China Rolls Back "Zero Covid" Policy

[schizo]

‘Zero Covid,’ Once Ubiquitous, Vanishes in China’s Messy Pivot

https://www.nytimes.com/2022/12/08/world/asia/china-covid-rollback.html


A day after China’s ruling Communist Party announced a broad rollback of the “zero Covid” restrictions that had smothered the economy and transformed life in the country, the propaganda apparatus on Thursday began the daunting task of promoting an audacious revision of history.

 

[Aisone]

Once they realized they could simply repurpose the thousands of covid isolation pods for the Uyghurs, it was an easy decision.

 

[stochastix]

Can't wait for the new mutation

 

[Nobert]

Can't wait for the new mutation

Yes, while, few more years and people won't remember that it happened at all.

 

[stochastix]

Yes, while, few more years and people won't remember that it happened at all.

I dont know who the fuck people are but yeah im pretty fucking sure lots of people will remember their fucking family members dying, maybe if you are a cold callous fuck you might not care that doesnt mean other people dont

 

[schizo]

I'm just surprised that the market didn't react favorably to this news. With less restriction, more factories will open, and ultimately more goods will be flowing into the rest of the world, removing supply bottleneck that's been hampering the economy for the last 2 years.

 

[Overnight]

I'm just surprised that the market didn't react favorably to this news. With less restriction, more factories will open, and ultimately more goods will be flowing into the rest of the world, removing supply bottleneck that's been hampering the economy for the last 2 years.

Powell controls this market. He is King of the Hill. Nothing else matters at this time.

You'll see it tomorrow with the PPI print in the morning. If it is hot? Down. If it is cold, up. Very basic.

 

[schizo]

Powell controls this market. He is King of the Hill. Nothing else matters at this time.

You'll see it tomorrow with the PPI print in the morning. If it is hot? Down. If it is cold, up. Very basic.

Man, what are you, a parrot? You've been saying that same thing for like months now.

BTW if you know your econ 101, you would also know that current inflation was caused mostly by supply bottleneck from China and the war in Ukraine. So if the traffic is flowing freely out of China, that would be good for bringing the inflation down.

 

[TheDawn]

Everything about China should be in the "Politics" section. LOL This has very little impact on Wall Street or on our trading. Luckily, our financial market is still very isolated from what happens in China. It's pretty much the last frontier that we have. Everything is all taken over by China.

 

[TheDawn]

Powell controls this market. He is King of the Hill. Nothing else matters at this time.

You'll see it tomorrow with the PPI print in the morning. If it is hot? Down. If it is cold, up. Very basic.

You think the market is going to be volatile enough to trade it? I am so tempted to trade it but usually the PPI's impact on the market is very tamed.