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Manufacturing enterprises bounce back amid the epidemic

(People's Daily Online)    09:27, March 30, 2020

Manufacturing enterprises have regained momentum as normal operations as well as production advance and the supply chain is gradually guaranteed.

Workers make shoes at a shoemaking factory in Xiangtang Town of Nanchang County, east China's Jiangxi Province, Feb. 22, 2020. Many companies here that rely on exports have resumed production. (Xinhua/Peng Zhaozhi)

Data suggests that more than 95 percent of manufacturing enterprises in China (excluding central China’s Hubei province, the epicenter of the pneumonia outbreak in the country) above designated size have resumed normal operation. The figure for small- and medium-sized companies stood at about 60 percent.

With the exception of Hubei province, about 60 percent of the key foreign-funded manufacturing enterprises in China have resumed 70 percent of their production capacity as of March 12.

The epidemic has indeed temporarily frustrated or delayed production. Yet, the overall manufacturing capabilities of China have not been impaired, said Luan Qun, director with the institute of policy and regulation under the research company CCID Consulting. 

China is an important part of the global manufacturing system and a large consumer of many products, boasting great opportunities. The manufacturing system that China has developed for a long time won’t be affected by the short-term burdens brought on due to the pneumonia outbreak, as experts pointed out.

The Ministry of Industry and Information Technology is formulating policies to guarantee the supply of important raw materials, components and major equipment and ensure the security and stability of the global supply chain.

Meanwhile, the government departments in China have also encouraged the construction of new types of infrastructure, such as 5G networks, and have advocated developing smart industries and upgrading consumption and facilitated digitalization to infuse vitality into high-quality development of manufacturing. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Liang Jun)

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