new medical and medical\nappliance, and the automobile\nindustry<\/a> are the three pillars of the manufacturing industry. <\/p>\n\n\n\n Hubei province is an important part of the\nglobal supply chain. It accounts for 9% of total Chinese auto production.\nGerman engineering firm Bosch, the world\u2019s largest auto component manufacturer,\nhas dozens of factories in China 2<\/a> of them are in Wuhan<\/a>. Hubei also plays\na significant role in the global supply chain of critical electronics\ncomponents. The province is the production base of Taiwan\u2019s PCB factories, including\nTaiwan Optoelectronics, Xinxing, Jianding, Nanzi Electric, and Dingying. Industry insiders pointed out that PCB<\/a> is the \u201cmother of the electronics\nindustry\u201d and is an indispensable key component of all electronic products. If\nthe PCB factory in Taiwan and the Hubei factory are obstructed, it will affect\nthe global electronics industry. <\/p>\n\n\n\n Hubei contributes much to the progress of the\nchemical industry. It is the largest province of chemical fertilizer in China,\nits output has reached to 596.56<\/a> tons in the first three quarters of 2019, which increased 19% compared\nto last year. Hubei has\na high production capacity of sub industries including the phosphorus chemical\nindustry, pesticide industry, and the\nvitamin industry<\/a>. <\/p>\n\n\n\n Coronavirus impact on\nsupply chain in China can be also seen in some industries in Hubei. <\/p>\n\n\n\n After Wuhan postponed\nproduction of electronics, China\u2019s supply chain of critical electronics\ncomponents is facing a catastrophic disruption.\nAbout 70% of the world\u2019s smartphones has been affected. According to Strategy\nAnalytics, overall shipments of phones will reduce by 2% in 2020,\nsome consultants believe that COVID-19 will cause demand side decrease.\nBesides, the first quarter is normally off-season of China\u2018s semiconductor<\/a> industry, COVID-19 may further dampen the\nsales of semiconductors.<\/p>\n\n\n\n China auto sales fell 2.8%<\/a> in 2019 amidst global trade tensions, the\nfirst decline in nearly two decades, which also affect Hubei auto sales because\nHubei province account for 9% of total Chinese auto production. Global\nautomakers forecasted further sales decline in 2020, prior to knowledge of the\ncoronavirus outbreak. <\/p>\n\n\n\n [Source: Qimai, China Coronavirus Economic Impact report\nby daxue consulting, online activity\nduring the Coronavirus outbreak]<\/p>\n\n\n\n Due to the coronavirus\nepidemic, Chinese daily life goes online. For example, gaming industry\nexperienced an unprecedented growth. While the Chinese mobile gaming industry\nis stimulated by the coronavirus, the development of 5G is expected to\naccentuate the trend and support the growth of the industry. <\/p>\n\n\n\n Coronavirus economic impact in China is also observed in short video platforms sphere<\/a>. Between January 20 and February 2, 574 accounts on the short video platforms Douyin and Kuaishou each gained between 100k-500k new followers. The Coronavirus is accelerating the shift towards live-streaming<\/a>, which already exploded in 2018, with a 745%<\/a> growth year on year, thanks to improved connectivity and video maturity. The short video sector recorded 569 million daily active users in the post-holiday period, far exceeding 492 million on a regular daily basis.<\/p>\n\n\n\n During the Chinese New\nYear in 2020, people were likely to purchase medical products, hygiene products\nand food online. To support the new growing online demand, more than\n35,000 jobs were created across China from the following online retailers:\nHema, Suning Xiaodian, Meicai, JD Logistics, JD daojia, and Dada.