China surrenders to OMICRON Frankenstein

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Mwahaha. OMICRON is beating the Communist Party of China:

China hasn’t budged in its opposition to living with the virus even in the midst of the country’s worst outbreak, but its leaders are now pursuing an easier containment strategy in the uphill battle to tame the hyper-infectious coronavirus.

Omicron’s extensive spread means returning to zero local cases is a tall order, even in cities that repeatedly test all residents, trace close contacts and confine everyone to their homes while the virus rages. Instead, officials have now decided that infections among close contacts already corralled into isolation facilities don’t pose a high risk.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.