Global demand for vaccines drops sharply
Chinese biotech firm Kexing Holdings has made a fortune selling Sinovac's Chinese vaccine. A few days ago, however, it became known that the bonus payments were withheld and most of the workforce has been laid off. Exports of Chinese vaccines (Sinovac, Sinopharm, CanSino) were 97 percent lower in April than in September 2021.
Published: May 14, 2022, 12:26 pm
The Chinese outlet Caitong News reported, citing Kexing employees, that the company made a profit of 82 billion yuan (around 11.6 billion euros) last year. At the same time, the company announced that the year-end bonus payment for the past year would be “postponed”.
Shortly thereafter, Kexing suddenly announced massive layoffs. According to Kexing officials, the company has given staff two options: resign themselves and collect an indefinite severance pay, or take indefinite leave. In the latter case, with 80 percent of Beijing’s minimum wage as compensation.
According to the report, Kexing (Sinovac) has already laid off up to 70 percent of its staff. After the last wave of layoffs was completed in April of this year, the year-end bonuses were then distributed to the remaining employees on April 25. There is no statement or justification for the layoffs by Kexing. However, according to Japanese media reports, China’s vaccine exports have fallen sharply.
Thus, Nikkei Asia, citing UNICEF, reported that the vaccine against Covid-19, which is manufactured by three Chinese companies Sinopharm, Sinovac and CanSino, exported a total of 6,78 million doses in April this year. This is a drop of 97 percent compared to the peak exports in September 2021.
Massive drop in exports also for other Covid jabs
Global demand for vaccines has fallen sharply this year. Not only the exports of Chinese vaccines have fallen sharply due to their ineffectiveness against the Omicron variant.
Exports of Moderna’s and Pfizer’s mRNA drugs are also down 57 and 71 percent, respectively, compared to September last year, according to the report. Pfizer’s exports are nevertheless still eight times those of the three Chinese companies combined.
In South Africa, vaccine production has been grinding to a halt due to the fact that there are no orders.
Vaccine production in Africa almost halted
In South Africa, for example, the pharmaceutical company Aspen, which produces its own filling of the vaccine from Johnson & Johnson and sells it under the name Aspenovax, reported that there were no orders.
“It is feared that the production of the vaccine in South Africa will have to end. There is simply no demand for it. Not a single order has come in for weeks,” German daily Süddeutsche Zeitung reported.
The risk is “very high that the company will actually stop producing Johnson & Johnson vaccines,” the head of the African health authority (African Centers for Disease Control and Prevention) is quoted as saying in the report. Only around 12 percent of the population in Africa have been vaccinated twice. About 40 percent of the vaccine doses shipped to Africa were not used.
The over-supply of free Covid-19 vaccine doses — donated by high-income countries — had closed the gap that Aspen was meant to fill in the market.
According to another German daily, the Tagesanzeiger, millions of BioNTech vaccine doses will have to be disposed of in June.
The comparatively young population of Africa is hardly affected by Corona and faces completely different challenges, such as malaria or the impending starvation catastrophe. Against the background of the threat of starvation or an infection with malaria, which affects millions of people and kills hundreds of thousands every year, there is simply no room for media hysteria around the Corona virus.
All rights reserved. You have permission to quote freely from the articles provided that the source (www.freewestmedia.com) is given. Photos may not be used without our consent.
Consider donating to support our work
Help us to produce more articles like this. FreeWestMedia is depending on donations from our readers to keep going. With your help, we expose the mainstream fake news agenda.
Keep your language polite. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in, for example, Germany. Illegal content will be deleted.
If you have been approved to post comments without preview from FWM, you are responsible for violations of any law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.
If your comments are subject to preview by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.
We reserve the right to delete comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.
Thousands of Flemish farmers block roads in Brussels against nitrogen policy
BrusselsMore than 2500 farmers from Belgium's Dutch-speaking Flanders region gathered at Brussels' central Arts-Loi street and blocked roads with tractors toward Brussels to protest the regional government's plan to limit nitrogen emissions.
Orban: EU energy sanctions costing citizens billions
BudapestHungarian Prime Minister Viktor Orban has warned that some western states could soon send troops to Ukraine. He also criticized the fact that the EU sanctions against Russia had cost Hungarian taxpayers tens of billions of euros.
Italy: New leader of the Social Democrats is one of Soros’ ‘preferred politicians’
RomeDuring the election campaign, Elly Schlein presented herself as the standard-bearer of the poorest. However, her background and previous work raise doubts about her honesty.
UK greenhouses shut down due to high energy costs
LondonIn Great Britain, a particularly depressing facet of the crisis is now showing its first contours - and thus anticipating what is likely to happen in other European countries in the near future: because of the exploding energy prices, agriculture is being strangled and fresh produce has to be rationed.
Lisbon opens borders to all Portuguese speakers
LisbonNot only the German and Italian governments keep opening new paths for immigration. Portugal, too, has opened a Pandora's box and is paving the way for possibly millions of non-European immigrants to the EU – something which is not mentioned by the mainstream media.
Illegal immigration to Italy has reached its highest level ever
RomeIn Italy, despite the overwhelming right-wing electoral success in September, there is still nothing to be seen of the promised asylum turnaround – on the contrary. Giorgia Meloni has been in office for five months, but the arrivals of migrants in Italy have doubled compared to the previous year.
Dismantling diplomacy with ‘feminist foreign policy’
BudapestGerman Foreign Minister Annalena Baerbock (Greens) wants to counter German security issues abroad with feminist politics. Gender training, LGBTQ events and quotas are now part of their new guidelines, which are intended to bring about "cultural change". The German ambassador to Hungary, Julia Gross, provided an embarrassing example.
Germans demand investigation of Nord Stream sabotage
BerlinAfter the sensational revelations by US investigative reporter Seymour Hersh about the perpetrators of the Nord Stream attacks on September 26, 2022, the German government has remained silent. It does not want to comment on Hersh's research results, according to which the pipelines were blown up by Americans and Norwegians.
Macron mulling withdrawal of Putin’s Legion of Honour award
ParisAt the end of Jacques Chirac's term in 2007, France and Russia still maintained cordial relations. During his speech at a tripartite summit, the French president had even mentioned bilateral relations that were "excellent in all respects, particularly in the fields of energy, infrastructure and aeronautics".
UN dossier sounds the alarm : ISIS cells eye Balkan route
New YorkThe risk that terrorists could reach the Mediterranean coasts is growing. A UN dossier has warned that jihadists have been crossing the Balkans in attempts to reach the EU.