: A speedy reversal of China COVID-19 restrictions could cause 1 million winter deaths: report

by | Dec 7, 2022 | Stock Market

Chinese authorities appeared to bend to the will of the people on Wednesday by easing some of the harshest COVID-19 restrictions, but a new study showed the high price the country will pay if it tries to reopen too fast. Asian macroeconomic advisory firm, Wigram Capital Advisors, is warning of a “winter wave” of COVID infections that could swamp the healthcare system, according to a report in the Financial Times, which reviewed the firm’s models.

Wigram, which takes into account vaccinations and age data in its modellings that it has provided to governments throughout the pandemic, is predicting a death toll of 20,000 a day by mid-March in Beijing, Shanghai and Guangzhou, with daily hospitalizations peaking at 70,000. The advisory firm is warning that the government has done nothing to prepare the country for a reopening that does not progress cautiously. That’s against the backdrop of a still-low vaccination rate for the elderly, a shortage of intensive care units and vaccines that lack the potency of western rivals. In addition, the Lunar New Year holiday in January could prove a super spreader event for China, Wigram warned. “The risk is that they are underestimating just how much work — and cost — the rest of the world has done and borne to get to the point of living with Covid,” said Rodney Jones, principal at the firm. In a series …

Article Attribution | Read More at Article Source

Share This