Covid out of control + International economy
The Chinese Covid wave is apparently already approaching its peak for the time being; the first people who have recovered have already returned to work. However, this also means that a staggering number of people are currently acutely ill. Due to a lack of data, it is not possible to map the curve. But it is safe to assume that the curve is steeper in China than it has ever been in Germany.
Our analysis provides a snapshot of the mood in a country where the pandemic is still raging. The question of what the spread of the infection will mean for the Chinese and German economies is something we have only been able to briefly outline here – again due to a lack of hard data.
However, this very issue was the main focus of the government Economic Work Conference held last week. With the infection tsunami brewing, we initially had only one report on this. Today, we take a closer look at a core message of the important meeting: The leadership is once again turning its attention to private investors – and even finding words of encouragement for foreign industries.