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DYER: China and Covid: The cost of infallibility

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3 years ago

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In Summary

  • The ceaseless lockdowns are hitting China so hard that second-quarter growth in an economy that used to boast of 10%+ growth rates is forecast to be only 1.8%.
  • This means not only unemployment and potential unrest, but Chinese customers elsewhere shifting away from dependence on supply chains originating in China. The shift could be permanent.

05 May 2022 – 04:00

Even the Pope claims to be infallible only on matters of faith and doctrine. On the chance of rain or the speed of a racehorse, he will freely admit that he is just as fallible as you and I. Whereas …

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