Michael Pettis
Michael Pettis

@michaelxpettis

4 Tweets 1 reads Oct 06, 2022
1/4
According to the dean of the School of Economics at Fudan University, in the past, "local-level policy innovation played an integral role in driving China’s 'economic miracle'".
sc.mp via @scmpnews
2/4
But now, "most local governments have not adopted innovative approaches to implementing pandemic-related policies, and in many cases they have implemented such policies much more aggressively than required."
3/4
The reason, he says, "is because local officials fear the consequences of failure, which could include losing their jobs."
This has actually become a very common complaint, not just from businesses but also from individuals.
4/4
Local officials are so terrified of getting blamed for the spread of COVID that they always choose to do too much rather than risk ever being accused of doing too little.

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