China Economic News

[CY09]

https://www.bbc.com/news/world-asia-china-63410341

https://www.bbc.com/news/world-asia-china-63410339

After his re-election, China is back to its old COVID norms- lockdown.

From the looks of it, its people will continue to suffer under the numerous lockdowns, given that the communist party no 2 was the governor in charge of a drastic lockdown which locked residents in for 2 months. I guess it is a message that China will still be the same and unlikely to fully open up until pherhaps next year end

[BlueKelah]

https://www.bbc.com/news/world-asia-china-63410341

https://www.bbc.com/news/world-asia-china-63410339

After his re-election, China is back to its old COVID norms- lockdown.

From the looks of it, its people will continue to suffer under the numerous lockdowns, given that the communist party no 2 was the governor in charge of a drastic lockdown which locked residents in for 2 months. I guess it is a message that China will still be the same and unlikely to fully open up until pherhaps next year end

My conspiracy theory is that they want to create lockdowns to have an excuse to slowdown production and exports to USA, thus creating more inflation in the USA and hopefully internal instability.

[Big Toe]

Chinese Tech Stock, due to regulatory uncertainty, is impossible to value.
Untill there is more clarity, it is a risky venture.

On one hand the CCP would need the tech sector to be strong enough not only domestically but being able to compete globally. On the other hand, they are cracking them down hard.

In a normal democratic society, the government serves the people and businesses.
In china, they did not pretend they are democratic or a full on capitalist society.
They are a blended communist +socialist + capitalist. Normal free market rules do not apply.

[Wildreamz]

My conspiracy theory is that they want to create lockdowns to have an excuse to slowdown production and exports to USA, thus creating more inflation in the USA and hopefully internal instability.

Or maybe it's more simple than that, their vaccine doesn't work well against new omicron variants, and yet doesn't want to use foreign MRNA vaccines to "safe face".

[CY09]

My conspiracy theory is that they want to create lockdowns to have an excuse to slowdown production and exports to USA, thus creating more inflation in the USA and hopefully internal instability.

Or maybe it's more simple than that, their vaccine doesn't work well against new omicron variants, and yet doesn't want to use foreign MRNA vaccines to "safe face".

Think wildreamz explanation is the more likely.

I have seen the China Nationals' Vac cert and they have been vaccinated 5 or 6 doses of Sinovac, Biokangtai or Sinopharm. Its literally a need to take a dose every 3-4 months

Truthfully if China had accepted Western Medicine, took 2 doses and let covid affect their people with less severe symptoms due to the MRNA minimising it, China will be much better off.

Alas, the pride of the communist are too strong and despite Omicron being mild, it will still strain their healthcare system. This is why I have little faith left for Xi Jinping's government. He is prirotising pride over the health and economy of the people. This act is too much like a dictator who is not benevolent to his people. (*Singapore had a benevolent dicatator and we benefited from it)

[Bibi]

but despite covid vaccination, there is no denying that every day we still have 1 or 2 death cases due to covid right? China populatn is order of billions while we only 6mil. Thats 166 times more. So if China were to follow, daily deaths in China will be 100++. Maybe thats not acceptable to Xi.

If the deaths were to affect yr age group rather than those 60 above, will u think differently?

[CY09]

Even if it affects my age group specifically, I will not bother much. The key is not to strain the country's healthcare system

Singapore's current assessment of the COVID situation is based on how many cases are in ICU with a severe symptoms. With a high proportion of properly fully vaccinated individuals* and Omicron evolving to be mild, the reopening has not pushed many patients into severe hospitilisations- Only about 0.25% of COVID cases here (either Oxygen supplementation (0.2%) or ICU (0.05%) (443 cases over 28 days). There were only 2 deaths in the past 28 days, as compared to the past variants where deaths averaged 1 per day

With the handling of COVID situation, China too has built up its hospitals and isolation facilities. In absolute terms, under an assumption that (i) it had fully vaccinated its population with MRNA, (ii) fully opened up (and (iii) added assumption it has a aged population like Singapore which it dosent), this would mean about monthly 104,000 severe COVID cases as proportion to its population Such numbers wont strain the Chinese Healthcare system, there are about 30,000 Chinese Hospitals. Handling 4 or 10 severe cases per month wont kill them. Hence what the communist are probably worried about is the 0.25% conversion rate. With Sinovac, Sinopharm, Biokangtai (this is not recognised as a proper vaccine dose), the ratio of severe cases is probably not 0.25% but much higher

With the limited effectiveness of their 3 locally produced vaccines, they are still locking down or restricting movements such that the conversion rate to severe cases is much lower. To me, this is stupidity at a top level. A 0.25% rate can be easily achieved just by accepting MRNA western vaccines. Why must an entire Chinese Ministry racked its brains having to think how not to strain its system when a solution is out there.

*If one observes the defintion of a fully vaccinated residing within Singapore, there is a dichotomy between the chinese vaccine and MRNA vaccines. Singapore requires those vaccinated with chinese vaccine to be 3 doses vaccinated instead of 2 doses if staying here long term

[Wildreamz]

but despite covid vaccination, there is no denying that every day we still have 1 or 2 death cases due to covid right? China populatn is order of billions while we only 6mil. Thats 166 times more. So if China were to follow, daily deaths in China will be 100++. Maybe thats not acceptable to Xi.

If the deaths were to affect yr age group rather than those 60 above, will u think differently?

800 deaths a year — and life carries on normally
https://twc2.org.sg/2021/08/31/800-death...-normally/

In Singapore, without intervention (mass masking, social distancing etc.) the death rate of flu was 800/year, and that was historically acceptable by everyone (including China). Right now, with MRNA vaccines + interventions, the death rate of Covid is less than that (1-2/day as you said, or 3-700 per year). 

Are the lockdowns in China really due to not being able to accept the death rates (which is less than flu, with MRNA vaccines)? 

Also, what's the justification of not approving MRNA vaccines? Is that a good faith decision?

[CY09]

A reminder of the posting guidelines:

- No personal attacks, name-calling or baseless accusations with regards to one's character.
- Opinions can be made but must be based on facts and must be fair to reasonable man.

If bluekelah is able to substantitate his accounts' claims with facts (data), it is postable. However, he will have to substantitate it. Thanks

[Bibi]

but despite covid vaccination, there is no denying that every day we still have 1 or 2 death cases due to covid right? China populatn is order of billions while we only 6mil. Thats 166 times more. So if China were to follow, daily deaths in China will be 100++. Maybe thats not acceptable to Xi.

If the deaths were to affect yr age group rather than those 60 above, will u think differently?

800 deaths a year — and life carries on normally
https://twc2.org.sg/2021/08/31/800-death...-normally/

In Singapore, without intervention (mass masking, social distancing etc.) the death rate of flu was 800/year, and that was historically acceptable by everyone (including China). Right now, with MRNA vaccines + interventions, the death rate of Covid is less than that (1-2/day as you said, or 3-700 per year). 

Are the lockdowns in China really due to not being able to accept the death rates (which is less than flu, with MRNA vaccines)? 

Also, what's the justification of not approving MRNA vaccines? Is that a good faith decision?

Yes i know flu rate is much higher as touted by Trump years ago. But if 10 such viruses come out one cant justify it by just saying the death rate for each of the 10 is lower than flu so its ok to just let the virus run rampant.