“Some news sites are reporting a possible peak in new infections, but accounts of overcrowded hospitals and mortuaries paint a much bleaker picture.
Some nations have already implemented limitations on inbound travel from China, and the EU will negotiate a joint approach today.”
“The current increase in Covid infections is not only putting a strain on the Chinese health-care system. According to Bloomberg, it may now impede Beijing’s attempts to launch a homegrown semiconductor industry to compete with US-controlled supply chains.
According to Bloomberg, the virus’s impact on the government’s budget causes policymakers to reassess the sector’s subsidies, which have been costly and have achieved relatively little returns.”
“It is unknown what alternative measures the administration may announce, but new strategies may include decreasing taxes.”
