Coronavirus: inside China’s ‘Wild West’, where ‘mask machines are like cash printers’

“It is a wild feeding frenzy, but like the Dutch tulip market, it will all come crashing down,” Tractus Executive Director and Co-Founder Dennis Meseroll said about China’s ventilator market in the South China Morning Post. “Traders are reselling – they’re saying you pay me and I will find some more [ventilators], but nobody is adding any value.”

“In the case of ventilators, Meseroll said traders have essentially created secondary markets, where ownership deeds change hands numerous times before they reach the end buyer – often a hospital system or local government – at a hugely inflated price.” Continue reading from “Coronavirus: inside China’s ‘Wild West’, where ‘mask machines are like cash printers’”

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