<\/p>\n\n\n\n [Source: Fanli.com, JDbigdata, cnn, App Annie, e-commerce sales of necessities rose during\nthe Coronavirus outbreak in China]<\/p>\n\n\n\n Most companies have\nset-up remote work policies to avoid contamination at work. Hence, Enterprise\nCollaboration Apps facilitated remote working for 200 million<\/a> Chinese workers after the Chinese New Year. To\nkeep in touch, they use apps produced by two China\u2019s online-giants: Alibaba and\nTencent. During the outbreak, Alibaba’s Ding Talk skyrocketed to the very top\nof the App Store in a few days while Tencent Meeting and WeChat Work are in the\nsecond and fifth position, respectively.<\/p>\n\n\n\n [Data Source: Forward-The Economist\uff0cApp Annie, Qimai, Coronavirus China Economic Impact report by daxue consulting, downloads of Dingtalk and Tencent Meeting apps rise.]<\/p>\n\n\n\n The Coronavirus\noutbreak does not stop Chinese students from studying. Universities across the country organize online\nlectures to ensure the safety of their students. They rely on QQ, a Tencent\nstreaming platform to carry out online teaching. The downloads of some education\napps<\/a> such as Tencent\nClassroom, and China\nUniversity Mooc<\/a> experience a significant increase. However,\nunlike fitness and co-working apps, the online education peak during the\ncoronavirus may not last after the epidemic, with the return of students back\nto school. <\/p>\n\n\n\n [Data Source:\nQimai, Coronavirus\nChina Economic Impact report by daxue consulting, students continue studies\nonline during Coronavirus outbreak]<\/p>\n\n\n\n The damage to the\nChinese tourism industry because of outbreak is equivalent to a loss of 1\ntrillion RMB GDP. Many travel enterprises estimated the ongoing shutdown costs\nthe industry about \u00a517.8<\/a> billion every day. <\/p>\n\n\n\n [Data Source:\nTai Media APP, Sina Finance, Coronavirus China Economic Impact report by daxue\nconsulting, the actual number of domestic trips during CNY 2020 is less than\none third of the forecasted amount.]<\/p>\n\n\n\n Only 2%<\/a> Chinese tourism related companies felt that\nthey had not been significantly affected after the COVID-19 outbreak.\nCoronavirus impact on tourism in China especially visible among travel agents,\nhotels, and retailers (related to tourism), as they badly need sales revenue\nduring the epidemic. <\/p>\n\n\n\n [Data Source:\nSohu Finance, Coronavirus China Economic Impact\nreport by daxue consulting]<\/p>\n\n\n\n Chinese tourists\ncontribute to the tourism industry in many countries. For instance, in 2018,\nChinese tourists represent more than 70%<\/a> total tourism in Hong Kong and Macao,\nsimilarly, more than 25% total tourism in Thailand, Japan, Vietnam and Korea.\nThe impact on the economies of these countries will be catastrophic, if the coronavirus\noutbreak lasts for three to six months. <\/p>\n\n\n\n [Source: Press reports; McKinsey Global\nInstitute; Pengpai News, Coronavirus China Economic Impact report by daxue consulting]<\/p>\n\n\n\n Coronavirus impact on\ntourism in China opened the opportunities for new online approach in this\nsphere. During the COVID-19 outbreak, many scenic areas and museums used\nlive-stream to increase exposure and attract tourists, which attracted a lot of\ntraffic. Even after the outbreak, the live-stream still can be watched by\nelderly and people with disabilities, it also can be used as a preview before\ntravel. <\/p>\n\n\n\n [Source: TravelDaily, Coronavirus China Economic\nImpact report by daxue consulting]<\/p>\n\n\n\n Although many restaurants in China strengthened their delivery safety<\/a> during the outbreak in China, food delivery alone is not enough to keep their profits in the positive. The Chinese New Year is usually a hot season for the F&B industry, the total revenue of Chinese restaurants in 2019 CNY has reached 724.1<\/a> billion RMB (occupied 15.5% of the whole revenue in 2019). Because of the Coronavirus outbreak, large catering brands have to reduce expense to balance their finance, such as permanently shut down some offline stores and redundancies. Many small restaurants are facing with the risk of