Ones and Tooze The Collapse of China's Zero-COVID Policy
Mar 18, 2022
The collapse of China's Zero-COVID policy is causing lockdowns for over 50 million people, threatening global supply chains and economic stability. The hosts also dive into the fascinating $8.5 billion global flower industry, highlighting the Netherlands' dominance and unique auction methods. Exploring cultural quirks in flower buying, they draw fun historical parallels, including the tulip bubble of the 17th century, and even connect it to today's NFT speculation. Lighthearted banter adds to the engaging discussion!
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Severity of Chinese Lockdowns
- China's lockdowns are more severe than anything seen in the US, comparable to European lockdowns.
- These lockdowns impact global supply chains due to factory closures in key production hubs like Shenzhen.
China's Zero-COVID Challenge
- China's zero-COVID policy is difficult to maintain when other countries haven't followed suit.
- Their problem is less about lockdowns and more about vaccination.
China's Vaccination Program
- Although China has distributed many vaccine doses, their homegrown vaccines are less effective, especially against Omicron.
- They haven't prioritized vaccinating the elderly.