Just when we thought that China had banished corona from it’s land suddenly new cases began to pop up at record pace, and now the health experts believe that it could be a second potential wave of Coronavirus in China. At this stage China will once again be forced to go into lockdown, and do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?.
Source:
https://www.dailystar.co.uk/news/latest-news/china-coronavirus-cases-hit-highest-21857013If this new wave persist for long time and China undergoes a total lockdown, apparently this will have a major negative impact on the economy of China. Companies, businesses, firms etc will be closed, production rate will reduced, foreign exchange will go down and the cumulative effect of all these will have a detrimental effect on China's economy.