More than 98 percent of China's major industrial firms resume work
China’s manufacturing sector has steadily advanced resumption of production, with 98.6 percent of major industrial firms nationwide having restarted work as of Saturday, the Ministry of Industry and Information Technology said on Monday.
Around 89.9 percent of employees in industrial companies with an annual revenue of more than 20 million yuan (US$2.84 million) had returned to their posts, Xin Guobin, vice minister of the MIIT, said.
In Hubei, the average work resumption rate of industrial firms have surpassed 95 percent by far. The production and operation of large pharmaceutical companies producing vitamin, antibiotic, antipyretic and analgesic ingredients have returned to normal, according to the vice minister.
The ministry said China will strive to maintain the stable domestic production of active pharmaceutical ingredients and ensure the security of the global supply chain. Having more than 1,500 production enterprises, China is the world’s largest producer and exporter of pharmaceutical ingredients with an annual output of around 3 million tons. Currently, more than 80 percent of China’s pharmaceutical ingredients production has resumed.
Chinese enterprises have bolstered capacity in producing ventilators. As of Sunday, major producers across the country had offered 27,000 ventilators, with some 3,000 of them being invasive ventilators, meeting the country’s anti-virus need.
While securing the indigenous demand, the country has provided around 1,700 invasive ventilators to other countries since March 19.
China has received orders for about 20,000 ventilators from other countries, said Xu Kemin, an official with the MIIT, adding that 21 invasive ventilator manufacturers have swung into full gear to meet the surging demand in the foreign market.
Meanwhile, 76 percent of small and medium-sized enterprises have restarted to work nationwide.
About 92 leading enterprises in key industries have helped boost the work resumption of more than 400,000 upstream and downstream enterprises, Xin said.
Regarding the automobile industry, the ministry said China will further promote automobile consumption in order to drive economic growth, as work and vehicle production resumes at a steady pace.
The ministry also announced that 97 percent of automobile companies have resumed work, compared with 60 percent as of February 19.
Also, around 82 percent of employees in auto companies have resumed work.