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Posted (edited)

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  • The chief scientist of China's COVID vaccine project was kicked from the National People's Congress.
  • Yang Xiaoming, 62, is accused of "serious discipline and law violations," a phrase alluding to corruption.
  • Yang led the team that developed the Sinopharm vaccine, and was China's top researcher in its vaccine project.

 

The chief researcher of China's first general-use COVID vaccine was ousted last week from the country's highest organ of power.

 

Yang Xiaoming, 62, was booted on April 23 from the National People's Congress "due to serious discipline and law violations," state media reported this weekend.

 

The phrase typically means a person is under investigation for corruption in China.

...

The announcement about Yang comes amid China's sweeping crackdown on corruption in its healthcare sector, with investigations launched against hundreds of hospital deans and secretaries.

 

(more)

 

https://www.businessinsider.com/china-ousts-chief-scientist-yang-xiaoming-covid-vaccine-citing-corruption-2024-4

 

Edited by stats
edited per forum fair use quoting policy
  • Like 1
Posted
1 hour ago, Red Phoenix said:

In August, the anti-corruption campaign caused pharmaceutical A-share stocks in China to fall so sharply that it wiped out an estimated $27 billion market value within one day.

that's why you need to buy and hold.

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