In Shanghai, China, where strict restrictions on going out continue due to the spread of the new coronavirus infection, the total amount of trade last month decreased by about 40% compared to the same month last year due to the effects of disruption in logistics at ports and airports.
The key is to resume economic activity as city officials say they are curbing the spread of the infection.
According to the customs authorities in Shanghai, China, the total trade value of last month, including exports and imports at ports and airports in the jurisdiction, was 57.7 billion dollars (about 7.3 trillion yen in Japanese yen), 40.5 compared to the same month last year. It was a significant decrease in%.
This is due to the disruption of logistics due to strict restrictions on going out.
Exports to Japan have also fallen by 57.3%, and some automakers have suspended operations in Japan due to a stagnation in the supply of parts from China.
In addition, according to the major economic statistics released by the Shanghai municipal authorities last month, "industrial production" decreased by 61% compared to the same month last year, and "retail sales" showing consumption trends also decreased by 48%. The serious impact on the economy has been highlighted.
Authorities have said that the spread of the infection has been curtailed recently, and have indicated that they will gradually relax restrictions on going out and normalize the lives of citizens by the end of next month. The key is to prevent the prolongation of the disease.