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

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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 🤳🏾

대한민국 최근 뉴스, 대한민국 헤드 라인