China Becomes Largest Economy To Join WHO-Backed Global COVID-19 Vaccine Initiative

The COVID-19 vaccine initiative known as COVAX received a boost on Friday (Beijing time) when the Chinese Foreign Ministry announced that the country had officially joined the facility, Reuters reported.
What Happened: China pledges support for the vaccine initiative, which focuses on low and middle income countries.
The ministry did not comment on the scope of its commitment, but President Xi Jinping pledged $ 2 billion in May to help mitigate the effects of the global coronavirus pandemic over the next two years.
According to Reuters, a Chinese government spokeswoman hoped "more capable countries will join and support COVAX".
Why It Matters: World Health Organization-led COVAX aims to deliver nearly two billion doses of vaccine by the end of 2021, according to Reuters.
According to reports, the WHO has negotiated with China, the world's second largest economy after the US, while Russia and the US have not yet joined.
China is set to expand its domestic vaccination program and, according to the Financial Times, thousands of people have already been given the Sinopharm Group's (OTC: SHTDY) vaccines. Health experts claim that offering vaccinations to the public in China is "bizarre" and very risky at this point in time.
The COVID-19 pandemic has killed over 1 million people, according to the Johns Hopkins Coronavirus Resource Center.
Photo by Paul Kagame on Flickr
See more from Benzinga
Options Trading For This Crazy Market: Get Benzinga Options To Follow Compelling Trading Ideas
Google sister Waymo introduces self-driving taxi service to the public
Apple is extending Free TV + subscriptions through February
© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.

You should check here to buy the best price guaranteed products.

Last News

Meghan Trainor’s 4-Month-Old Speaks First Words In New Video

‘Vanilla Kind of Guy’: Lawyer Roasts Capitol Rioter in Bid to Keep Him From Jail

Jordan tears into DOJ officials for hostility to Meadows' election fraud inquiries

Dad discovers 11-year-old has been drinking ‘mimosas’ in the bathtub: ‘Who showed my little girl how to make mimosas?’

Mom proves all women are married to the same man in hilarious TikTok: ‘I feel attacked’

Kelly Clarkson on aging and why her body is an 'anomaly': 'I can literally gain 2 sizes, or lose 2 sizes, from morning to lunch'