In the short term, supply chains will be largely unaffected since factories are still operating, a former advisor to the People's Bank of China said.
While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country's industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China's Tsinghua University.
In the short term, supply chains will be largely unaffected since factories are still operating even if consumption is lower due to lockdowns, Li, a former advisor to the People's Bank of China, said in an extended interview with CNBC's ""However, the long run impact might be already shaped, that is, the international economic community are thinking twice about the stability of supply chains in China," he said.
"People used to think that China is the most solid, the most secure, most stable supply source. Now they are thinking to rebuild their own supply backup chains in their own countries or regions. So that is the situation now."over China's zero-Covid policy and prolonged lockdowns. There were also student protests at Li's institution, Beijing's elite Tsinghua University.
"Well, I do believe the authorities are thinking about this ... and my estimate is that by late March, [at] the latest, the policy will have very good substantial change ... that is to concentrate on protecting the elderly, meanwhile, opening up for the rest of the population," Li said. While Beijing could consider importing and using Western mRNA vaccines — which have a higher efficacy rate — Li said Chinese authorities are more likely to use other controls such as ringfencing lockdowns.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
White House criticizes China COVID policy, says people have 'right to peacefully protest'The White House criticized China's coronavirus containment strategy and said people there have a 'right to peacefully protest' — although its comments were notably restrained at a time it is seeking to strengthen relations with Beijing.
Leer más »
Protests rattle China as people say enough to country's draconian COVID lockdown policiesA rare wave of protests has taken place across many Chinese provinces and cities. With covid cases nationwide on the rise, local governments are taking extreme measures, with deadly consequences.
Leer más »
China's Biggest Protests in Decades - The Journal. - WSJ PodcastsAfter years of strict Covid restrictions, people are taking to the streets in cities across China. But they’re not just protesting zero-Covid, they’re voicing displeasure with Xi Jinping himself. WSJ’s Brian Spegele gives us an inside view of the protests rocking China. Further Reading: -China’s Surveillance State Pushes Deeper Into Citizens’ Lives -Much of China Locks Down With No End to Zero Covid in Sight -Chinese Protests Spread Over Government’s Covid Restrictions Further Listening: -How Xi Jinping's Dream Slowed China's Economy
Leer más »
End of Twitter's Covid Misinformation Policy Launches Discourse Back to March 2020With Musk's platform abolishing a rule against pandemic misinformation, conspiracy theorists are right back on their bulls--t.
Leer más »
China Clamps Down on Protesters Against Zero-Covid PoliciesChinese authorities tightened controls in the wake of nationwide protests against Beijing's zero-Covid policy, dispatching police to prevent further gatherings
Leer más »
Protests against Covid lockdowns sweep China, challenge Xi JinpingIn the capital, Beijing, students at Tsinghua, one of China’s most prestigious universities and Xi’s alma mater, shouted “We want democratic rule of law, we want freedom of speech.”
Leer más »