A food safety factory shutdown has Americans hunting for baby formula. Readying themselves for a covid-19 lockdown, Chinese in Beijing emptied store shelves. Emerging from lockdown, some in Shanghai are visiting well-provisioned markets. U.S.-China agricultural trade is booming, but many are still being left hungry. Food security, sustainability and safety remain issues.
The Impact of the Olympics: Baizhu Chen
Click on the play button above to view Baizhu Chen’s comments on the economic impact of the Beijing Olympics.
Baizhu Chen discussed the presentations of Jeff Owens and Kelly Crabb. He argued that while the cost of hosting the Olympics was enormous, it was not large enough to significantly affect the nation’s economy. It was large enough to impact Beijing’s economy. In the end, however, Chen argued that the Olympics needs to be seen in consumption rather than in investment terms. He likened it to a family’s decision to occasionally have a big party.