Lockdowns were extended in Shanghai as China continues to fight Covid outbreak.

Analyst Comment: China has continued its aggressive Covid control policies despite overwhelming evidence of their failure. China has only succeeded in delaying the spread of new Covid variants that have already swept through most of the developed world. In this analyst’s opinion, China‚Äôs inability to manage the outbreak is evidence that this was not a planned release. They have shown every indication of being unprepared for Covid.