INDEED...
China's pandemic policy... is looking... to have... extensive economic effects...
across the globe... including...
here... in South Korea.
For more...
I have Professor Song Soo-young ... at Chung-Ang University.
Professor Song... welcome.
1) Now...
Shanghai has been brought to a standstill...
since March... but... starting in mid-April... city officials have stepped up... efforts...
to allow...
the resumption... of some production.
However...
pundits say... restarting operations are tough... amid the current restrictions...
on movement.
What more can you tell us?
2) China's unrelenting containment strategy has gone... beyond Shanghai... to include...
other regions...
including the JIANGSU Province.
Market insiders here say... this reality spells trouble... for Korea's imports... from China.
Do you care to explain?
((Roughly 23-percent of Korea's imports from China
come from
this province.))
3) Professor Song... which specific South Korean industries are bound... to bear...
the brunt...
of China's lockdowns?
((The auto industry has been hard hit.
South Korea also relies heavily on Chinese batteries.))
4) Meanwhile...
as part of efforts... to ease... the repercussions... of China's COVID-19-related restrictions...
the South Korean government has vowed... to make strategic use... of its early warning
system... which is in place... at many... of its overseas diplomatic missions... to
monitor supply conditions...
on a real-time basis.
What else
do
you propose?
5) Professor Song... economists believe...
China's lockdowns will aggravate... global inflation...
as... the country's exports SLOW dramatically... to FEED INTO... an already disrupted...
supply chain arrangment.
Do
you agree?
All right...
Professor Song... as
always...
thank you... for your time and thoughts.