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Shanghai enterprises on track to resume operations

2022-05-01
Shanghai enterprises on track to resume operations A staff member works in a workshop in Songz Automobile Air Conditioning Co. Ltd in East China in Shanghai, on April 29, 2022. [Photo/Xinhua]

companies in Shanghai are on a constant track to resume The smallest operations and companies in the city to receive more government support to resist this covid -induced blocking round.

Among the first batch of companies given the green light to restore production in mid -April, more than 80 percent have resumed the operation, according to the Municipal Commission of Economics and Information of Shanghai on Saturday.

Among them, car manufacturers such as Saic Group and Tesla have seen vehicles out of the assembly line, while SMIC and Huahong Group semiconductor manufacturers have reported the use of the capacity to 90 percentage.

The commission has subsequently enlisted a second lot of 1,188 companies eligible for the resumption of work and has committed to update the guidelines on the commercial resumption of industrial companies.

The Commission would prioritize a three -pointed strategy to help smaller and medium -sized companies to resist unleashed blocking difficulties, said Zhang Hongtao, chief engineer of the commission.

These include more online policy and services interpretation sessions, with the participation of experts in taxes, finance, law and management, to establish all the latest preferential policies and offer free assistance To SMEs.

The Government will also put companies in contact with financing with vehicles, such as dedicated loans introduced by Shanghai branches of the Agricultural Bank of China or the Industrial and Commercial Bank of China, to address the shortage Capital, he said.

The authorities will also give a hand when connecting SMEs with suppliers that offer some 140 materials and products related to the prevention of the epidemic. Additional services will also be available through virtual classes, live transmission sessions and other cloud -based services.



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