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February 22, 2020

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Over 70% firms resume work in Shanghai

OVER 70 percent of industrial and commercial companies above designated size have resumed operation in Shanghai, local authorities said yesterday.

The work resumption standard is that the current electricity consumption reaches 20 percent of the daily average of December last year. Shanghai Commission of Economy and Informatization said it had monitored more than 30,000 Shanghai enterprises.

Key enterprises were better. Among them, the resumption rate of enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council reached 95 percent, and the rate of state-owned enterprises is about 80 percent.

The operation resumption rate of 51,000 foreign-funded firms in the city is nearly 70 percent, Zhang Jianming, deputy director of the commission, told a press conference on epidemic prevention and control.

The resumption rate of the regional headquarters of 217 multinational companies in Shanghai is as high as 93 percent, Zhang added.

Liu Min, deputy director of the Shanghai Commission of Commerce, also said that the commercial and trade industry in Shanghai is resuming operation in an orderly manner and has a promising market.

As of February 20, all the supermarkets in Shanghai have basically resumed operation. Over 90 percent of convenience stores and over 95 percent of shopping malls are open, Liu said.

The work resumption situation in major industrial parks is good. For example, all 22 key enterprises in Lingang Industrial Park have resumed work.

Electricity consumption at major industrial parks such as Shanghai Chemical Industry Park, Zizhu Hi-tech Park and Waigaoqiao bonded area had hit 80 percent of normal use, indicating recovery at these parks is positive.

Resumption of production at large firms in Shanghai is good, but the rate in small and medium-sized enterprises remains low, according to Zhang.

Shanghai has implemented a “white list” system to fully support the resumption of work of key enterprises, such as industrial enterprises above designated size, key foreign trade enterprises, top taxpayers and high-tech firms.

The epidemic prevention and control measures will be strengthened as the resumption rate increases. All workers are required to wear masks and have their temperature taken when they return to work and visit crowded places, while key areas must be disinfected.

Shanghai rolled out 28 measures on February 7 to cushion companies against the impact of the novel coronavirus epidemic, including strengthening fiscal support to enterprises that have contributed to the fight against the epidemic, reducing or exempting their rent and introducing tax incentives.


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