The bigger loss will likely be from whatever business/scientific travel is truly necessary. If that gets harder you may see some long run economic harm.
As for China, not obvious they have a lower fatality rate? Their official stats show a 5% CFR.
Singapore and Qatar have their cases amongst the mostly young migrant workers, which should have a much lower fatality rate due to age. I’m skeptical that any countries have a much less lethal strain. Unless we see nursing homes with widespread infections but few deaths.
https://www.bloomberg.com/news/articles/2020-05-05/as-virus-...