This discussion features Simon Cox, a China economics expert from The Economist, and Simon Speakman-Kordahl, who writes about the growing cycling movement in the Arab world. They dive into the challenges of China's zero-COVID policy amid the Omicron variant, revealing its toll on the economy and consumer confidence. Additionally, they explore the unexpected economic benefits of historical gulags in Russia and the rising popularity of cycling in the Arab region, linking it to transport efficiency and political activism.
The Omicron variant is destined to test the limits of a policy that has already proved costly: consumption, growth and confidence are all flagging. The effects of Russia’s gulag did not stop when the labour camps closed: there appear to be long-term benefits for nearby areas. And why cycling in the Arab world is on the rise.