Interesting. Many of the same sort of things is happening in Russia. If a company made a big bet on the continued support of either economy, it will be very expensive. Our little hobby group will likely feel it in much higher prices and lack of products to buy. It may bankrupt companies that are nearly totally dependent on cheap Chinese labor. I didn't realize that Corvid vaccines in China were that much different in their effectiveness than in the west. Why wouldn't they just copy the ones in the west?Some very interesting perspectives
National pride.I didn't realize that Corvid vaccines in China were that much different in their effectiveness than in the west. Why wouldn't they just copy the ones in the west?
I asked about this a few decades back when I still lived in Cupertino, I couldn't afford a house and asked a Chinese friend. They explained it - 100 year mortgages and 3 or 4 families in a house.Real estate prices in Shanghai are absolutely insane. My wife’s uncle had an apartment he sold in 2014 for $450,000. It had a living space about 12x12, one bedroom 10x12ish, the kitchen was 6x6, just enough room for a stove and sink, and a bathroom with a shower. We stayed in that apartment on one trip with two small kids, it was bad enough just sleeping in there, I couldn’t imagine being quarantined in it, would feel like a prison. I can’t imagine how much he would have been able to sell that for today. And that was 5 miles from downtown Shanghai, prices must be in outer space down there. I have no idea how Chinese can afford those prices, even with their parents kicking in as much as they can, that is still an obscene amount to try to finance on the low salaries paid in China.