Countries that relied on Chinese vaccines are now battling resurgence of Covid

Data from several countries like Chile, Bahrain, Mongolia suggest that the Chinese vaccines may not be very effective at preventing the spread of the Chinese Virus 

These countries are using vaccines made by two Chinese vaccine makers, Sinopharm and Sinovac Biotech

Bahrain and the United Arab Emirates were the first two countries to approve the Sinopharm shot, even before late-stage clinical trial data was released

Since then, there have been extensive reports of vaccinated people falling ill in such countries

The Chinese have also not been transparent about the clinical trials of their vaccines 


Read more:

https://www.nytimes.com/2021/06/22/business/economy/china-vaccines-covid-outbreak.html

Comments

Post a Comment

Popular posts from this blog

Only 0.05% of vaccinated healthcare workers got severe Covid that required intensive care

Only 0.05 per cent of vaccinated healthcare workers got severe Covid that required intensive care, showed a recent study released by Fortis Healthcare. The study covered over 16,000 healthcare workers across Fortis hospitals in the country, who were administered both first and second doses of the vaccine between January 2021 and May 2021.  Fortis said that this period included the period when India was recording 350,000-400,000 daily Covid-19 cases and these healthcare workers were treating Covid patients. Since healthcare workers by the nature of their job are at highest risk of exposure to the virus, the performance of the vaccines will be even better in case of the common man who is not exposed to such conditions. Read more: https://www.business-standard.com/article/current-affairs/only-0-05-fully-vaccinated-healthcare-workers-got-severe-covid-fortis-121061701236_1.html
Read more

Lessons from China on bad banks to solve NPAs

After the Asian financial crisis, China set up dedicated bad banks for each of its big four state-owned commercial banks. These bad banks were meant to acquire non-performing loans (NPLs) from those banks and resolve them within 10 years. In 2009, their tenure was extended indefinitely. In 2012, China permitted the establishment of one local bad bank per province. In 2016, two local bad banks were allowed per province. By the end of 2019, the country had 59 local bad banks. However researchers have found that the Chinese bad banks effectively help conceal NPLs.  As India gets ready to operationalize  a new bad bank, the National Asset Reconstruction Company Ltd. (NARCL), we need to learn the following important lessons from the bad experience of the Chinese: A centralized  bad bank has a temporary purpose, and need not exist in perpetuity. Transferring NPLs to a bad bank is not a solution in itself. There must be a clear resolution strategy and the...
Read more

NCLT benches have become the weak link of the IBC

 The NCLT benches have become the weak link of the IBC  There have been inordinate delays at the NCLT, mainly due to inconsistent application of law, lack of institutional capacity and the tendency to entertain frivolous cases by promoters and disgruntled creditors Supreme Court has conclusively ruled on contentious issues under the IBC such as supremacy of commercial wisdom of financial creditors, subordinate status of operational creditors and bar on promoter participation.  Yet the NCLT continues to entertain petitions questioning settled positions.  It is commonplace to find contrarian orders passed on emotive grounds bereft of legal reasoning which defy statutory provisions and the Supreme Court’s orders Erroneous decisions are set aside at the NCLAT and the Supreme Court, but it needlessly waste time  If the NCLT is taking unreasonably long to approve a plan then it must submit a report to the NCLAT, justifying the delay. Failure to reform the NCLT will bl...
Read more