China may have already won the race. Five of the 10 vaccines that are undergoing Phase Three trials are by Chinese pharmaceutical companies. As it is, the vaccine by a subsidiary of SinoPharm Group Co has already been tested on hundreds of thousands of Chinese themselves. A testament to Chinese confidence is the Golden Week — the one-week holiday in October where reportedly more than half a billion Chinese will be travelling.

Elsewhere, Covid-19 has upended the global order in many ways. China — where the virus is believed to have originated — is seen very much as a First In, First Out economy. The middle kingdom — with a population of over 1 billion — was able to control the spread of Covid-19 with draconian measures. Then again, Taiwan controlled the spread with no Covid-19 cases reported since April. New Zealand, most of Australia, Vietnam, South Korea, and increasingly Singapore are reporting a handful or no cases.

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