China, she declared , would be clinging to its "dynamic zero-Covid" strategy "without hesitation or wavering." It marks a new chapter in China's zero-Covid policy which began two years ago, after the situation was brought under control in Wuhan. Now, the renewed emphasis on zero-Covid also reinforces the perverse incentive structure in China's political hierarchy. While Xi hoped to minimize the cost of a zero-Covid strategy, this renewed campaign will rapidly and exponentially take a heavy economic toll. So what is the breaking point in China's zero-Covid policy?

Source: CNN April 08, 2022 22:40 UTC