Over 95% of Factories in Shanghai Resume Operations after Covid Impacts Subside

After a two-month lockdown to curb the spread of Covid-19 pandemic, nearly all factories in Shanghai, China have resumed operations, said the Ministry of Industry and Information Technology on Tuesday.

Many global firms, particularly automakers such as Tesla, Volkswagen, and General Motors, all have their factories in China’s economic hub Shanghai.

Vice Minister of the Ministry of Industry and Information Technology XIN Guobin stated that 96.3 percent of industrial businesses in the country’s largest GDP city Shanghai have resumed operations, with a production rate exceeding 70 percent.

As the virus’s impact faded and Shanghai pushed to reopen entirely this month, most firms are able to resume normal operations.