Jan 19–Feb 29 Jan 19–Feb 1 Feb 2–Feb 29 (1) (2) (3) (4) (5) (6) OLS IV OLS IV OLS IV Model A: lagged variables are averages over the preceding first and second week separately Average # of new cases, 1-week lag Own city 0.862*** 1.387*** 0.939*** 2.456*** 0.786*** 1.127*** (0.0123) (0.122) (0.102) (0.638) (0.0196) (0.0686) Other cities 0.00266 − 0.0248 0.0889 0.0412 − 0.00316 − 0.0212 wt. = inv. dist. (0.00172) (0.0208) (0.0714) (0.0787) (0.00227) (0.0137) Wuhan − 0.0141 0.0303 − 0.879 − 0.957 − 0.00788 0.0236 wt. = inv. dist. (0.0115) (0.0318) (0.745) (0.955) (0.00782) (0.0200) Wuhan 3.74e-05 0.00151*** 0.00462*** 0.00471*** − 0.00211*** − 0.00238** wt. = pop. flow (0.000163) (0.000391) (0.000326) (0.000696) (4.01e-05) (0.00113) Average # of new cases, 2-week lag Own city − 0.425*** − 0.795*** 2.558 − 1.633 − 0.205*** − 0.171 (0.0318) (0.0643) (2.350) (2.951) (0.0491) (0.224) Other cities − 0.00451** − 0.00766 − 0.361 − 0.0404 − 0.00912** − 0.0230 wt. = inv. dist. (0.00213) (0.00814) (0.371) (0.496) (0.00426) (0.0194) Wuhan − 0.0410* 0.0438 3.053 3.031 − 0.0603 − 0.00725 wt. = inv. dist. (0.0240) (0.0286) (2.834) (3.559) (0.0384) (0.0137) Wuhan 0.00261*** 0.00333*** 0.00711*** − 0.00632 0.00167** 0.00368*** wt. = pop. flow (0.000290) (0.000165) (0.00213) (0.00741) (0.000626) (0.000576) Model B: lagged variables are averages over the preceding 2 weeks Own city 0.425*** 1.195*** 1.564*** 2.992*** 0.615*** 1.243*** (0.0771) (0.160) (0.174) (0.892) (0.0544) (0.115) Other cities − 0.00901 − 0.0958** 0.0414 0.0704 − 0.0286*** − 0.0821*** wt. = inv. dist. (0.00641) (0.0428) (0.0305) (0.0523) (0.0101) (0.0246) Wuhan − 0.198* − 0.0687** − 0.309 − 0.608 − 0.234* − 0.144 wt. = inv. dist. (0.104) (0.0268) (0.251) (0.460) (0.121) (0.0994) Wuhan 0.00770*** 0.00487*** 0.00779*** 0.00316 0.00829*** 0.00772*** wt. = pop. flow (0.000121) (0.000706) (0.000518) (0.00276) (0.000367) (0.000517) Observations 12,768 12,768 4256 4256 8512 8512 Number of cities 304 304 304 304 304 304 Weather controls Yes Yes Yes Yes Yes Yes City FE Yes Yes Yes Yes Yes Yes Date FE Yes Yes Yes Yes Yes Yes