In Shanghai, China, the effects of the new coronavirus have restricted non-specific business activities, but authorities have said they will allow full resumption from the 1st of next month.
However, at the moment, many areas in the city are not allowed to go out freely, and it will be interesting to see if corporate activities will resume in earnest in the future.
In Shanghai, China, two months have passed since the strict restrictions on going out due to the spread of the new coronavirus infection began in earnest, and the number of infected people per day, which had exceeded 20,000 at one time, is more than 100 on the 28th. And the downward trend continues.
Under these circumstances, corporate activities have been severely restricted and many have not resumed, except for certain companies approved by city authorities, such as the semiconductor and automobile industries.
Regarding this, Deputy Mayor Wu Qing of Shanghai said at a press conference on the 29th that "the economy has been hit hard and the market is facing an unprecedented predicament" on the condition that it is thoroughly taking measures against infection. From the 1st of next month, we have announced a policy to allow full resumption of corporate activities.
Authorities have already set a goal of normalizing corporate production activities and civilian life from the middle to the end of next month, and will continue to urgently resume economic activities while maintaining infection control measures.
However, at the moment, free going out is not allowed in many areas of Shanghai city, and it will be interesting to see if employees will actually go to work and corporate activities will resume in earnest in the future.