Exit wave of zero corona cancellation, a story of death, growth and inflation
(British economist, issue of 7 January 2023)
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China has been closed for almost three years, or 1016 days to be exact.
Most of the foreign students left the country when the pandemic started. Even tourists have stopped visiting. Chinese scientists have stopped attending foreign conferences. Corporate executives sent from overseas have been barred from returning to their jobs in China.
For this reason, when China reopens its borders on January 8 and the “zero-corona” policy is completely lifted, the resumption of trade, cultural and intellectual exchanges will have enormous consequences.
Most of them will be fine.
fear of outgoing waves
But in the beginning something terrible happens.
The new coronavirus is raging in China. Tens of millions of people are infected every day. The hospital is in a flat state.
While the zero-corona policy saved many lives in its infancy (at the cost of considerable personal freedom), the Chinese government has been forced to stockpile medicines, expand vaccinations for the elderly, and dictate which patients will be treated where. adequately prepare for policy easing by promoting the introduction of robust procedures.
Models from The Economist suggest that around 1.5 million Chinese will die in the coming months if the virus continues to spread out of control.
In such a situation, there is not much foreign countries can do to help.
Worried about appearing weak, Beijing has even rejected offers from Europe to provide an effective vaccine for free.
But countries outside China can prepare for the economic impact of the CCP’s revolution. These effects are not mild.
