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Showing content with the highest reputation since 09/10/21 in Posts

  1. One more vote for having TV integration with IG
    3 points
  2. I don't think I've mentioned this on here - but the stock market in 2000 - REPEATED the 1929 cycle - a quick look at a chart of the Nasdaq100 from 2000 and the DOW from 1929 confirms this, as the formation is similar and as you'd expect, anyway............. The stock market cycle from 2000 has played out beautifully - anyway to cut a long story short - IF, the Interest rate cycle repeated along with the stock market then the following dates should be observed and so far to date it looks again as if it is playing out nicely 1929-1951 = 22 years 2000 + 22 years = !!!!!!!!!!!!!! I wrote a thread on TIME CYCLES - the 1st post shows and explains the cycle and the sequence - backtrack this cycle and it hit 1929 too During the DOWN/DEFLATIONARY cycles you'll find that central banks throw the kitchen sink at efforts to stimulate things with little effect - the cycles down, nothing can stop it as its deflationary, BUT...... during the UP/INFLATIONARY cycles you find that price inflation, commodity spikes etc happen and the tools to combat that are Interest rate rises, tax rises etc etc etc I remember back in 2012 ish being told "Low rates are hear forever" by someone on some forum [not this one] - well lets see - I say rates will be back to 5-7% within the next 5 years [most likely a hell of a lot quicker] As humans, we have to position ourselves so that we are not burnt by adverse events, govts have proved they can't prevent crashes and the like PS - Stock Market - My expectation based on my analysis is its UP until the mid 2030's - obviously there will be plunges like 2020 along the way, but no major crash
    2 points
  3. Some Central bankers and other economists get carried away and think we high inflation. Some central banks policies as to create inflation in an deflationary period. How confused are they? Inflation has several meanings. For example we have hyperinflation in the stock markets valuations created from QE. Also, share buybacks is NOT investing in their own companies, but an illusion since nothing is invested in goods and services. This is not an experiment that some bankers have suggested. It has been done before with the same techniques, all to lead to a disaster for the average person and investor. Mountain of debt that governments have built up, even PRIOR TO THIS EPIDEMIC, is a result of voters buying by spend, spend spend money they do not have. And central bankers and banks encouragement advises -- let the future pay for it while the bankers milk huge profits from all this, until the domino collapses. Oh, the FED DOES NOT CONTROL INTEREST RATES and empirical data SHOWS THAT THEY FOLLOW THE BOND MARKET. This IS THE SOLUTION THAT NEVER HAS SOLVED PAST FINANCIAL CRISES, JUST PROLONGED THE CHAOS TO COME. iT WILL BE THAT MUCH BIGGER BUBBLE.
    2 points
  4. Thanks for the information! You helped me so much.
    2 points
  5. Looking at us500 the last few weeks shows there are small swings that you could potentially trade on but the stop needed would be very different to if you were aiming for the highest high. I've tried to show these minor swings. I think the only thing to do as you've said in the past is to split the lots or have multiple positions, one with an agressive stop and the other less so to give the market room. I just need to pick something and stick with it. I don't know how you do this full time, well I sort of do given this thread but hats off to you. Really I want a computer to do it all for me so I don't have to tie my brain in knots over it.
    1 point
  6. Hi @AndaIG Thank you for this, I will give it a go! Cheers Graham
    1 point
  7. Sold it off, good enough R value for me. Looked like it was losing steam. If it retraces a little I might look to come back in. But the market hasn't been so bullish in recent weeks so could be risky. I guess we will see how it shapes up
    1 point
  8. My stats for the last month. Am I doing this right?
    1 point
  9. Blue is entry, red is stop, black is target. The target is very optimistic but given that the stop has to leave a lot of room and perhaps my entry is not low enough as I'm above the swing low by quite a bit. I had an earlier position at the swing low but for that one I decided to cash it in early and I had some account recovery to do!
    1 point
  10. I'm up 5R on US 500, but do I know how to manage the trade from this point, not really. I'm very good at keeping the stop distant hoping for greater recovery and then throwing most of that away when the market turns. As has been happening recently. It's tight or distant or sell some of it off.
    1 point
  11. Hi @Hampshire321 The demo uses leverage too. So it works on the same principle as the live account. A 1GBP pp trade will equate to a 5 GBP loss if the market moves 5 points against you. All the best Anda
    1 point
  12. It's making me realise it's one thing to see a potential setup and another to manage the trade if it doesnt shape up the way you expect so that's something I need to figure out. I agree on the stop value, I've used similar but if you're expecting a move that lasts several days the trail needs to be considerably wider and then when it doesn't move off the way you expect it's more about damage limitation which for me means switching to a shorter time frame and trailing closer. Basically I think my point is that managing your exit is more important than where you enter and you need to have a plan for when it doesn't go according to plan!
