I think it's the opposite. Chinas economy was quickly back to normal in 2020 while other countries suffered. But it's going to be costly this time, for little return.
I think it's probably a better idea to give the populous assurances and demonstrate that outbreaks are contained, so that the populous return after the lockdown with confidence to go out and resume economic activity.
Apparently the data is only applicable for England, which has already achieved herd immunity