China Said to Postpone Key Economic Policy Meeting Due to Covid

The transcript discusses the anticipated Central Economic Work Conference in China, which was postponed due to a COVID-19 wave affecting major cities like Beijing and Shanghai. The conference was expected to address economic growth strategies and potential stimulus measures. The COVID-19 spike has significantly impacted the financial sector, with many employees calling in sick, leading to reduced trading volumes. Hospitals are overwhelmed, advising only severely ill patients to seek emergency care.

What was the central Economic Work Conference expected to address before it was postponed?

• Educational reforms

• New trade agreements

• Stimulus measures for the property sector

• Military advancements

Why was the central Economic Work Conference postponed?

• Natural disaster

• COVID wave and risk of a super spreader event

• Technical issues

• Political disagreements

What impact did the COVID spike have on Shanghai's financial sector?

• Expansion of financial institutions

• Increase in trading volumes

• Decrease in trading volumes

• Introduction of new financial policies

What advice were hospitals giving to people during the COVID spike?

• Call the hotline for minor issues

• Visit the ER for any symptoms

• Only visit if severely ill

• Visit clinics for regular check-ups

How many official financial institutions does Shanghai have?

• 1700

• 1000

• 500

• 2000