China is entering the most dangerous weeks of the pandemic. The authorities are making almost no efforts now to slow the spread of infections and, with the migration ahead of Lunar New Year getting started, any parts of the country not currently in a major COVID wave will be soon. Cases may peak in the next two or three weeks in many major cities, with healthcare facilities under maximum strain shortly after. Mobility data suggest that economic activity is depressed nationwide. It will remain so until the infection wave has begun to subside.
– This will be the last Economics Weekly for 2022. The next Weekly will be sent on Friday 6th Jan. 2023 –
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