3 ms·
I think China was looking at an existential threat to the government, and so made a calculation to trade a recession for survival. Their response was unpreceden
by pbourke 7y ago
I think China was looking at an existential threat to the government, and so made a calculation to trade a recession for survival. Their response was unprecedented, brutal and effective. I think it goes beyond face - lying at this stage would just lead to more Wuhans and eventually collapse.
At least that’s my current thinking - I was in your camp until a week ago or so.