{"id":986,"date":"2020-04-23T10:29:06","date_gmt":"2020-04-23T10:29:06","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=986"},"modified":"2021-01-22T17:15:58","modified_gmt":"2021-01-22T09:15:58","slug":"guangdong-returning-to-business","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/guangdong-returning-to-business\/","title":{"rendered":"Guangdong Returning To Business After Coronavirus Pause"},"content":{"rendered":"\t\t
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China appears to have weathered the worst of the coronavirus, with<\/span> new daily infections dropping to single digit numbers<\/a><\/span> \u2013 the lowest since 16 January 2020, according to Fortune<\/em>. Following nationwide efforts to restart the mainland\u2019s economy, CNBC <\/em>further reports that SMEs across China have resumed a<\/span> 76.8 percent work rate as of 29 March<\/span><\/a>. Most notably, Guangdong is leading the charge with 77 of the province\u2019s publicly listed companies returning to a 100 percent work rate.<\/span><\/p>\n

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In the manufacturing centre of Dongguan, the Information Office of the Guangdong Provincial Government held a press conference<\/a> mid-February, in which Liu Jintang (Deputy Director of the Bureau of Industry and Information Technology of Dongguan) announced that \u201cthe epidemic poses no threat to Dongguan\u2019s future overall development.\u201d He evidenced this by citing the fact that<\/span> 91 percent of large foreign-funded companies had resumed work<\/span><\/a>.<\/p>\n

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Shenzhen-based ASM Micro Electronic Technology, a 2,169-employee business with a 70,000 square metre factory and one of the world\u2019s largest manufacturers of semiconductor packaging equipment, achieved an impressive staff turnout. \u201cMore than 1,800 of our workers \u2013 82 percent in total \u2013 have resumed their jobs since we opened on 13 February,\u201d Senior Manager Yang Shizhong told HKTDC.<\/span><\/p>\n

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However, not all businesses have been so fortunate. Dongguan\u2019s Digital Printed Circuit Board achieved a turnout of only 50 percent on 7 March, as over 20 percent of its staff had not returned to the plant. \u201cThe outbreak has been very challenging for us, causing us to miss our February deadlines by some 20 days,\u201d says General Manager Chu Sijun. \u201cAt present, we remain somewhat understaffed and have been rejigging work rosters to make the best use of our available resources.\u201d<\/span><\/p>\n

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\"HKTDC Although some enterprises are faring better than others, the provincial economy is making definite progress in returning to \u201cbusiness as usual\u201d. For more details on recent developments in Guangdong\u2019s economy,<\/span> click here<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

China appears to have weathered the worst of the coronavirus, with new daily infections dropping to single digit numbers \u2013 the lowest since 16 January … <\/p>\n","protected":false},"author":2,"featured_media":5050,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,3],"tags":[21],"class_list":["post-986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-markets","tag-covid-19"],"yoast_head":"\nGuangdong Returning To Business After Coronavirus Pause - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"China appears to have weathered the worst of the coronavirus, with new daily infections dropping to single digit numbers \u2013 the lowest since 16 January\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsbites.hktdc.com\/markets\/guangdong-returning-to-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guangdong Returning To Business After Coronavirus Pause - 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