bankrupt, since they have very fragile anti-risk capability. Many Chinese restaurants (around 62%) could not get rent reduction and they still need purchase epidemic prevention products, such as protective facemasks<\/a> and thermometers. <\/p>\n\n\n\n [Data Source:\nWorld Federation of Chinese Catering Industry, Coronavirus China Economic Impact report by\ndaxue consulting]<\/p>\n\n\n\n Currently, many restaurants\ntry to focus on delivery to get some profits, but actually revenue of online\nfood delivery business is much less their normal business. <\/p>\n\n\n\n [Data source:\nWorld Federation of Chinese Catering Industry, Coronavirus China Economic Impact report by\ndaxue consulting]<\/p>\n\n\n\n In order to manage the losses, some restaurants\nsell food materials to consumers and communities at low price and provide free\nfood to medical staff and government units in epidemic areas. From 1st<\/sup>\nFebruary 2020, many restaurants temporarily lend employees to Hema (\u76d2\u9a6c\u9c9c\u751f) which relieved their labor costs. At the same\ntime, KFC launched a contactless delivery service on food ordering platforms,\nsuch as Meituan (\u7f8e\u56e2). Because of a lack of funds, some restaurants tried to seek\ninvestments and loans. For instance, Pudong bank offered 120 million RMB loans\nto Xibei (\u897f\u8d1d) restaurant. The large food ordering platform Meituan (\u7f8e\u56e2) worked with banks to finance some\nrestaurants.<\/p>\n\n\n\n Most Chinese manufacturing slowly started\nresuming operations at the end of February, but the delays could have a\ndevastating impact on the global supply chain. For most companies, the inventory in stock\nwill is enough to keep up with demand for two to five weeks. Shipping by sea to\neither the U.S. or Europe can take around 30 days. This implies that if Chinese\nplants stopped manufacturing prior to the beginning of the Chinese holiday on\nJanuary 25, the last of their shipments arrived the last week of February. If lead\ntime from China is shorter than 30 days<\/a>, the disruption occurs earlier. This is\nalready the case with Hyundai which announced on February 14th<\/sup> the\nsuspension of its production lines from its plants in Korea.<\/p>\n\n\n\n [Source: Harvard Business Review, Coronavirus China Economic\nImpact report by daxue consulting. COVID-19\u2019s impact on supply chains will last\nfar beyond the end of the epidemic.]<\/p>\n\n\n\n Assessing the coronavirus\nimpact on supply chain in China, the electronics industry<\/a> seems to be more affected. Intermediate\nproducts, which produced in China, are deeply integrated in the global\ntechnology supply chain<\/a>. <\/p>\n\n\n\n [Data Source:\nMcKinsey,\nCoronavirus COVID-19, Facts\nand Insights report<\/a>]<\/p>\n\n\n\n Operations are\nconcentrated near the affected areas (~290 of about 800 plants named in Apple\u2019s\nglobal supplier list are located in regions that have delayed returning to\nwork). Overall, 84% of manufacturers are concerned about delays related to the\noutbreak. As the components are often heavily customized, it is\nchallenging for factories to relocate outside of China in the short term. <\/p>\n\n\n\n [Data Source:\nIPC Coronavirus 2020 Report<\/a>]<\/p>\n\n\n\n As Chinese government\nshut down Wuhan and delayed the returning to work, many factories have to face\nthe huge losses, limited supply chain and insufficient raw materials. Labor-intensive\nmanufacturers<\/a> (such as textile, clothing and plastic products) are\nsignificantly impacted, small and medium-size factories are worst-hit areas. <\/p>\n\n\n\n [Source: NBS, Morgan Stanley Research, impact of COVID-19\non manufacturing in China]<\/p>\n\n\n\n According to Morgan\nStanley\u2019s report in mid-February, Chinese production had only reached 30% to 50%<\/a> percent of the usual levels. However, health\nand medicine related products have a huge demand during the COVID-19 outbreak.<\/p>\n\n\n\n After the COVID-19\noutbreak, the\ndemand of masks has risen rapidly<\/a>. Although many companies have started\ncross-border production, the shortage of raw materials could not be resolved in\nthe short term. China contributes 50%<\/a> of global mask production. Mask related\nmanufacturers will benefit during the period, however most believe that it is a\nshort-term demand. Expanding production would result in oversupply after the\noutbreak recession. <\/p>\n\n\n\n The week after 9th<\/sup><\/a> February is the time for migrant workers to\nreturn to work, small and medium-sized enterprises need to resume production to\nboost cash flow. <\/p>\n\n\n\n [Source: SinaFinance, Coronavirus China Economic Impact report by daxue consulting. Chinese are returning to work in late February 2020.]<\/p>\n\n\n\n Although epidemic outbreak is a black swan event\nin the manufacturing industry, it is likely that COVID-19 China economic impact\nwill be positive. For example, it will promote manufacturing enterprises to\nstrengthen the management of employees\u2019 health and safety<\/a>. The leaders of manufacturing companies will\npay more attention to intelligent manufacturing. Due to online working, manufacturing\nenterprises will demand software such as task management, project management,\nand workflow management for remote collaboration. The Coronavirus economic impact in China will also be seen in science\nindustry and smart technologies industry. <\/p>\n\n\n\n After a slowdown in\n2016, China\u2019s\nimports and exports<\/a> grew despite the trade war. Due to manufacturing and\nsupply chain shortages during the epidemic, this growth rate is expected to\nslow down. A rebound in export activities may take place in April<\/a>, while import activities would slow down until July. China\u2019s top\ntrading partners will suffer from the impact of the coronavirus on the main\nChinese export products such as computers, broadcasting equipment, integrated\ncircuits, and smartphones. <\/p>\n\n\n\n [Source: World top exports, Trading economics]<\/p>\n\n\n\n Coronavirus impact on\nsupply chain in China is expressed in slowing shipments across the country,\nmaking transport routes congested. Currently, overall trucking supply resumed\noperation at around 60%<\/a> and is a bit higher in the Southern areas of\nChina. Overall intercontinental rail capacity has recovered to 60%.<\/p>\n\n\n\n [Source: McKinsey, steps to improve supply chain during the Coronavirus\noutbreak]<\/p>\n\n\n\n Production stop, isolation of staff and transportation\nrestriction were a consequence of coronavirus China\neconomic impact. Policy support and costs reduction are desperately needed. The Chinese local governments released some polices<\/a> to relieve this situation, such as financial\nsupport of small businesses, flexible employment policies, social insurance,\nrent subsidy and tax concessions.<\/p>\n\n\n\n During the epidemic,\nboth the number of users and the time spent online had a dramatic increase. The\ntotal mobile Internet traffic increased by 36.4%<\/a> compared with 2019 CNY. The number of daily active mobile shoppers grew\nby 14.6% during the 2020 CNY compared with 2019 CNY. In the meantime, some\ntraditionally offline industries have turned to e-commerce to relieve losses.<\/p>\n\n\n\n [Data source: Quest Mobile. Coronavirus China Economic Impact report by\ndaxue consulting, average daily internet use rises during the outbreak.]<\/p>\n\n\n\n COVID-19 is a downturn to the global luxury market<\/a>. In\nShanghai, Beijing, Shenzhen, Guangzhou and Wuhan, the passenger flow in large\nshopping malls and luxury\nbrands<\/a> stores declined more than 80% during the 2020 CNY. Also, due to the COVID-19, most Chinese\nconsumers are more focus on healthy and rational consumption, many luxury\nproducts buyers plan to spend less on luxury goods, more on medical products and necessities. When COVID-19 is\nunder control, this trend may still continue so long as the economy is impacted and until consumer confidence returns. <\/p>\n\n\n\n [Source:\nMcKinsey Global Institute, Barrons, Shanghai Jiao Tong University]<\/p>\n\n\n\n During the epidemic, more than 20 provinces\u2019 governments worked with technology companies to build \u201cepidemic prevention system\u201d. The reports helped to see related data, epidemic feedback, quickly find and isolate suspected cases. The cooperation between government and big data<\/a> platforms is promoting the practical application of big data<\/a> in public crisis management<\/a> and driving more technology innovation. Along with the development of the epidemic, more Chinese people are getting used to using big data tools in their daily lives, which speed up the process of digital life. <\/p>\n\n\n\n The\nepidemic promoted the actual use of artificial\nintelligence<\/a> products in medical and public\nsafety<\/a> areas. For example, in order to\nimprove the efficiency of the diagnosis for COVID-19, Beijing Haidian hospital\nis using an AI<\/a> assisted diagnosis system that can process 300 chest X-ray in 10\nseconds. Many consumers fear the coronavirus cast a shadow over the food delivery industry<\/a>. Therefore,\nJD launched autonomous delivery robots to reduce human-to-human contact\nduring the Coronavirus outbreak. Besides, AI medical robots have started to\nwork in Wuhan\u2019s hospitals, they help doctors and nurses with disinfection,\ncleaning and delivering medicine.<\/p>\n\n\n\n Due to the COVID-19 outbreak, most Chinese people have\nto stay at home, real estate<\/a>\ntransactions are almost completely frozen. However, financial assets<\/a> are not\nlimited by places, the bond market has been very active since the Chinese New\nYear. The Chinese people have more time to invest bank financing products and\nbonds. Besides, growing savings may increase the demand for investments with\nstable income, such as bank financing and bond funds. <\/p>\n\n\n\n
\n\n\n\nOverview of COVID-19 spread in China<\/h2>\n\n\n\n
![\"COVID-19](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_Coronavirus-Spread-in-China-800x364.png\")
<\/figure><\/div>\n\n\n\nHow COVID-19 starting during the Lunar new year affected\nspread<\/h3>\n\n\n\n
![\"Cumulative](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_Coronavirus-cumalitive-confirmed-cases-in-China-800x403.png\")
<\/figure><\/div>\n\n\n\nHow long will the coronavirus last in China?<\/h3>\n\n\n\n
![\"When](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Coronavirus-predicted-ending-date-by-province.png\")
<\/figure><\/div>\n\n\n\nWhat is the Coronavirus economic impact in\nChina <\/h2>\n\n\n\n
Do we need to worry about the impact\nof coronavirus on GDP?<\/h3>\n\n\n\n
Up close on the economies of Wuhan & Hubei<\/h3>\n\n\n\n
![\"What](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_ten-main-industries-in-Hubei.png\")
<\/figure><\/div>\n\n\n\nCOVID-19 affects industries in Hubei<\/h2>\n\n\n\n
Electronics industry <\/h3>\n\n\n\n
Automotive industry<\/h3>\n\n\n\n
COVID-19 China economic impact: online\nindustry growing<\/h2>\n\n\n\n
![\"Online](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_online-activity-during-the-COVID-19-outbreak.png\")
<\/figure><\/div>\n\n\n\nE-commerce\npurchases during the Coronavirus outbreak in China<\/h3>\n\n\n\n
![\"e-Commerce](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_e-commerce-purchases-during-COVID19-outbreak-in-China-800x233.png\")
<\/figure><\/div>\n\n\n\nStudying and working go online during\ncoronavirus outbreak<\/h3>\n\n\n\n
![\"Downloads](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_downloads-of-remote-work-apps-during-COVID19-outbreak-in-China-800x400.png\")
<\/figure><\/div>\n\n\n\n![\"Downloads](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_downloads-of-school-apps-during-COVID19-outbreak-in-China-800x335.png\")
<\/figure><\/div>\n\n\n\nCoronavirus impact on tourism in\nChina <\/h2>\n\n\n\n
![\"Coronavirus](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_domestic-tourism-during-the-COVID19-outbreak-in-China.png\")
<\/figure><\/div>\n\n\n\n![\"COVID-19](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_tourism-forcasts-1-800x267.png\")
<\/figure><\/div>\n\n\n\n![\"COVID-19](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_tourism-impact-800x401.png\")
<\/figure><\/div>\n\n\n\nShort-term and long-term coronavirus\nimpact on tourism in China<\/h3>\n\n\n\n
![\"Long](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_long-term-tourism-impact-of-COVID19-800x394.png\")
<\/figure><\/div>\n\n\n\nCoronavirus impact on the food and beverages industry<\/h2>\n\n\n\n
![\"Difficulties](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_difficulties-in-restuarant-industry-during-COVID19-outbreak-in-China-1-800x405.png\")
<\/figure><\/div>\n\n\n\n![\"How](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_revenue-of-take-out-businesses-during-COVID19-outbreak-in-China.png\")
<\/figure><\/div>\n\n\n\nCoronavirus impact on supply chain in\nChina: what businesses can expect <\/h2>\n\n\n\n
How Coronavirus will impact the\nGlobal Supply Chain by Mid-March<\/h3>\n\n\n\n
![\"Long](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_long-term-impact-supply-chain-800x272.png\")
<\/figure><\/div>\n\n\n\n![\"Most](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_most-impacted-sectors-of-the-global-supply-chain-COVID19-800x410.png\")
<\/figure><\/div>\n\n\n\n![\"Manufacturers](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_COVID19-impact-on-global-supply-chain.png\")
<\/figure><\/div>\n\n\n\nCOVID-19 economic impact on Chinese manufacturing <\/h2>\n\n\n\n
![\"Coronavirus](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_COVID19-impact-on-manufacturing-in-China-800x372.png\")
<\/figure><\/div>\n\n\n\nMask manufacturing demand<\/h3>\n\n\n\n
China is getting back to work<\/h3>\n\n\n\n
![\"Ratio](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_rate-of-Chinese-returning-to-work-after-COVID19.png\")
<\/figure><\/div>\n\n\n\nManufacturing learning points from\nCOVID-19<\/h3>\n\n\n\n
Coronavirus economic impact in China:\nwhat should exporters to China know<\/h2>\n\n\n\n
COVID-19 to impact China\u2019s trading\npartners<\/h3>\n\n\n\n
![\"China's](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_Chinas-top-exports.png\")
<\/figure><\/div>\n\n\n\nHow to improve supply chain during\nthe epidemic<\/h3>\n\n\n\n
![\"How](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_steps-to-improve-supply-chain-during-the-COVID-19-pandemic-800x300.png\")
<\/figure><\/div>\n\n\n\nGovernment response to soften the\nCoronavirus economic impact in China<\/h2>\n\n\n\n
Policy support from the Chinese\ngovernment<\/h3>\n\n\n\n
Long-term economic impact of the Coronavirus in China<\/h2>\n\n\n\n
The epidemic further boosted\ndigitalization<\/h3>\n\n\n\n
![\"Average](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting_Coronavirus-China-Economic-Impact-Report_internet-use-during-the-COVID19-outbreak-in-China-800x399.png\")
<\/figure><\/div>\n\n\n\nCoronavirus\nChina economic impact\non the luxury market<\/h3>\n\n\n\n
![\"Luxury](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting-COVID2019-luxury-market.png\")
<\/figure><\/div>\n\n\n\nCoronavirus\neconomic impact in China: big data innovation <\/h3>\n\n\n\n
![\"COVID-19](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting-COVID2019-big-data.png\")
<\/figure><\/div>\n\n\n\nCoronavirus\neconomic impact in China: AI developments <\/h3>\n\n\n\n
![\"\"](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting-COVID2019-AI.png\")
<\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/daxueconsulting.com\/wp-content\/uploads\/2020\/03\/Daxue-Consulting-COVID2019-robots.png\")
Coronavirus\nChina economic impact: financial\nassets may surpass fixed assets<\/h3>\n\n\n\n