BEIJING, Feb. 25 (Xinhua) -- For many regions in China, over 70 percent of industrial enterprises above designated size (with main business revenue of 20 million yuan and above) have resumed production, said an official with the National Development and Reform Commission (NDRC) Monday at a press conference, showing a positive progress of the country's economic operation amid the novel coronavirus pneumonia epidemic.
The proportion of industrial enterprises above designated size that have resumed production has gradually increased in many provinces since February 10. In provinces such as Jiangsu, Shandong, Fujian, Liaoning, Guangdong and Jiangxi, the figure has exceeded 70 percent, and in Zhejiang, it has even surpassed 90 percent, said Cong Liang, secretary-general of the NDRC.
As for some key industries, 67.4 percent of iron and steel enterprises and 86.3 percent of non-ferrous metal enterprises have resumed production. Other companies in key areas related to national economy and people's livelihood have also been accelerating their resumption of work. As a result, the production capacity utilization rate of mask companies has reached 110 percent, the production capacity of coal mines has been restored to 76 percent, and civil aviation, ports, and water transport are now operating normally.
To address the major financial difficulties for enterprises to resume work and production, such as debt repayment, capital turnover, and expansion of financing, China's central bank may urge financial institutions to offer higher credit limit to industries affected badly by the epidemic, and to increase loan extension and renewal, according to a meeting held on the same day. (Edited by Li Wenxin, liwenxin@xinhua.org)
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