SHENZHEN, China/BEIJING - The Chinese economy will sputter towards normal on Monday after the coronavirus outbreak forced an extended holiday, although numerous stores and factories will remain shut and many white collar employees will continue working from home.The usually week-long Lunar New Year holiday was extended by 10 days in much of China amid mounting alarm over an epidemic that as of Saturday morning had killed 722 people.
Many employers in the southern technology hub of Shenzhen are taking precautions to prevent workers from returning in large crowds, asking those who have traveled from elsewhere to self-quarantine for up to 14 days. “People are asking, ‘what if my factory hasn’t put enough safety measures in place? Will there be a notice suspending work again? How do I get in to work if roads are sealed off?’” said Ice Huang, a spokeswoman for the Inno Community Development Organization.
Apple supplier Foxconn plans only to “gradually” restart its factories with a view to resuming full production in late February, a person with direct knowledge of the matter told Reuters.The toll on China’s already-slowing economy has been heavy, with Goldman Sachs cutting its first quarter GDP target to 4% from 5.6% previously and saying an even deeper hit is possible.
New closing cities everyday and return to work? Really?
Depopulation strategy
The virus will spread faster now
Pffft... The workers return to their grindstones. The district managers remain esconced. Like it will save them. Beijing is not immune.
It will pass and 2 months later nobody will remember including US propaganda machine
How does she return to work while all major cities are closed ? 😅😅
Noooooo. Pos que pasó?
It wasn't that long ago that we were roasting Xinnie the Poo for treating HK like Trump treats his toilet after his Metamucil. How time flu by.
📌
Less work in China=less pollution
Here’s HK. Love’s in the air. When there’s no care from Carrie Lam & Crew. 4-5 youngsters parted w their masks, and gave them to the old & needy at HK Tai Po world w mask, help HK, send info To HK Now TV. HK people will pay.
What are you guys talking about? Which part? Guangzhou is in lockdown and Shenzhen where I live, have just got locked down as well.
They're nuts if they do all go back to work...virus will explode...
This situation will finally burst central bank bubbles. And cause a global depression. No amount of money printing will stop it.
They're returning to work? Seems like the virus is still very much a threat