CHINA WATCH: Covid not controlled, Stocks plunge

CHINA WATCH: Covid not controlled, Stocks plunge

The East Is Red.

The Chinese Hang Seng–PRC’s version of Wall Street stock exchange closed down 7.2% over bad news: new Covid lockdowns in the northeast Jilin province, Ukraine was jitters, and worries about China-Russia effect of sanctions. The Chinese real estate market has been fragile for months, and this can’t be good news for President-for-Life Xi.

Looks like there’s a new Variant Omicron BA.2. Thanks, China!

Now China appears to have a lot of issues, and smash-and-grab invasions may seem less promising than a few weeks ago. Maybe the golden moment of opportunity for jumping Taiwan has passed? We can only hope.

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