Manufacturing in China, the original epicentre of the COVID-19 pandemic, has largely recovered, but now shutdowns in the rest of the world are threatening the supply of key parts and demand, a European business group in China warned on Monday.
“On the manufacturing side, it actually has been recovering quite well, surprisingly well,” EU Chamber of Commerce President Joerg Wuttke said at an online news briefing.
Some overseas orders have been scrapped as the pandemic ravages the economies of China’s trading partners, with many privately-owned exporters firing workers and warning about factory closures in the near future. While manufacturing has been coming back, companies are vulnerable to supply chain issues potentially stopping the arrival of key parts, he said.
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