Production activities resumed on the 21st in Shenzhen, Guangdong Province, China, which temporarily blocked the city due to the spread of COVID-19.
According to Reuters, as the number of COVID-19 patients increased rapidly, companies began telecommuting from the 14th and restrictions on the movement of residents were imposed and released from this day.
Public transportation such as buses and subways, which had been stopped, also resumed full operation.
Shenzhen’s government explained that they have normalized plant operations while securing the safety and stability of the industrial supply chain.
Only a part of the meal was lifted at the suspended restaurant, limiting the seat utilization rate to 50%. Facilities for children, such as private institutes, will remain closed.
Shenzhen, the largest IT industrial center, has a significant economic importance as the world’s largest electronic device consignment manufacturer, Taiwan’s Honghai Precision, telecommunication equipment maker Huawei Technology, and large EV manufacturer BYD have production bases.
Earlier, in the case of Honghai Precision, the operation of the iPhone manufacturing facility was temporarily suspended on the 13th when Shenzhen actually entered an urban blockade.
At that time, Honghai Precision Co., Ltd. hurriedly transferred the production volume to another factory to ease production disruptions caused by the suspension of production activities with the Chinese headquarters in Shenzhen.
The stock market is reportedly going to be volatile this week due to this news.