    1 point
  13. Thanks for finding out. Much appreciated,
    1 point
  14. Hi @Frank57 Thanks for reaching out. Unfortunately the web-based trading platform does not have Renko charts. I will gladly forward your suggestion to our IT development team. All the best - MongiIG
    1 point
  15. HI @Kostas, Thank you for your feedback it will be forwarded to the relevant department. All the best - Arvn
    1 point
  16. Here is one Kafkaesque investigation which has resulted in the Lockdown King being issued by Victorian Police with two infringements valued at $200 each for breaching the state's mask mandate on both Wednesday and Thursday this week. https://www.9news.com.au/national/victoria-police-reviewing-why-premier-daniel-andrews-failed-to-wear-a-mask/6714112c-ca22-4538-8f38-57c76b8dea5f
    1 point
  17. I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
    1 point
  18. Ok thanks, i must admit i haven't looked into how Options work exactly but worth doing.
    1 point
  19. Hi @Vinodksing, The easiest way to find a stock is to use the search bar on the platform : You can right click on the stock you will like to add to you watchlist: I hope that it helps ! All the best - Arvin
    1 point
  20. cheers man, I don't know about him, What do you mean about "quant trading", can you recommend a book. Actually I was a quant for a long time, have a Maths PhD but my mistake before was ignoring markets and focusing purely on the numbers and theories. We strongly believed in efficient market hypothesis., the rational investor and random walk theory but in recent years I realized that people do not act rationally at all and there are opportunities to be had. Although I am still in my early days at this so as time goes on I hope to have broader experience
    1 point
  21. Lock people down and tell them they are free if vaccinated. Win for big pharma and lots of cash. Win for Governments and their digital IDs. Win for MSM that promotes the scheme and gets cash from both while advancing their own globalist political agenda. Obviously just a mad cap conspiracy theory. Meanwhile Dr Roger Hodkinson (Cambridge University UK, Royal College certified pathologist in Canada (FRCPC). ''You have been lied to from the start.'' Dr Roger Hodkinson destroys Covid in 4 mins. (rumble.com) Meanwhile No-lockdown Sweden shows zero increase in seasonal morality for the last 5 years. SWEDEN – seasonal mortality & excess deaths, flu season’s 2015/16 – 2020/21, Final Posted on October 12, 2021 by swdevperestroika SWEDEN – seasonal mortality & excess deaths, flu season’s 2015/16 – 2020/21, Final | systems perestroika – éminence grise (wordpress.com) Meanwhile lockdown UK sees not only an increase in excess deaths (more than expected) but also increased excess deaths at home which continue at around 800 a week (non-covid). These deaths are caused by an inability to access NHS health care or too frightened by the covid campaign of fear to even try. .
    0 points
  22. From the 'INTERNATIONAL JOURNAL OF THE ECONOMICS OF BUSINESS'; 'Covid-19 Lockdown Cost/Benefits: A Critical Assessment of the Literature' ''An examination of over 100 Covid-19 studies reveals that many relied on false assumptions that over-estimated the benefits andunder-estimated the costs of lockdown.''''... It is possible that lockdown will go down as one of the greatest peacetime policy failures in modern history.'' Covid-19 Lockdown Cost/Benefits: A Critical Assessment of the Literature (tandfonline.com)
    0 points
  23. A govt committee yesterday announced findings looking into govt mistakes said they should have locked down sooner haha. Dozens of research papers show lockdowns cost lives not saved them. But but it saved the NHS - no, the NHS was not under threat. The findings cover up a huge mistake and also lay the foundations for instant lockdowns this winter. It's almost like they want to normalise constant lockdowns (good for climate change agenda and good for social control). There can't be too many people left who don't suspect something major is going on. These crisis's have all had assistance. Covid, climate change, supply chain, energy. The only real crisis is the financial one where since 2007 the western world has been printing money like there's no tomorrow. History says hyperinflation will be the result. Or a massive devaluation via a recoinage into digital currency and the inevitable mass poverty. HumanProgress.org tells us 78% of US millionaires did not inherit their wealth but that may come to an end soon as the current Davos billionaires look to be raising the drawbridge to maintain their own elite status and keep others out. Feudalism, communism, globalism - different name same sh*t. The serfs will own nothing the elite's will own everything, the serfs will work to pay the rental on everything they need. But that's a political coup, something so serious would be on the telly right!!! First take control of the media - check. And of course digital IDs and a social credit score system will ensure total compliance. So how is everyone enjoying the Great Reset?
