Factory workers resume work in Guangdong, China
Factory workers resume work in Guangdong, China

Chinese companies open, work rate rises

Agency News

The small and medium-sized enterprises in China have opened and work rate in these companies also began to rise.

China’s Ministry of Commerce said Friday the resumption of work has been rapidly increasing in major foreign trade provinces such as Guangdong and Jiangsu. Guangdong was the top source of China’s exports by far in 2019, followed in order by Jiangsu, Zhejiang, Shanghai and Shandong, according to official data accessed through Wind Information.

Throughout the country, the workrate reached 71.7% as of March 24, China’s Ministry of Industry and Information Technology disclosed Wednesday. The ministry also noted the figure marked an increase of 42.1 percentage points from a month ago.

In mainland China, share price in the stockmarket jumped on the day. The Shenzhen component was up 1.05% to 11,629.70 while the Shenzhen composite jumped 1.125% to 1,907.35. The Shanghai composite rose 0.31% to about 3,039.67.