WEBVTT
X-TIMESTAMP-MAP=MPEGTS:900000,LOCAL:00:00:00.000

00:00:00.000 --> 00:00:08.120
[CC may contain inaccuracies] Is this the start of a shift when it comes to the Covid zero
strategy and why has the vaccination rate. I think too many been

00:00:08.160 --> 00:00:18.105
quite surprisingly low in China.
Yes it's a it's a. The policy announced yesterday is a very

00:00:18.100 --> 00:00:23.740
important policy initiative.
But if you asked me whether that means you know whether that

00:00:23.740 --> 00:00:32.380
means a immediate shift to China's Covid zero policy. Probably
not. Because if you still remember Xi Jinping just said during

00:00:32.380 --> 00:00:40.785
his trip to Holland last week that you know CAC zero is the
strategy to stay because no Covid zero is going to save lives.

00:00:40.780 --> 00:00:49.300
And and you know although you know economy may take a short term
hit China is willing to endure the short term economic pain. So

00:00:49.300 --> 00:00:56.070
it doesn't mean you know China's is going to abandon its Coke
Zero policy but it's definitely for Beijing. You know it's it's

00:00:56.080 --> 00:01:05.470
an important step. If more more cities around China adopt the
policy probably that would mark the beginning of a shift of the

00:01:05.470 --> 00:01:11.755
policy. You know low vaccination rate among the elderly and
Chinese is one of the main reasons why China is not you know

00:01:11.750 --> 00:01:20.205
choosing to live with the virus and ask most of the rest of the
world you know what it's doing. How is Shanghai doing. We have

00:01:20.200 --> 00:01:30.195
seen more concerns that we could see every new lockdown there.
Yeah concerns of you know a new wave or or a new round of

00:01:30.190 --> 00:01:39.375
lockdown are definitely increasing here after the city you know
reported you know a sharp increase in new cases over the past

00:01:39.370 --> 00:01:49.450
two days. There just reported more than 50 cases for yesterday
and more than a dozen or two dozen the day before yesterday in

00:01:49.450 --> 00:01:58.905
response. No the city has to ramp up testing. There is a
mandatory new round of testing starting the day before yesterday

00:01:59.120 --> 00:02:06.250
and there'll be another one tomorrow. And also many financial
institutions are you know some of the financial institutions we

00:02:06.250 --> 00:02:13.730
know are telling employees to work from home. So definitely you
know people are getting increasingly concerned about about you

00:02:13.730 --> 00:02:19.080
know about the virus.
And but you know what. What we what we think is you know the the

00:02:19.080 --> 00:02:27.700
government definitely doesn't want to see you know a new a new
citywide lockdown in the near future. That's why they are

00:02:27.700 --> 00:02:34.010
ramping up the testing. Stock investors getting concerned. You
know the stock took a hit yesterday. It's down like more than

00:02:34.010 --> 00:02:35.655
about 2 percent yesterday.