Zero-Covid policy in China
Facts:
1) Xi Jinping was re-elected as the communist party leader.
2) Over 90% of the population has received two or more doses of China’s vaccines.
3) Recent vaccination drive (free vaccination spots) - some 10kk people a day were given shots at the peak.
4) Western vaccines were prohibited.
Analysis:
1) Xi Jinping's policy on Covid relies on mass testing, big lockdowns and restrictions.
2) The IMF expects China’s GDP to grow by just 3,2% this year (8,11% in 2021).
3) Youth unemployment is close to 20% due to the recession.
4) There is no sign from the government to loosen its zero-covid policy.
Inspired by The Economist
