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China Approved COVID-19 Vaccine For Military Use- Economic Impact And Upcoming Global Double Dip Recession?
By Investment Income for Life  •  June 29, 2020
This is earth shattering news. China is so far the fastest country that has released promising results from its Phase 2 clinical trial. CanSino Biologics reported that its vaccine developed jointly with the Beijing Institute of Biotechnology in the Academy of Military Medical Science, is safe and somewhat efficient. China has approved the use of this vaccine for its military personnel for 1 year. Of course, for mass commercial use by the general population, Phase 3 larger scale clinical trial will need to be concluded. From July'20 to Sep'20, we would also expect release of some results from the phase 2 and if lucky, phase 3 clinical trials results from USA Moderna and UK Oxford AstraZeneca. I think that the World Health Organisation and many government authorities repeated message that a successful vaccine will only be out in another 12 months time is too conservative an estimate. The main reason I...
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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