Business Maverick: Summers Sees Risk of ‘Catastrophic’ Hit to China’s Health-Care System

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Former Treasury Secretary Lawrence Summers said China’s moves to abandon its Covid Zero stance probably amount to the biggest policy shift in decades, likely to have a powerful but unpredictable impact on the world’s second-biggest economy.

with its previous approach focused on widespread lockdowns and centralized quarantine facilities. Officials were told to limit the designation of high-risk areas, rather than applying measures to an entire neighborhood.

Economists have been boosting their forecasts for China’s economic growth in 2023 in light of the more aggressive dismantling of pandemic strictures. JPMorgan Chase & Co. economists said Thursday that an expansion of around 5% would be ““All of us are always watching China carefully, but we need to be watching China much more carefully over the next six months,” Summers said.

“There’s a big chance that China’s going to be a quite different country six months from now than it is today,” Summers said.

 

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So according to this person you referenced for this article, the draconian laws the Clowns Republic of China Covid scam represents decades of its economic policy 🤡... Really 🤳🏾

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