Index Investing News
Monday, November 17, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Covid returns to China – Econlib

by Index Investing News
December 23, 2022
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


In a recent post, I cast doubt on claims that China suffered from a Covid pandemic from mid-2020 to mid-2022, which was covered up by the government. I pointed out that something that large is almost impossible to hide. This past week provides an almost perfect illustration of that claim.

As of a few weeks ago, I did not know a single person in China that had contracted Covid. And none of the Chinese people I knew were aware of anyone else that had contracted the disease. That changed almost overnight. Since last week’s post, six Chinese people that I know (in Beijing) have now contracted Covid, and they know of many more cases. It’s obvious that China is suffering from a major pandemic. Here’s Bloomberg:

Nearly 37 million people in China may have been infected with Covid-19 on a single day this week, according to estimates from the government’s top health authority, making the country’s outbreak by far the world’s largest. 

As many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December, according to minutes from an internal meeting of China’s National Health Commission held on Wednesday, confirmed with people involved in the discussions. If accurate, the infection rate would dwarf the previous daily record of about 4 million, set in January 2022. 

Beijing’s swift dismantling of Covid Zero restrictions has led to the unfettered spread of the highly contagious omicron variants in a population with low levels of natural immunity. More than half the residents of Sichuan province, in China’s southwest, and the capital Beijing have been infected, according to the agency’s estimates. 

Thus the reports out of China closely match my own personal knowledge of the situation.  That’s why it’s so difficult to cover up a pandemic—the story would almost certainly leak out through word of mouth.  If China had experienced a Covid pandemic in 2021, lots of cases of Covid would be known to friends and relatives living outside of China.  That was not the case in 2021.

The recent spread of Covid through China appears to be faster than in any other country.  This is likely due to two factors.  First, the Chinese people were “dry tinder”, with almost no herd immunity from previous infections.  Many were vaccinated, but not many had received boosters.  In addition, the vaccines were of inferior quality.  Second, the newest versions of Covid are much more contagious than the original virus that appeared in Wuhan at the end of 2019.

In retrospect, China’s zero Covid policy was clearly a major mistake, even if zero weight is given to human rights.  At a minimum, China should have removed its Covid regulations once the vaccines were widely available.  They wasted more than a year for no benefit at all.  Efforts to control the virus in 2020 (prior to the vaccine) were somewhat more defensible, as they saved millions of lives.

It’s also worth noting that China did not end its zero Covid policy until after Xi Jinping was reappointed in October, an indication that politics likely played a role in delaying the inevitable.



Source link

Tags: ChinaCOVIDEconlibReturns
ShareTweetShareShare
Previous Post

IPL 2023 Gujarat Titans Players List: Check GI team updates and full team squad, captain, coach

Next Post

Snap (SNAP): Here are a few points to note if you have an eye on this social media stock

Related Posts

EU commerce tensions threaten to carry UN local weather talks hostage

EU commerce tensions threaten to carry UN local weather talks hostage

by Index Investing News
November 16, 2025
0

Unlock the Editor’s Digest free of chargeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.The...

Transcript: Brandon Zick, CIO, Ceres Companions Farmland

Transcript: Brandon Zick, CIO, Ceres Companions Farmland

by Index Investing News
November 12, 2025
0

https://www.youtube.com/watch?v=TSiyEO9IH70https://www.youtube.com/watch?v=TSiyEO9IH70     The transcript from this week’s, MiB: Brandon Zick, CIO, Ceres Companions Farmland, is beneath. You possibly can...

Introducing: Sam’s Hyperlinks – Econlib

Introducing: Sam’s Hyperlinks – Econlib

by Index Investing News
November 8, 2025
0

We’d wish to welcome a brand new voice right here at Econlib, Sam Enright. Sam works on innovation coverage at...

MiB: Jon Hilsenrath, Serpa Pinto Advisory on the Fed

MiB: Jon Hilsenrath, Serpa Pinto Advisory on the Fed

by Index Investing News
November 4, 2025
0

   This week, I converse with Jon Hilsenrath of Serpa Pinto Advisory. They focus on Jon’s 26-year profession on the Wall...

Belief Authorities Statistics, Not Authorities

Belief Authorities Statistics, Not Authorities

by Index Investing News
October 31, 2025
0

“Professional failure” is clearly having a second. Pollsters, Wall Avenue analysts, tech futurists… all are going through calls for to...

Next Post
Snap (SNAP): Here are a few points to note if you have an eye on this social media stock

Snap (SNAP): Here are a few points to note if you have an eye on this social media stock

We Asked A Bot To Write About Real Estate In 2022. This Is The Result

We Asked A Bot To Write About Real Estate In 2022. This Is The Result

RECOMMENDED

Industry Association Reveals Top 2023 Kitchen Design Trends

Industry Association Reveals Top 2023 Kitchen Design Trends

October 26, 2022
Tesla recordsdata for 3-for-1 inventory break up : shares

Tesla recordsdata for 3-for-1 inventory break up : shares

June 11, 2022
AI takes centre stage as Web Summit kicks off in Qatar | Technology News

AI takes centre stage as Web Summit kicks off in Qatar | Technology News

February 27, 2024
Cosmos ecosystem changing into dwelling for RWAs as Ondo Finance reveals new L1

Cosmos ecosystem changing into dwelling for RWAs as Ondo Finance reveals new L1

February 8, 2025
Radiant Logistics: A Excessive Danger Funding Alternative (NYSE:RLGT)

Radiant Logistics: A Excessive Danger Funding Alternative (NYSE:RLGT)

November 29, 2024
Hoping to keep away from franchise historical past, Predators go to Stars

Hoping to keep away from franchise historical past, Predators go to Stars

December 13, 2024
Murder rate has seen historic drop, but not in every state

Murder rate has seen historic drop, but not in every state

February 13, 2024
A glance inside a  million Florida mansion with subterranean secrets and techniques and Italian aptitude

A glance inside a $60 million Florida mansion with subterranean secrets and techniques and Italian aptitude

July 15, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In