Covid pill from China + Wall Street banks in HK
Covid numbers are currently skyrocketing in Germany. Every day, the Robert Koch Institute announces new highs. In China, too, the incidence has risen in twenty provinces as a result of the latest outbreak – to 0.004. So it seems like the situation is currently under control. In their analysis, our Beijing author team notes that Xi Jinping's decision-makers nevertheless do not play to deviate from the strict zero-covid strategy. Experts predict that a sudden drop of restriction would lead to a flare-up of the pandemic.
There is now virtually only one way out of sharp Corona measures: New medication that could treat the disease despite a spread of the pathogen. Chinese companies are therefore researching at full speed on an intravenous agent or anti-Covid pills. First test results already show promise.
It was a joke that almost got stuck in the throat of the head of JP Morgan. His humorous prediction that his bank would last longer than the equally old Communist Party caused great shock – both in China and among his investors. Ning Wang takes this anecdote as an opportunity to show how great the dependence of Wall Street banks on the goodwill of Beijing's leadership has become in the meantime. Stunningly, Beijing's influence is increasing even further as a result of the liberalization of the Chinese market.