Atlantis wrote:So far, China is the only country to successfully combat the pandemic even without a vaccine. Due to a combination of containment measures and a hard lockdown in Wuhan, the country has been so successful that Chinese pharmaceutical companies now have to test their vaccine outside of China.
As the Chinese economy rebounds and life goes back to normal, China also shows that there is no trade-off between saving lives and and saving the economy. The latter requires the former as indispensable condition.
While the West keeps on stagnating, alternating between half-measures, tentative re-opening, followed by more half-measures, the Chinese economy has gone back to growth because the pandemic has been dealt with.
If democracy is damaged because democratic regimes are incapable of coping with the pandemic, it won't be because of China. It'll be because democratic leaders can't tell unpopular truth to people at a time of rampant populism. Democracy can't survive without a degree of political maturity. Populism is the death of democracy.
And people started analysing the data from that report. Numbers don't add up. The Chinese removed around 2.5 trillion Yuan from the previous years totals investment for example to make it look like that investment grew and they had larger recovery then they actually had.
The question is why they did that? Nobody would fault them for decline during Corona. It seems that over regulation of Chinese economy and inability for local and foreign firms to move money out of China has killed a lot of the investment from abroad and they are starved for Cash and Credit. The Governments capacity for credit and loans is not enough anymore not to mention that the current credit and loans might explode at any time.
Don't get me wrong though, there is recovery because people are not in the lockdown anymore and at least factories started working. The rate of that recovery though is probably under or on par with Europe and US. It is hard to say for now. The problem is that we have no solid data about Corona in China. So it is hard to say what the fuck is going on there.