While China’s borders remain closed, the global economy suffers
In March 2020, I wrote that life was returning to normal in China, but that other countries faced a longer wait. I did not imagine that this longer wait would extend until the summer of 2021. Meanwhile, China has returned to and maintained an essentially pre-Covid state – becoming a kind of parallel universe. In the last year, I have hiked in five provinces, organised a week-long in-person meeting in a tropical botanical garden involving scientists from 20 academic institutions, and attended scores of live music and dance events, featuring maskless musicians playing to packed, maskless crowds. GDP in the first quarter of this year grew 18.3%; in the EU, it fell 0.6%.… Seguir leyendo »