Re <<is the vaccine because Chinese or a general principle.. ?
Experience in life tells me the odds rolling the die on vaccine are better.. >>
Neither.
Simply being careful, that ...
(1) we have lived well for nearly a year w/o vaccine, and so there is no particular urgency to be vaccinated in such a hurry
(2) A few months wait to wait & see might be safer than going through an invasive procedure when HK is pretty safe
Should a vaccine be tee-ed up, say in December, I think getting vaccinated in April would be better, and since April is so close to summer, then maybe vaccination November 2021 might be best
The advantages of controlling the CoVid by then should be more evident than now
china-shows-the-payoff-from-curbing-the-virus-eco-week-ahead
China Shows the Payoff From Curbing the Virus: Eco Week AheadChina’s economy continues to recover from its contraction earlier this year, showing the economic benefits from swift control of the pandemic and a rapid resumption of manufacturing.
While Europe and the U.S. face renewed surges of Covid-19 infections, in China factories are capitalizing on a global rush for medical equipment and work-from-home technology. That trend was underlined in trade data released Saturday. Inflation and credit reports for October due this week should also signal stable underlying demand.
China’s recovery on the back of successful virus control to date is indicative of the wider picture in Asia Pacific. Taiwan has seen its economy rebound, benefiting from stable domestic demand and buoyant exports to the U.S. and China. South Korea, Japan, Australia and New Zealand are all, for now, recovering after seeing infection rates drop.
That contrasts with the current outlook in Europe, where the largest economies are locking down once more, and the U.S., where the case count is hitting records. The U.K. has already added stimulus to combat this new slump, and both the Federal Reserve and European Central Bank have said more is needed.
Meanwhile, China is effectively isolated from the rest of the world, with very few options to travel overseas and inbound travel banned or heavily restricted from an increasing number of countries.
While that separation is for pandemic control measures, further signs that the global economy is becoming less integrated are emerging. China’s economic plans for the next five years set out a greater focus on the domestic economy.
What Bloomberg Economics Say...“China’s data will shed light on the strength of the economy’s recovery at the start of fourth quarter. Credit growth probably slowed sharply, but it would mainly reflect reduced business days due to the golden week holiday, not a sign of weakening momentum. Factory-gate deflation probably moderated while cooling food prices may have pushed consumer price inflation to below 1%.”
-- Read full Asia Week Ahead
Elsewhere, the ECB holds a virtual symposium, the U.K. reports third-quarter GDP data and central bankers in New Zealand, Egypt and Mexico set rates.
Central Bank Rate Decisions This Week
Click here for what happened last week and below is our wrap of what else is coming up in the global economy. |
