Recorded Jun 27 2022. https://youtu.be/Bg-chPYiQvI
Beijing revealed the other day that it was extending its Zero COVID policy till2027 This is a direct outcome of the Chinese federal government’s failure to establish an efficient domestic vaccine, and its unfaltering rejection to count on the safe, reliable mRNA vaccines currently in usage in much of the world. Offered the absence of practical vaccine policy, the age of the Chinese population and the timeline for Beijing to establish anything approaching a helpful mRNA vaccine locally, this timeline makes good sense. It lays bare the outright desperation of the Chinese Communist Party.
As definitely damaging these policies will be for the typical Chinese resident– and if past is beginning, there will be dreadful expenses to pay financially, socially, and separately– they likewise highlight the precarious location China plays in the worldwide economy. Which is bad. China increased to prominence in the post-Cold War period as the nation and the federal government most ready to take advantage of its low labor expenses and sometimes near-nonexistent regulative environment to persuade the worlds’ makers to move much of their supply chains onto Chinese soil. What does the future hold? For makers, a minimum of, the continuous specter of shut downs as Beijing mishandles break out after break out. COVID isn’t disappearing, and disallowing a huge shift in the CCP’s policy’s towards foreign vaccines, the Chinese factory employee, and transport employee, and dock employee, and so on stay at the grace of an infection that reveals no indications of stopping, and a federal government that reveals no indication of stepping up.
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00: 00: 00 Peter Zeihan
How China is Doubling Down on Zero COVID Lockdowns|Peter Zeihan
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