Post by account_disabled on Mar 4, 2024 4:04:12 GMT -5
They are a drag on growth. At the same time there is extreme income inequality persistent corruption an explosion in housing costs and underdeveloped Welfare State institutions that could compensate and socially cushion the fall in demand. to the drop in exports which further complicates the situation. Added to this is the rising cost of Chinas zero Covid policy. The recent lockdowns in Shanghai and Chengdu have left their mark on the economy which grew only . in the second quarter of compared to the same period last year.
This is very far from the objective of growing . that politicians stipulated. It is also becoming clear that the country is not prepared for the Omicron variant and that its own vaccines cannot compete with those of the West. The Russia Mobile Number List application of quarantine rules revealed a political dimension to the Covid strategy adopted by China which was reaffirmed by Xi at the th Congress of the Communist Party that took place between October and . However The Chinese population reacted with a noticeable and growing lack of understanding and contradicting the seemingly senseless harshness of the government.
In late December the government made the abrupt party decision to abandon its zero Covid policy. Whether the decision was made due to growing popular protest openly attacking the government or whether the economic price of the policy was considered to be too high will remain a secret of the communist government leadership. In any case the pragmatism shown with this radical change of course leads to the adventure of total exposure to the pandemic to a population with low vaccination coverage a comparatively ineffective national vaccine and an illprepared health system. The human and economic effects remain to be seen.
This is very far from the objective of growing . that politicians stipulated. It is also becoming clear that the country is not prepared for the Omicron variant and that its own vaccines cannot compete with those of the West. The Russia Mobile Number List application of quarantine rules revealed a political dimension to the Covid strategy adopted by China which was reaffirmed by Xi at the th Congress of the Communist Party that took place between October and . However The Chinese population reacted with a noticeable and growing lack of understanding and contradicting the seemingly senseless harshness of the government.
In late December the government made the abrupt party decision to abandon its zero Covid policy. Whether the decision was made due to growing popular protest openly attacking the government or whether the economic price of the policy was considered to be too high will remain a secret of the communist government leadership. In any case the pragmatism shown with this radical change of course leads to the adventure of total exposure to the pandemic to a population with low vaccination coverage a comparatively ineffective national vaccine and an illprepared health system. The human and economic effects remain to be seen.