    0 points
  24. The drug companies plan to force a procedure on EVERYONE to find out if it's safe 🤔 The New York Times @nytimes Pfizer will fully vaccinate everyone in a Brazilian city over the age of 12 to study the safety and efficacy of their vaccine. The study will follow participants for up to one year to chart how long protection lasts against Covid-19 and the new variants. https://t.co/MiUq1nQTDE Fynn-derella @Fynnderella1 1d They are FLAT OUT DECLARING that they will force a medical procedure/clinical trial on people! This is highly illegal and goes against declaration of Helsinki and Nuremberg Code. They aren’t even hiding this! @nytimes worded it as such.
    0 points
  25. Flu season fast approaching and a reminder that the official govt guidelines for covid treatment is basically do nothing until you can't breath then call 111 or 999 (can't have any treatments undermining the vaccines now can we). New study of 68 countries and 2947 US counties show the vax does not reduce infection rates, in fact looks to be increasing them. At risk? What to do? Start on the prophylaxis protocol: (your govt probably won't let you have access to HCQ, Quercetin or Ivermectin) Special note on Vitamin D. 4000iu once a day tablets will suffice and can be bought on Amazon for less than £10 for 400. Reminder that official recommended daily dosages were instigated just after WW II and were the minimum required for basic survival not the optimum for good health. Study, Infection rates for vaccinated: https://t.co/426dMp8g2X
    0 points
  26. Oh dear, you are 904% more likely to die from the vaccine than be saved by it. 5 Min vid (in 2 parts to fit on post). Part 2; vaccine interesting report1 - 2of2.mp4
    0 points
  27. Oh dear, you are 904% more likely to die from the vaccine than be saved by it. 5 Min vid (in 2 parts to fit on post). Part 1; vaccine interesting report1 - 1of2.mp4
    0 points
  28. Our Glorious Leaders; 'Boris Johnson tonight on the BBC "I've given you the most important metric which is, never mind life expectancy, never mind cancer outcomes, look at wage growth." Presumably he means wage growth after shutting down jobs and wages for a year. Never mind that the vaccines don't actually work. ABC News @ABC JUST IN: More Americans have died from COVID-19 this year than from the virus in all of 2020, according to newly updated data from Johns Hopkins University. https://t.co/5Z4jQuICP3
    0 points
  29. What we have learnt.- there are 64 scientific studies, 32 random control studies that show Ivermectin is highly affective in treating covid.- In Singapore currently 99% of positive cases have mild symptoms or no symptoms at all (typical of western counties).- The IFR in the UK is 0.096% (typical of western counties).- The average age of death from covid in the UK is 82 (typical of western counties).- Politicians no longer follow the science because it no longer coincides with their agenda.- Politicians are deliberately refusing to acknowledge natural immunity because their goal is for 100% vaccinations whether people need them or not.- 100% vaccinations are needed for the issuing of vax passports to as many as possible, this will aid the transition from vax passports to digital IDs.- This is because for digital IDs to work as a means of social control they will need be issued to every man, woman and child.
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  30. 'Natural immunity is free and Big Pharma can’t stand it.' Or those in their pay like the WHO and politicians.
    0 points
  31. Posted this in the 'Covid and the Economy' thread March 2020 (data for South Korea, one of many posted at the time, all with similar stats). Nothing has changed (%) in 18 months. Current data for Singapore; The reason why PHE / Government have never published a chart / data like this is because it becomes very hard to push the fear agenda when 98.2% of cases are mild or asymptomatic. (datatosee.com @dontbetyet) .
    0 points
  32. Covid Early Treatment Protocols; Prophylactic Protocols; Prevention Protocols; Long Covid Protocols; Association of American Physicians and Surgeons Patient Guides and Home Based Treatment Guides. Very large resource links site. C19Protocols – Reducing Risk of COVID-19 Infection and Severity
    0 points
  33. Database of all ivermectin COVID-19 studies. 120 studies, 77 peer reviewed, 65 with results comparing treatment and control groups. Ivermectin for COVID-19: real-time analysis of all 120 studies (c19ivermectin.com)
    0 points
  34. ok, I saw the whole Palmer interview previously and he was asserting wrong doing with regards a Pfizer backed lobbyist, hopefully more investigations to come then.
