The COVID crisis in China has surged over the last serval days, leading to over 2,000 symptomatic case being recorded. This has caused the Chinese people to start stockpiling a variety of medications and remedies. In addition to traditional cold and flu medications, canned yellow peaches have been the latest shortage.
The economic impact of these surges is interesting. There are product shortages of medicines and remedies due to frantic buying patterns. However, pharmaceutical shock has experienced as rise in addition to an increased economic performance in the funeral industry. This shows that COVID is still causing many economies to experience shocks.
https://www.cnn.com/2022/12/14/investing/china-covid-panic-buying-medicines-peaches-intl-hnk
That is interesting to see. As the rest of the world has seemingly moved on from COVID-19, China is still facing cases and now facing even worse economic problems.
ReplyDeleteI like this article a lot, I'm surprised with today's medicine that this crisis has been dragging on so long. I'll be interested to see how Chinese citizens react to this problem in the next couple months.
ReplyDeleteIts very surprising that China is having a large number of COVID cases as they had one of the strictest lockdowns in the world. There are many reports that the Chinese people do not trust the vaccines and therefore are using other supplements to combat COVID, thus explaining the surge in yellow peaches.
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ReplyDeleteI'll be curious to see how the people react over the next several weeks. It seems like the reaction is similar to the original outbreak when everyone frantically stocked up on supplies leading to shortages.