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The shanghai exhibition center which has now been turned into an isolation and quarantine facility. and what you re what s happening right now, some six million residents, they are not allowed to leave their homes during this testing period. public transport has been suspended in lockdown areas. we know some work at firms and factories also has been suspended. this is a test for china s zero covid policy. it s testing people s patience there. it s also a test to see whether china s economy can withstand it. let s bring up a statement from an economist at mcquarry bank. he writes this. china should be able to contain the virus in the next few weeks. its lockdown is effective. but covid does pose substantial growth risk, and the rest of the year lockdown is very costly. i also like to add on tuesday the shanghai government issued a statement saying they support the import of covid treatment and vaccines, a very interesting statement because it seems to suggest that the china government ....
City went to lockdown for four days. on friday the other half will go under lockdown. during this testing period we know 6 million residents at least, they will be staying at home, not allowed to leave until they get tested. during this time, transport will be suspended. work will be suspended at some offices and factories as well. what s hemming in shanghai is huge. it s a huge test of the covid strategy. it s a strategy that has curbed outbreaks and saved lives but it has come at a steep cost especially to the nation s economy. i want to bring up a statement. china should be able to contain the virus as the lockdown is effective but covid does pose substantial growth risk in the next year but lockdown is possible. in hong kong where you are, ....
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thank you. thanks, shannon. shannon: we will try to go light and round so we can get in as much as possible. let s start with is helen from writers. we will hear about 2:00 tomorrow afternoon, this is their headline. twin inflation, growth risk as virus jumps and supply chains faltered. jason, comments from you first. yeah, this is all very real and it s exacerbated by the idea that they re going to be trillions of dollars spent by the federal government. nearly one out of every $4 spent in this country will be spent by the federal government. that is far too much and it will exasperate, as i said, the inflation concerns. shannon: jessica. inflation concerns are certainly top of mind now for recent surveys show everyone across the political spectrum, republicans or bobbies would been concerned but now democrats and independents are came out in a bowl last week, they don t necessarily think it will be a short-term problem, but more of a long-term one which i was leaning that ....