I hope you are having a nice weekend! I do not usually publish on Saturdays but I wanted to share two new podcasts and briefly discuss today’s State Council news conference about Covid policies. The short answer is they announced no meaningful changes, so markets might be a little sad Monday. From Bloomberg -
The link to the Sinocism subscriber chat/podcast doesn’t seem to work. Hitting “sign in” doesn’t do anything.
The saying "The policies are also the most economical and effective.” was reported in the news but missing from the official press release. See below.
Also I am not sure how you read the word "science" or "scientific" in CCP lingo. It's probably not what you think. Definite not the West's definition.
Be very careful with Chinese official communication. "Previous practices have proved that our prevention and control plans and a series of strategic measures are completely correct". What does it really mean? It implies there are doubts over whether the policy is correct or not. "completely correct" is also a sign of low confidence.