Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
November 8, 2022: On Sunday, China reported its highest count of recent Covid-19 infections in six months, a day following health officials said they were being with strict coronavirus curbs, such as disappointing current investor wishes for an easing.
China recorded 4,420 recent locally transmitted Covid-19 infections, the National Health Commission added, the most since May 6 and is reached up from 3,659 recent local cases a day earlier.
While case numbers are meager by global standards, China has stuck with a zero-Covid approach almost three years into the pandemic, including lockdowns, quarantines, always testing, and a severe decrease in inbound travel.
On Saturday, at a news discussion, health officials reiterated their commitment to the “dynamic-clearing” coming at Covid cases as they emerge.
China’s anti-Covid measures are “completely correct, and the most economical and effective,” stated disease control official Hu Xiang. “We should adhere to the principle which puts individuals and lives initial and the broader strategy to prevent imports from outside and internal rebounds,” he added.
Chinese stocks increased in the previous week on rumors of a possible easing of the Covid curbs and media reports that a few tweaks to policy could be soon coming.
Although, many analysts have added that they do not expect significant cushioning to start until after China’s annual parliamentary session in March.
Goldman Sachs reviewers stated Saturday’s announcement shows “the government is in need to keep its zero-Covid policy until all preparations are over. Following few months, in our view,” they stated that their “baseline” expectation is to reopen in the April-June quarter.
The southern city of Guangzhou resumes to convey increasing infections, with 66 recently locally transmitted symptomatic and 1,259 asymptomatic cases, seen with 111 symptomatic and 635 asymptomatic patients a day before, officers in the city of almost 19 million people added.
China’s capital Beijing further said that 43 symptomatic and six asymptomatic cases, such as 37 symptomatic and five asymptomatic patients the previous day.
Still, the annual Beijing marathon took place under strict Covid protocols after being canceled the previous two years.
Some 26,000 people reported the event that started under smoggy skies in central Beijing’s Tiananmen Square. Runners needed to take PCR tests for the three days which led up to the race and not leave Beijing for seven days.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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