Shanghai unveils production restart plan amid supply chain pain

Shanghai published a plan to restart production in the city after weeks of Covid-19 lockdowns strained supply chains and jolted the Chinese economy.

Businesses should devise plans for closed-loop management, where employees are on site and regularly tested. They should also apply for approval to resume production with the COVID control authorities at the district and city level, ShanghaiThe Economic and Information Technology Commission of India said in a statement on its WeChat account. The agency did not provide a timetable for the resumption of work.

The lockdown in China’s financial hub, now in its third week, has squeezed everything from consumer spending to logistics and production. The key to staving off the economic crisis is accommodating China’s “Covid-zero” policy, analysts said, as the Chinese central bank takes a cautious approach with monetary easing. But top officials have repeatedly warned about the risks of growth and the need for more monetary and financial support. fiscal stimulus.

As Bloomberg reports, Shanghai is the production base for several companies, including Tesla Inc. and China’s state-owned SAIC Corp. Tesla is calling back its employees in the city to prepare to resume production as soon as next week.

Under the new work resumption plan, different areas of factories should be isolated, and all employees should work and stay in designated places, minimizing direct contact with people in other areas as much as possible, according to the statement. .

Visitors will be strictly prohibited, and the company’s truck drivers will have to provide a negative nucleic acid test result within 48 hours or a negative antigen test within 24 hours from entry, it said. Temporary hospitals should be set up

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