Nota Bene Episode 74: Emerging from COVID-19: China Restarts Its Engine with Shanghai’s Michael Zhang
As China picks up the pieces following the COVID-19 aftermath, we’re taking a look at how China managed to swiftly bring the crisis under control throughout the country. Is there hope for other countries around the world that are struggling to contain the spread of the virus? What can we learn from China’s response to the pandemic?
Joining Michael Cohen for this conversation is Michael Zhang, a partner in the Corporate Practice Group, Antitrust Practice Group and the Intellectual Property Practice Groups in Sheppard Mullin’s Shanghai office. He has a deep understanding of China’s legal system and business practices. Michael has broad experience in the areas of corporate law, antitrust law and intellectual property law in China.
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What We Discussed in This Episode:
- How is the current COVID-19 pandemic a different experience from the SARS epidemic of the early 2000’s?
- How was public transportation in China affected by the outbreak?
- How was the availability of essential supplies and household necessities affected?
- While toilet paper and sanitizer seem to be running low in the U.S., which products were in high demand in China?
- Are the responses to the outbreak varied based on culture?
- Where is China currently in the cycle of recovery?
- Which industries in China suffered the most? And which ones flourished?
- Should we have paid closer attention to the SARS outbreak to help guide us in our handling of COVID-19?
- What is the Chinese government doing to help boost the economy now?
- How is China dealing with any unemployment that resulted from the outbreak?