The astute among us have known since the beginning that lockdowns don’t reduce the spread of this virus, and we know that it is gradually mutating into one of the familiar seasonal illnesses consistently experienced by society. But Xi Jinping has tied his chairmanship to the COVID lockdown, so he remains committed to the practice.
What this means is that the low-cost and dependability of China as a commerce partner are now permanently compromised – these long-championed positives are nothing but a fiction today…. Even as Western manufacturers continue to put up with their challenges. Why? Because the concept that China is a low-cost country has become an article of faith, impervious to all data to the contrary."
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