A tale of two economies trying to put covid behind them
de facto police sieges of residential complexes and the rounding up of even those who merely came into contact with covid-positive people to send them off to institutional quarantines.
In response to widespread protests since late November against these excesses of a surveillance state, the government allowed major cities such as Beijing, Shanghai and Guangzhou to relax rules significantly, with even home quarantine allowed and access to malls and other places eased.
Few cohorts of otherwise intelligent people uncritically admire the leadership of autocracies as Wall Street’s large firms do.
No sooner were the new rules being rolled out than Morgan Stanley this week put an emphatic “buy" on Chinese equities and promised major revaluations of price-to earnings market multiples.
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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