China Apologizes for Shortages in Locked Down Region

The transcript discusses the challenges China faces with COVID-19 outbreaks ahead of the party Congress. It highlights the political sensitivity of the situation, especially in Xinjiang, where lockdowns have led to social media outcry over shortages. The impact on firms, particularly in the auto industry, is significant due to supply chain disruptions and power outages. The Chinese government is employing a 'whack-a-mole' approach to maintain COVID-19 zero policy, affecting major cities and industries.

What is the main reason for the heightened political sensitivity in China as mentioned in the first section?

• International trade tensions

• The economic downturn

• Environmental issues

• The upcoming party Congress

Which area in Xinjiang has been under lockdown due to a COVID-19 outbreak?

• Ely

• Hotan

• Kashgar

• Urumqi

What approach is being used in Beijing to manage COVID-19 outbreaks?

• Herd immunity

• Vaccination drives

• Whack-a-mole approach

• Complete shutdown

Which major company is mentioned as being affected by the lockdowns in Sichuan?

• CATL

• Apple

• Samsung

• Sony

What additional challenge, besides COVID-19, is affecting supply chains in Sichuan?

• Flooding

• Drought

• Earthquakes

• Wildfires