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German automaker Volkswagen is one of state-owned automaker SAIC’s foreign partners in China. Pictured here on June 7, 2022, is the joint venture’s factory in Shanghai.
Qilai Shen | Bloomberg | Getty Images
BEIJING — Factories in two of China’s Covid-hit economic hubs have mostly resumed work as the impact of the virus subsides, according to China’s Ministry of Industry and Information Technology.
In Shanghai, the city with the largest gross domestic product in China, 96.3% of industrial businesses tracked by the government have resumed work, with a production rate above 70%, Vice Minister Xin Guobin told reporters on Tuesday.
In the southern province of Guangdong, an industrial hub,…
Source cnbc.com
