As America and the West as a whole struggles to regain its economic and societal foothold through our self-inflicted, perpetual coronavirus crisis, China will round out 2020 with another impressive year of booming growth. China will end the year as the only major power that has seen economic growth in 2020. And Beijing forecasts an astounding 8.4% GDP boost in 2021.
What separates China from the rest of us is simple: China did not buy what it was selling. The Chinese Communist Party (CCP) put an end to their internal corona hysteria over 9 months ago, with a simple, sweeping notice. In March, they declared that the situation related to the novel coronavirus in Wuhan was over, along with pretty much the entirety of their epidemic countrywide. The problem had been solved, and that was that. Case closed. No further questions.
Did China at that point recognize that COVID-19 was not worthy of the hype? That much remains very unclear. What we do know, for a fact, is that China flipped the switch on their societal and economic machine back to 100% in March of 2020, and they never looked back. China has been open for business for almost a year, while the West remains at a snail’s pace on the economic productivity front.
China’s external message to the world was very different from their internal communications. Beijing told us, the West, that the coronavirus was a very serious threat, and we should model our response after theirs if we wanted to get the situation under control. For reasons unknown, the vast majority of the West accepted China’s premise and recommendations without hesitation. Throughout the West, we continue to implement these catastrophic, pseudoscientific policies, which are all variations of the infamous Wuhan lockdown. Masks, lockdowns, curfews and the like, the so-called “new science” on COVID-19, all have origin points in China..............To Read More.... American Institute for Economic Research
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