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Covid-19 vaccine should be priced as a public good, not a commodity
As the Covid-19 pandemic is a public health crisis, a Covid-19 vaccine should be considered a public good, which is nonexclusive and non-rivalrous. If the less well-off in society are cut off from access to the vaccine, it could trigger more outbreaks
China’s economy has recovered from the worst, but challenges remain
Experts are divided over China’s economic strategy. While some have argued for more aggressive and expansive monetary and fiscal policies, others advocated for a more prudent and cautious approach
China cannot afford a second wave of runaway real estate prices
Several factors are behind the recent resurgence in house price. While the government has injected liquidity into the economy to mitigate the pandemic’s impact, domestic and international uncertainties have led some enterprises to seek a safe haven in the real estate market
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The world needs a better form of globalization
The coronavirus pandemic, which caused severe disruption to global supply chains, has further exposed the negative impact of globalization on domestic economies. As the world seems to have arrived at a crossroads, policymakers around the globe should take a new approach to establishing a new form of globalization
Universal healthcare is not a panacea for the problems of China’s health system
To solve the problem of affordability for low-income groups, the Chinese government should increase its budget for their healthcare to guarantee basic medical services
China should adopt more expansive economic policies in response to Covid-19
Despite these positive signs, the government should not be complacent. As the global pandemic is still ongoing, and is yet to reach its peak, the government should prepare for the worst and take an aggressive approach to mitigate its impact.