Covid-19: A closer look at how China's businesses and consumer behavior have changed

The lockdown in China has reshaped how people work and live. Some of the changes may be short-term, but others probably have become a part of life

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

To continue reading, please download the full report.

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

small logo

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

By accessing and using and all pages within the domain (the “Website”), You accept and agree to have read, understood, accepted and agreed to be bound by the Terms of Use and Privacy Policy in full. If you disagree with all or any part of these Terms of Use and Privacy Policy, please do not use or continue any further use of this website. You acknowledge that you are aware that this Website contains an archive of existing content as at 31 December 2021 and is not being actively managed. We are under no obligation to update the content on this Website and, accordingly, no new content or articles will be posted to the Website after 31 December 2021.