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China has Covid-19 under control and "they have got a very strong economy," Cramer said in explaining his reasons for the shift.
The coronavirus originated in China late last year. However, the communist government took quick extraordinary steps to mitigate the outbreak, including aggressive, long-lasting lockdowns, thousands of health checkpoints and mass testing.
Many Western countries, including the U.S., did not act as rigorously or as quickly, leading to a pandemic that is surging again as the weather turns cold.