Sequoia Capital recently described the coronavirus (Covid-19) pandemic as the “black swan” of 2020 and the world should brace ourselves for turbulence and be prepared for the scenarios that could play out. Indeed, drastic actions were taken in China to prevent the virus from spreading.
Neighborhoods across the nation were locked down, allowing residents to come out only once every two or three days. The beginning of the spring school semester in mid-February was delayed and students are still studying from home. Many businesses, from tech companies to local restaurants and shops, were temporarily shut down, with employees working from home or taking a long break.
The coronavirus has caused, and will continue to cause, havoc on the economy. The World Bank warned this week that China's economy might not grow at all in 2020, for the first time in 44 years. Meanwhile, the massive lockdown is like a nationwide social experiment, as people are forced to switch activities