Financial and business news from Bulgaria

Chinese industry recovered 98.6% of production

Industrial enterprises in China were able to resume production to an average of up to 98.6 percent, said Deputy Industry Minister Sin Gobin.
Production capacity workloads at the country's industrial enterprises have now reached 98.6%, and 89.9% of employees have returned to their jobs, he reported.

In small and medium-sized enterprises, about 76% of employees returned to work, reports RIA Novosti, quoted by BNT.

Businesses employed in the automotive industry have resumed 97% of their production but are currently facing low levels of demand, underlined the Deputy Minister.

Currently, the rates of resumption of production and operation of enterprises are relatively high, but due to insufficient market demand, the automotive industry continues to experience difficulties. Stock availability will continue to rise, and this may subsequently force some companies to reduce their productivity.

Authorities in China are trying to tackle this problem by implementing various measures and programs to stimulate consumer demand for automotive production.

tags:

Related news

Without neglecting the prevention and control of the outbreak, Beijing has taken various measures to help restore production, resulting in work on all projects in the Huizhou “science zone” to begin again before March 20, Radio China reports.China takes various measures to restore production
Administrator • 2020-03-17 10:30:17
Without neglecting the prevention and control of the outbreak, Beijing has taken various measures to help restore production, resulting in work on all projects in the Huizhou “science zone” to begin again before March 20, Radio China reports.Volkswagen halts production over coronavirus pandemic
Administrator • 2020-03-18 02:30:17
Without neglecting the prevention and control of the outbreak, Beijing has taken various measures to help restore production, resulting in work on all projects in the Huizhou “science zone” to begin again before March 20, Radio China reports.Fendt stops production of tractors
Administrator • 2020-03-28 13:30:04