Beijing Shuts Schools to Stem Virus as Cases Spread Beyond City
Comment of the Day

June 16 2020

Commentary by Eoin Treacy

Beijing Shuts Schools to Stem Virus as Cases Spread Beyond City

This article from Bloomberg news may be of interest. Here is a section:

The costs of imposing an across-the-board shutdown are too high as Beijing’s population is much larger than that of Wuhan, said Yanzhong Huang, professor at the Center for Global Health Studies of Seton Hall University.

“A city-wide lockdown in Beijing would not only reverse the process of economic and social reopening, a key policy objective of the party, but also undermine considerably the government’s own narrative on the success of its anti Covid-19 campaign,” Huang said. “The social, economic, and political pain might be way too high to justify a city-wide lockdown.”

Beijing on Tuesday closed another food market located near the financial district after a case linked to the original cluster was discovered. Eleven other food markets have been shuttered and almost 300 others sanitized, while nearly 30 housing compounds have been put under lockdown, local officials said.

Eoin Treacy's view

China learned quicker than everyone else that the cost of lockdowns far outweighs the benefit of containment. It is very unlikely the whole country will be locked down again regardless of how bad the infection rate gets. The emerging reality is the mortality rate is about double that of the seasonal flu. Even if the transmissibility trend tends to pressure healthcare systems that is a cost which countries will simply have to bear. Meanwhile new high potency treatment options are emerging all the time.

Click HERE to subscribe to Fuller Treacy Money Back to top