The epidemic situation in China is severe, the number of people infected with the epidemic has increased sharply, and the medical capacity is on the verge of collapse.

(Associated Press)

[Financial Channel/Comprehensive Report] The epidemic in China is out of control and has become a catastrophe. Xi Jinping still ignores human lives and refuses vaccine assistance from the United States and other Western countries.

The British media pointed out that this wave of epidemics may cause millions of deaths and the economy will be paralyzed. Many enterprises and logistics will be shut down due to the lack of work of employees infected by the epidemic. Zhejiang factories will be forced to take their annual leave in advance. There are various signs that the tsunami of the epidemic in China may hit the global supply chain again, and all this is due to Xi Jinping's misjudgment and arrogance.

The British Daily Telegraph (The Telegraph) reported that in the past 20 days, about 248 million people in China have been infected with the epidemic. The whole of China has been shrouded in a new wave of devastating viruses. Long queues started, crematoriums kept running, and the economy began to falter.

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In order to reduce the loss of life in China and avoid spreading to the whole world, both the United States and Germany have offered to provide mRNA vaccines to China, all of which were rejected by Xi Jinping.

Steve Tsang, a researcher at the Royal Institute of International Affairs (Chatham House), a British think tank, believes that using Western vaccines is tantamount to admitting that China has screwed up, and Xi Jinping will never tolerate this.

This wave of the epidemic has once again impacted the fragile economy. Shanghai Port, the world's largest container port, has affected its operations due to the infection of its employees.

The director of research at Torvald Klaveness, a Norwegian shipping company, said on Twitter that the epidemic in China is out of control, and 90% of the Chinese agents employed by the company are unwell. These people are located in Beijing, Tianjin, Shanghai, Ningbo, Guangzhou, etc.

Overland logistics are also on the brink, hampering the delivery of vital parts and forcing some factories to temporarily close.

Alice Tang, a transportation planner at freight company ITS Cargo, said that many factories have decided to take the Lunar New Year holiday earlier, and some textile factories in Zhejiang have asked workers not to come back for two months.

Freight management company Zencargo has warned that truck driver infections could wreak havoc on supply chains, threatening shipping schedules for businesses around the world.

Ducan Wrigley, chief China economist at Pantheon Economics, also told clients that China is not out of the woods yet and won't see the light of day until the second quarter of 2023.

George Magnus, an economist at the China Center at Oxford University, said that the bleak economic situation has the potential to hit Xi's personal authority. "I think this crisis proves that China's governance mechanism under Xi Jinping is seriously flawed."

The report bluntly stated that as medical capacity and funeral homes across China are on the verge of collapse, and businesses have come to a standstill, the human and economic costs of Xi Jinping's mistakes have become increasingly clear.

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