China’s Lockdown Problem

090522 Like and subscribe. This is an archive, check the link in the end if you are. On May 11, 2021, Taiwan shut down schools, gyms, bars, and most public facilities. Their first COVID soft lockdown.Show more

Restaurants stayed open, but can only do takeout or delivery. You can still go outside but there was little to do. Most people stayed at home and waited for it to blow over.

Taiwan has recently ended their zero-COVID policy. But China is sticking with theirs.

This means the ample use of lockdowns to isolate clusters - a treatment with wide-ranging economic consequences. Most prominently, they locked down the 25 million people of Shanghai. Hong Kong and Shenzhen have also recently went through their own lockdowns as well.

A lockdown is a drastic intervention with wide ranging economic damage. But is that damage permanent? In this video, I want to look at what a lockdown does to an economy.

Errata:
- I mashed up the pronunciation of Hubei. Sorry, guys. My mother is ashamed of me. Check the subtitles for the accurate spelling.

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