Jessiedog - are we looking at factory closures and a pause in exports from China?
What's your interest?
I'm available for consulting advice. And deeply experienced. And far from expensive.
Woof
Jessiedog - are we looking at factory closures and a pause in exports from China?
I was just wondering if this is going to add to the economic fallout from the sanctions on Russia.
I was just wondering if this is going to add to the economic fallout from the sanctions on Russia.
Watch the stock markets tomorrow. This is already priced in before Asia opens.
Woof
I guess this answers my question the other day.
Beaches in Hong Kong have been shut down again after outraged mainlanders spread photos of people at HK beaches on social media. I guess that's as close as democracy as HK is likely to get for now - people can't choose their leaders or hold protests, but action might be taken if enough shitheads on Weibo complain about something.
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For most of the past two years, no more than four people could meet up in public; now that number is two. It has been difficult to disentangle the measures taken to prevent illness from those taken to prevent political protests – and this mix has bred a toxic mistrust.
So-called “ambush lockdowns” happen regularly, when all of a sudden entire residential blocks are cut off and reopened only when everyone inside has been tested.
All of this was the price to pay in pursuit of “zero Covid”. It was tough, but the numbers were kept low. The absence of an exit strategy, however, has made the economic cost painfully high, with businesses going under and one-way departures from the city becoming a heartbreaking norm.
For a comparison ...
UK government spends @ GBP 3,800 per capita per annum for public healthcare in London (the UK average is @ GBP 3,300/capita/annum).
Hong Kong government total healthcare spending (for everything,) has been about GBP 1,300 per capita for the last decade or so.
Oops!
Woof