Replies to post #23805 on The Rising Influence of Rising Affluence

[DewDiligence]

The BNTX situation in China has led to a heated Twitter thread:

I highly doubt there is anything actually amiss with $BNTX's production lot. Rather, I suspect that China is punishing BNTX b/c HK residents prefer BNTX/PFE's vaccine to Sinovac's, and China's China's Party can't tolerate such a loss of face.

— Roy Friedman (@DewDiligence) March 24, 2021

(scan up and down)

[DewDiligence]

HM-B.ST—>yet another_multinational_bullied_by_ China:

https://finance.yahoo.com/news/h-m-stores-vanish-china-035713084.html

Hennes & Mauritz AB outlets appeared not to show up on Apple Maps and Baidu Maps searches in China on Friday after the fashion retailer found itself at the center of an escalating spat over human rights in the contentious region of Xinjiang.

Users in Beijing reported that any searches for H&M in either Apple Maps on the iPhone or Baidu Maps returned no results. Competing retailers, such as Uniqlo outlets, continued showing as usual. A similar search in Google Maps showed over a dozen H&M locations in the capital or its vicinity, though that service is only accessible to locals via the use of a virtual private network that skirts a state ban on products from the Alphabet Inc. unit.

…The disappearance of H&M’s physical stores from online maps comes after the retailer was removed from Alibaba’s e-commerce platform earlier this week as the controversy escalated. The company had been blasted by China’s Communist Youth League and the People’s Liberation Army Wednesday after social-media users dug out an undated statement about accusations of forced labor in the region’s cotton-picking industry. The statement appears to have since been removed from H&M’s website as of Friday.

[DewDiligence]

China still_hasn’t_approved PFE/BNTX_vaccine—reason_is_what_you_probably_thought:

https://www.wsj.com/articles/china-delays-approval-of-biontech-covid-19-shot-to-preserve-confidence-in-chinese-vaccines-11630069630

China’s government is slow-rolling approval of its first foreign Covid-19 vaccine out of concern it could undermine confidence in Chinese vaccines, delivering further evidence of the tenacity of vaccine nationalism in the face of a resurgent pandemic.

In addition, the delay buys more time for Chinese drugmakers to introduce their own mRNA vaccines, according to the people and drug industry executives in China.

This, despite the fact that BNTX in in a joint venture for the vaccine with Fosun Pharma (which happens to be RVNC’s Greater China partner for Daxi).