Bringing the country to a halt turns out to have been the easy part. Restarting it is difficult.
Global car manufacturers including a Hyundai assembly line in South Korea and a Fiat-Chrysler plant in Serbia have suffered disruptions because of a lack of parts from Chinese suppliers.Science & Technology, the largest Chinese maker of polyurethane composites used for car bodies. It makes waterproof roof coatings for famous auto brands from Mercedes-Benz and BMW to China’s largest electric carmaker BYD.
“The epidemic has not only affected the supplies to Chinese customers, but also disrupted our exports to Japan and South Korea. Up to now, we have only received 30 percent of our orders compared with any normal month,” she said. Two closely watched measures of manufacturing activity — a survey of purchasing managers conducted by the Caixin media group and official government data — both found this month that sentiment in the industry has plunged to record lows.Xi, clearly alarmed by the impact this will have on the overall growth rate and particularly on his pledge to double GDP from 2010 levels by this year, has urged companies to get back to work.
The Agriculture Ministry this week reported that less than half of migrant workers from the rural areas have returned to their jobs at factories along the industrial coasts, even though huge employers like Foxconn, which supplies companies including Apple, have organized special trains to help them return.
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