China

The Covid-zero policy seems to be slowly destroying the Chinese economy and civil society. Even the slightest sign of infection sets off massive lockdowns, quarantines and daily testing, enforced by anonymous people with automatic weapons. Of course social media censorship is stringent, but even so there is trouble brewing in my opinion.  It seems to me that a single positive test is enough to shut down a city – haven’t they heard of false positives? It seem that at this rate the turmoil will never end.

And then there’s the collapse of the housing market, in a country where speculation in residential real estate, often sold and paid for pre-construction, has been the investment strategy of choice for most people.

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