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Beijing shows how coronavirus’ impact on the economy can be contained

The coronavirus resurgence and subsequent partial lockdown in Beijing has clearly brought further uncertainties to China’s growth outlook. However, there are new dynamics this time, which might help us better figure out Covid-19’s influence on society and the economy in the future. First, Beijing’s subway passenger data offers a sense of the impact of the virus and lockdown. Since Beijing reported the first of a new wave of local cases on June 11, its subway passenger volume has experienced a…

Read the original article at South China Morning Post

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