Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China Focus: Foreign companies start resuming business amid epidemic outbreak

February 11, 2020


Abstract : It was a quiet start for many foreign companies resuming business Monday after an extended Spring Festival holiday due to the outbreak of the novel coronavirus.

SHANGHAI, Feb. 10 (Xinhua) -- It was a quiet start for many foreign companies resuming business Monday after an extended Spring Festival holiday due to the outbreak of the novel coronavirus.

Over 20 factories across China under the U.S. agribusiness giant Cargill resumed production, following the instructions of the local governments in a bid to guarantee supply amid the epidemic outbreak. One of its feed plants based in Hubei Province, which is the hardest hit by the disease, has not yet resumed work.

"The health and safety of our employees are of primary consideration, and we strictly apply comprehensive measures to protect our employees, resume production and fight against the epidemic," said Liu Jun, China president of Cargill.

According to Liu, telecommuting solutions based on Internet technologies helped the company a lot in communication. "We can stay efficient with emails, calls and online video chats with communication apps of all kinds," said Liu.

Eighteen of Honeywell's 21 factories in the Chinese mainland have resumed production as of Monday, while 95 percent of the company's office clerks will work from home this week. The company hosted an online meeting Monday with over 3,000 employees joining live through the Internet.

The Ministry of Commerce issued a circular Monday urging local authorities to provide better services for foreign-funded enterprises amid the novel coronavirus outbreak. Efforts should be made to help foreign-funded companies resume production and operation in an orderly manner.

There are some 50,000 foreign-invested companies in Shanghai, according to the Shanghai Association of Foreign Investment. Those manufacturing anti-epidemic materials and daily necessities did not halt their productions, while others are gradually resuming business and production.

Many of the foreign companies have turned to telecommunication to better protect their employees. Jiang Zhuo, an engineer of a Shanghai-based foreign automaker, used to take 18 metro stations from home to work.

"I will work at home for at least one week and be able to stay with my daughter amid the epidemic. I feel fully cared for by the company," Jiang said.

"China has taken decisive and powerful measures to control the epidemic, and we firmly believe that Chinese and Japanese enterprises will work together to tackle the difficulties," said Tatsuo Sugiyama, the regional general manager of the East Asia Region of Nippon Express Co., Ltd.

Liu of Cargill said the current epidemic outbreak will have an impact on his company's business as well as China's society and economy to a certain degree. However, the trade volume will see recovery growth after the epidemic.

"We are prepared in accordance with possible economic fluctuation," Liu said.

Scan the QR code and push it to your mobile phone

Keyword: foreign-companies company work resumption

Reading:

Alibaba, Ant Financial to lower costs for SMEs amid anti-virus campaign

China Focus: Back to work, enterprises gradually resume operation amid epidemic outbreak

China's measures to combat epidemic for sake of whole world: FM spokesperson

IT-empowered online healthcare services assist China's fight against novel coronavirus

Belt and Road Countries --- Luxembourg

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial