Well I know plenty of my friends lives are essentially destroyed as their businesses are shut down and unable to open. They still have to give out salaries and so two people I know are bleeding about 600,000-1,000,000 yuan per month and, well, the damage is already done. And this is Shanghai. I can't imagine how bad it is for those in Hubei and other heavily affected areas but I wouldn't think it was good.

There will, like in the Mao era, be stimulus packages for the more essential businesses but I'm sure innumerable amounts will be left to vanish into bankruptcy... if that hasn't already happened