    0 points
  35. Nice gadget. I don't use Excel but I will point some friends to it. Thanks for sharing.
    0 points
  36. Who said that I was "pro-lockdown" ? All I wanted to point with my posts is that your data/charts/reports are made up and full of fake data. That's all. Don't insult, think of your followers. They deserve a good leader.
    0 points
  37. Thanks for highlighting the text, we would have never found the right text in such a big paragraph. Just a question: are we supposed to look inside the red circles or outside? Another question: Is that question mark asking if the sentence should be a question or is reiterating that is indeed a question?
    0 points
  38. If European countries are removing Covid passports, does that mean that we don't have the Great Reset/EndOfDaWorld thing anymore? That's disappointing, I kind of believed you when you warned us about the end. The end is not near then? I am confused. Please explain. What are Davos' boys saying about it? They must be disappointed.
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  39. Oh 'The Great Reset' is back to the table. Have you run out of Covid related propaganda that you are now linking everything to an evil master plan to control us in darkness? Well, you have done it before, so I believe you are doing the same now. The end is near... Prepare your tin foil hats. Davos' boys had everything planned for two years and everything was part of a diabolical plan that will lead us to the abysm.
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  40. Ok, I just hope that you are consequent with your own words and don't get the Covid vaccine or don't wear a mask when you are asked to. I hope you are not like these folks: https://www.theguardian.com/media/2021/sep/15/fox-news-vaccines-testing-tucker-carlson I know... I know... the guardian... It is not right-win biased.
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  41. You get a 'vaccine passport' once you are vaccinated. You don't have to get one, you already have one if you had your vaccines. I don't mean covid vaccines, I mean any vaccine. That 'vaccine passport' has been already implemented for decades. It is the registry that any national health system has on your vaccines. Unless you are an exotic animal that has been living under a rock during your life you must have taken a vaccine at some point in your life, otherwise you would be dead. Here is a list for your education: https://www.cdc.gov/vaccines/parents/diseases/forgot-14-diseases.html I am sure that you are vaccinated of at least 90% of that list. So that vaccine passport is just what you already have, my dear, if you happen to live in Europe or the UK just go to the National Health app and click on 'Travel' , there you will see your 'vaccine passport' It is already implemented, I had to show it to fly twice this year in two different airports.
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  42. In the US the FDA rejects go ahead for booster shots. 'FDA Panel Rejects Pfizer Booster Jabs Scuttling Biden Administration's Plan. Endorses Limited Shots For "At Risk" Elderly.' Slide from FDA meeting: 𝗥𝗶𝘀𝗸 𝗼𝗳 𝗖𝗼𝘃𝗶𝗱 𝗱𝗲𝗮𝘁𝗵 𝗳𝗼𝗿 𝗮 𝗵𝗲𝗮𝗹𝘁𝗵𝘆 𝟯𝟬 𝘆𝗲𝗮𝗿𝘀 𝗼𝗹𝗱: 𝟬.𝟬𝟬𝟬𝟰%. 𝗧𝗵𝗮𝘁 𝗶𝘀, 𝟭 𝗶𝗻 𝟮𝟱𝟬,𝟬𝟬𝟬. ''Biden White House intended on rolling out booster shots in 3 days. Today, FDA overwhelmingly voted to shut that down. 1st clear revolt from bureaucracy during this admin. Sparked by 2 top officials retiring & denouncing boosters in Lancet paper. Interesting developments for sure.'' FDA Panel Rejects Broad Pfizer Booster Jabs Scuttling Biden's Plan, Endorses Limited Shots For "At Risk" Elderly | ZeroHedge Also in the US; BREAKING: General Dynamics Corporation CANCELS Vaccine mandate after roughly 40% of employees decline the jab & threaten to walk.
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  43. https://www.washingtonpost.com/lifestyle/wellness/narcissism-mask-covid-psychology/2020/09/25/d3de1b32-fe9c-11ea-9ceb-061d646d9c67_story.html
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  44. 'Vermont, with the highest vaccination rate in the country — 88% of adults at least partially vaccinated & 79% fully vaccinated — is about to set a new high in COVID cases, just 3.5 months after Fauci said with 50% of adults vaccinated we wouldn’t see significant surges. Whoops!' IM @ianmSC 16h
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  45. Interesting charts from Michael Levitt of Stanford Uni, Excess deaths way lower in no-lockdown Sweden vs lockdown US, UK, France, Italy and Spain. Also the under and over 65s deaths split. Note in Sweden the under 65s is flat while UK shows definite spikes. We know from studies that lockdown increases spread rate of covid and increases non-covid excess deaths by 'denial of health care'. Remember this when Generalissimo Boris John Sun orders lockdowns this winter to protect the NHS overburdened with excessive waiting lists caused by the last lockdowns.
