Zero Covid probably isn't going anywhere soon. China's convergence prospects will be greatly damaged by adhering to the policy for years to come, but apparently this is a price many people are willing to pay,.
Chinese Economics Thread
- Thread starter Norfolk
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China's imports/exports are being affected by this covid policy. If they keep this policy for another couple of years, more manufacturing jobs will be lost to India and Vietnam. It looks like we will see local EUV semiconductor machines by 2025, before we see full opening of China's borders.
Foreign capital fleeing in China..... in reverse.
If we look at foreign capital into China, Q1 was very big, Q2 was average, but Q3 was very low. We'll see how Q4 will go.
What sort of convergence are we talking here? You mean the zenith of the nation or...?
I would say it is impossible to predict where the Chinese zenith will be. Its the sort of thing you'd realize decades after the fact but would be simply speculative to talk about now.
If China had not focused on treating covid patients, would the resources really be useful enough to outweigh not just losing more lives, but also keep in mind the global economy is not exactly in high demand mode right now either.
Sustain 6%+ growth with a 30 trillion economy to me looks like a pipe dream. There's not enough gdp in the world to drive growth like that. Forget poverty reduction at home, you need poverty reduction of the entire third world + make them captive markets slated towards industrialization while having China reap all the benefits. Then maybe you can sustain another decade(s) of extreme growth.
The world is entering a phase of bloc confrontation, this is a period where everyone will contract or at least be slowed down. To win, China just need to contract less than America, while maintaining a world leading tech sector that slowly sprints past the US one as US keeps isolating itself and driving away researchers due to political interference.
I doubt they will just drop it overnight, it will be a gradual process. Say, start mandatory mass booster vaccination in Q1, then gradual lifting of COVID-related restrictions inside the country in Q2 (maybe Q3) plus observation, then gradual opening till the end of the year. They key here is to not create a huge COVID wave.
Agree
Japan's Murata Manufacturing plans to make its largest ever capital investment, 45 billion yen (around $305 million), to build a factory in the Chinese province of Jiangsu as it gears up to boost its production of multilayered ceramic capacitors (MLCCs)..
this is one of the most interesting News. LOOOOL
There's a recession in Europe and the USA in Q3 and Q4.
Of course there are going to be low investments from overseas