China's Xi Turns to Construction Spending as Lockdowns Hit Economy

The transcript discusses the mass testing efforts in Beijing to prevent a COVID-19 crisis similar to Shanghai's. It highlights the lockdowns in Inner Mongolia due to new cases and the CCP's strategy to boost economic growth through infrastructure projects. Satellite imagery reveals discrepancies in official data, showing decreased port activity and construction, with unsold goods piling up.

What is the main reason for the mass testing in Beijing and other cities?

• To boost the local economy

• To test new medical equipment

• To prevent a situation similar to Shanghai

• To increase the number of COVID-19 cases

What strategy is the Chinese government using to boost economic growth?

• Increasing exports

• Reducing taxes

• Building infrastructure

• Cutting down on imports

What discrepancy is observed in the satellite imagery regarding economic activity?

• Higher factory production

• Decreased port activity

• Increased urban investment

• More cars being sold

What has been the trend in construction activity in major urban areas according to satellite images?

• Doubled

• Increased by 57%

• Remained steady

• Decreased by 57%

What is happening to the goods produced in factories according to the satellite imagery?

• They are being exported quickly

• They are piling up in storage

• They are being sold rapidly

• They are being destroyed