Fig. A.18.

Impact of the Chinese lockdown on firm-level imports: Diversified and non-diversified firms. Notes: Baseline equation in (1) with the treatment group split into two groups. Treated firms are labeled “diversified” if all their main inputs imported from China are also sourced from elsewhere in the pre-period. Main inputs are products amounting to at least $1\%$ of the firm’s imports in the pre-period. The estimated equation includes firm and period fixed effects. Standard errors are clustered at the firm level. Confidence intervals are defined at 5%