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Caixin

In Depth: Chinese economy ravaged by spread of coronavirus

Business activity slows to a crawl as outbreak shows no signs of retreat

China’s transportation ministry has estimated that in the 10 days through Feb. 2, people in China took traveled 73% less than over the same period last year. (Photo by Ye Xueming/Caixin)

More than just a health crisis, the new coronavirus epidemic has also proven to be a big headache for the country's real economy.

Although the first cases of the coronavirus were reported at the end of December, it did not get taken seriously until at least Jan. 20, when the government confirmed it could be transmitted from person to person.

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