Inside China's Chaotic Mask Market
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 21 April 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
The shortages of protective masks that keep healthcare workers safe from Covid-19 are well documented by now. To meet the need, U.S. hospitals have taken the extreme step of turning directly to Chinese manufacturers. Reporter Riley Griffin reports that the demand has helped spur a Wild West scenario, where Profiteering middlemen ratchet up prices. Buyers must sometimes go to extraordinary lengths to try to ensure quality.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The forces shaping markets and the economy are often hiding behind a blur of numbers. |
| 0:04.8 | So that's why we created The Big Take from Bloomberg Podcasts, to give you the context you need to make sense of it all. |
| 0:11.5 | Every day in just 15 minutes, we dive into one global business story that matters. |
| 0:16.1 | You'll hear from Bloomberg journalists like Matt Levine. |
| 0:19.1 | A lot of this meme stock stuff is, I think, embarrassing to the SEC. |
| 0:23.3 | Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen. |
| 0:32.8 | Welcome to Prognosis. I'm Laura Carlson. |
| 0:36.9 | It's day 41 since coronavirus was declared a global pandemic. |
| 0:42.0 | Our main story? U.S. hospitals have turned directly to Chinese manufacturers to obtain badly needed masks for health care workers. |
| 0:52.3 | But the skyrocketing demand has created a Wild West scenario. |
| 0:58.9 | Profiteering middlemen ratchet up prices, and buyers sometimes go to extraordinary lengths to |
| 1:05.1 | try to ensure quality. But first, here's what happened today. |
| 1:31.1 | The White House and Congress have agreed on a new pandemic relief plan that will inject funds into a tapped-out small business aid program and offer aid for coronavirus testing and overwhelmed hospitals. President Donald Trump said he'd sign the measure and begin discussions on a next round of stimulus. The measure |
| 1:36.8 | could be approved by Congress as soon as Thursday. The Justice Department will consider taking |
| 1:43.0 | legal action against governors who continue to impose |
| 1:45.9 | stringent rules for dealing with the coronavirus after the crisis subsides in their states, |
| 1:51.9 | according to Attorney General William Barr. |
| 1:55.4 | In an interview on the Hugh Hewitt Show Tuesday, Barr said measures like stay-at-home orders |
| 2:00.7 | and directives |
| 2:01.6 | to shut down businesses are justified up to a point, but states should eventually move to more |
| 2:07.5 | targeted measures. |
| 2:09.9 | The comments come as the Trump administration and states are fighting over the best strategy |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

