We always follow the lead set by the USA.
Spencer has a good point and for me it is the economic damage caused by the lockdown. That said China has no problem with the government borrowing money and pumping it into their economy which in turn increases investment in their industries.
After years of rebalancing the books with austerity why not take some of Jeremy Corbyn's suggestions and pump money into the economy through public borrowing? Follow Keynesian theory rather than monetarist?
My feeling is that the lockdown will be eased Mid May but social distancing will continue for some time. So pubs / restaurants along with sporting events may see the restrictions eased later possibly late July when this is more in control.
China is a one-party dictatorship, run by the gangsters of the Chinese Communist Party. They control pretty much everything that goes on there, and if they want to print more cash to stick into their economy, they're answerable to no-one else.
As regards the UK, we're already horrendously in debt, as a nation. The national debt is something like 87 per cent of GDP and some are predicting that this current situation will mean that the debt could exceed 100 per cent of GDP. We are then technically bankrupt.
As regards the lockdown, my view is that this needs to be looked at piecemeal. I live in a semi-rural location where incidence of infections is low, and there's no real reason why the schools can't re-open and businesses and industries that can handle social distancing shouldn't get going again. Kids may well be unknowing virus-carriers, but even if they are infected, they tend to have a low viral load, and if they infect younger parents and teachers, the impact is likely to be low, and we have the beginnings of so-called herd immunity.
A turn-the-switch-back-on-again strategy won't work. It needs to be managed. County by county, industry by industry, age by age. And at the same time, concentrating on keeping the old folks and vulnerable people safe.