It does have a higher rate of infection than the flu (almost double I think) and an estimated 2% death rate for those who get ill from it. If anything, we are seeing a watershed moment in China and the grasp the CCP has over it.
With it looking like the CCP inadvertently released a killer virus and it's infected citizens on the world, Chinese leverage on the global stage is about to be tested. This biological screw-up is also going to force international supply systems to look outside of China for manufacturing needs.
Regardless,
our population and economy is going to take a hit from this. Friggin China.