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  46. Ha, schools trying to duck out of their responsibilities to pupils over the covid vaccinations, won't work. Very good article on Vaccine ADE and the covid vaccines with links to recent research papers. (STUDY) Why so many vaccinated people are getting sick: Antibody Dependent Enhancement (ADE) DATED: AUGUST 17, 2021 BY SHARYL ATTKISSON 139 COMMENTS 'In a new study in the Journal of Infection, scientists explain one likely reason why so many vaccinated people are getting sick: a dangerous phenomenon called Antibody Dependent Enhancement or ADE. Despite the fact that multiple medical authorities predicted, told us, and hoped, ADE would not impact Covid-19 vaccines, data from the study indicates it has done just that. According to the new study, data suggests that the Covid-19 vaccines originally appeared to provide an overall benefit in fighting the virus. However, when it comes to one of the newer iterations of Covid, the Delta variant, the vaccines appear to facilitate infection displaying "a strikingly increased affinity" for the virus' trademark spike protein.' .(STUDY) Why so many vaccinated people are getting sick: Antibody Dependent Enhancement (ADE) | Sharyl Attkisson
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  47. China has fully vaccinated more than 1bn people Accounting for more than a third of the 5.18bn shots that have been administered globally. By Bloomberg News 16 Sep 2021 China has fully vaccinated more than 1 billion people against Covid-19 — over 70% of its total population — powering ahead of the US and Europe despite having no immediate plans to ease some of the strictest pandemic measures in the world. A total of 2.16 billion doses have been given in China as of September 15, Mi Feng, a spokesperson at the National Health Commission, told reporters in Beijing on Thursday, fully inoculating more than 1.01 billion people. The milestone comes nearly 10 months after China give its first conditional approval to the inactivated vaccine from state-owned Sinopharm and kicked off the biggest immunisation campaign in history. Another six inoculations developed by domestic drugmakers and academic institutes have since been cleared and rolled out to those aged 12 and older. The success of China’s vaccination strategy hasn’t averted flareups of the pathogen in recent months, and questions remain about how effective the shots are, especially against the newest variants. The nation is currently battling a cluster in the southeastern province of Fujian after squelching an earlier delta outbreak, the broadest it’s experienced since Covid first appeared in Wuhan. World leader The pace of the program puts China in the lead among the world’s biggest economies. Just over half of the population in the US and Japan is fully vaccinated, while the rates in the UK and Germany exceed 60%. India lags, with less than 15% of its population fully protected, according to Bloomberg’s Vaccine Tracker. China has been even more successful in the mega cities lining its developed eastern region. More than 97% of adults in the capital of Beijing are fully vaccinated, as are 80% of the residents over the age of 12 in nearby Tianjin. The rate is approaching 80% in the financial hub of Shanghai and in the neighboring Zhejiang Province. In contrast, the hinterland provinces and those in the remote west have lower vaccine coverage levels. China accounts for more than a third of the 5.18 billion shots that have been administered globally. Beijing has also exported 800 million doses to the rest of the world. It has signed off on giving booster shots to those at the greatest risk of contracting the virus or developing severe Covid, including people over 60 years old. While the arrival of the more infectious delta variant means herd immunity is unlikely to be reached, countries around the region are increasingly pegging reopening and the lifting of restrictions to vaccination in hopes that it will make Covid infections no more than minor ailments for most people. China has signaled it won’t go down this path. The country’s health minister vowed in August to stick to its playbook of early detection, mass testing and aggressive controls to snuff out any sign of the virus, saying the approach guarantees economic growth. Epidemiologists from the Chinese Center for Disease Control and Prevention, which advises Beijing on its Covid response, have repeatedly said vaccinations must be coupled with existing curbs to prevent outbreaks. Yet that combination appears unable to stop the delta variant. It has breached China’s stringent controls more easily than earlier strains of the virus, and its transmission can occur covertly for days before it’s detected by China’s heightened surveillance. Thus far, however, vaccination has spared most people from severe illness. The escalation of curbs rather than reliance on vaccines to blunt the spread of the virus, including transportation restrictions and lockdowns, has weighed on the world’s second-largest economy. The moves dampened consumer spreading, with retail sales slumping to 2.5% in August, and hindered travel during what is normally one of the busiest periods of the year. Industrial output and investment also slowed versus economists’ estimates. Chinese officials have said the country will eventually reopen and rely on the protection afforded by its vaccines once it’s safe to do so. There’s no indication yet of when that will be. © 2021 Bloomberg
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