The radical turnaround in Covid policy should worry investors more, warns Handelsblatt editor Frank Wiebe.
(Photo: Getty Images, Private)
On December 20 alone, 37 million Chinese were infected with Corona. This is reported by the Bloomberg news agency, citing the country’s top health authority. Within a week there should have been around 248 million cases. The number of deaths is still unclear.
Numbers of this kind make it clear: China’s turnaround in Covid policy is a disaster. Videos from clinics where the dead are lying in the aisles wrapped in plastic are circulating again on social networks.
After the government in Beijing repeatedly imprisoned millions of citizens in frequent lockdowns, it is now giving free rein to the virus, which is now encountering a poorly protected, previously little immunized population.
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