China’s leaders reiterate and adapt covid strategy (trans.) ¹
China trims coronavirus quarantine and contact tracing
China’s commentators question covid strategy ($BBG)
Pakistan to ration gas supplies as EU absorbs more LNG
U.S. diesel prices climb as inventories dwindle ($NYT)
U.S. diesel prices rise with stocks low ahead of winter
Global insurers press for more details on oil price cap
¹ The Politburo Standing Committee special study session on epidemic control is top news across all government-controlled media. Reverse engineering the official commentary, top leaders seem anxious to counter political and social fatigue with repeated lockdowns, reinforcing the current zero-covid strategy in the short term despite its rising costs, while also searching for a way out via improved vaccination rates and the development of new vaccines and therapeutic drugs.
U.S. SERVICE SECTOR prices increased at an annualised rate of +7.8% in the three months to October, more than three times faster than the central bank’s target, ensuring that interest rates are likely to continue rising:
BRITAIN’s economy entered a recession during the third quarter with real gross domestic product declining in three out of four months between June and September. So far the downturn has been led by manufacturing but is likely to spread to construction and services:
JKempEnergy.com 