As the US ramps up its vaccine diplomacy, China has increased its donations and accelerated a technology transfer in recent months, but analysts said the competition was unlikely to ease the shortage for most developing countries, or cause any geopolitical shift.China has long boasted that its commitment to supplying the jabs is a global public good. It is the largest vaccine supplier to the developing world. By October 4, it had sold 1.
Even now, China’s jabs are much sought after, particularly by developing countries, and because of the supply gap overseas governments are willing to pay for the pharmaceuticals.An industry source who declined to be named said the huge demand meant pharmaceutical firms could sell their products above domestic government procurement prices.
In general, Chinese doses cost less than the mRNA vaccines by Pfizer or Moderna, but are more expensive than the jabs by AstraZeneca and Johnson & Johnson. “With a capacity of 5 billion doses per year, capacity is not a concern for China … The capacity issue continues to be a bottleneck for US vaccine diplomacy,” Huang said.
“Equity cannot be achieved by vaccine diplomacy because they tend to focus on countries that are strategically important to the two major powers.”Some of China’s overseas buyers, such as Brazil and Indonesia, are diversifying their portfolios as more options become available.
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