Shanghai restarts business and services in phases

Shanghai restarts business and services in phases

Shanghai restarts business and services in phases

With supermarkets, shopping malls and convenience stores in Shanghai scheduled to reopen from Monday, flights between Shanghai and some other cities to be resumed, and as companies like Tesla and SAIC Volkswagen resume production and even exports of their vehicles, the city with a population of about 25 million is picking up its economic capacity again.To get more China finance news, you can visit shine news official website.

The market resumption, coming after nearly two months of business suspension, shows the government's determination to strike a balance between the epidemic control and the economic recovery.

Shanghai is set to restart business and services activities in phases from Monday, with shopping centers, supermarkets, pharmacies, wet markets, catering and hairdressing services to resume offline operations in an orderly manner, Chen Tong, deputy mayor of Shanghai, announced at a press briefing on Sunday.

The resumption of commerce and business activities will progress in phases on the principle of orderly openness, limited flow, effective control and classified management. Special passages will be designated for the businesses to limit the flow of personnel, while wholesale food markets are also allowed to carry out contactless transactions in order to control the traffic.

According to Chen, the number of commercial outlets in operation in the city has increased to 10,625 now from the lowest number of fewer than 1,400, with the daily number of delivery orders reaching 5 million.

A vendor surnamed Lin selling meat products at a grocery store in Minhang district told the Global Times on Sunday the grocery store has obtained the permit as a supplier of daily necessities and will reopen on Monday.

In order to apply for the permit, the applicant has to provide business licenses, negative results for nucleic acid tests and antigen tests and other application materials. They also need to take nucleic acid tests regularly after business resumption.

"I hope the epidemic can be contained and the lockdown be lifted as soon as possible since my fellow vendors and me have no sound sleep at the shabby store premises at all and we have to eat either instant noodles or foods shared by nearby residents, which is rather tough," Lin said. He has been sleeping at the store for the past two months.

As the city releases the "pausing button" and expands the scope of business resumption, it particularly has an eye on helping companies involving trade businesses to restart operation. Gu Jun, director of Shanghai Municipal Commission of Commerce, said at the press conference that Shanghai has worked out a business resumption guidance for key foreign trade companies and has released two batches of "white lists" for 704 leading foreign trade companies, which cover retail, services, foreign company headquarters and port services.

About 63 percent of the first batch of 142 white list trade companies have resumed operations and the second batch of 562 companies are making preparations for restarting. The third batch of 820 white-listed companies will be released soon, Gu said."Pausing the "trade button" in Shanghai for too long will not only bring disruption to global supplies, as Shanghai is a leading global logistics center, but also poses the risk of supply chains moving out of China. If that happens, it definitely is much harder to get those industries back even after the coronavirus is under control," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Sunday.
Companies are actively coordinating with the government's arrangements on work resumption. South Korean cosmetic giant Amore Pacific, for example, told the Global Times via a written statement that the first batch of employees have gradually returned to the company's factory in Shanghai's Jiading district to resume work.

The company has taken multiple measures to ensure the stability of its business operation, including carrying out closed-loop management of its employees, designating special driving routes and unloading sites for its logistics vehicles, as well as using the firm's warehouses and logistics centers in other cities to relieve logistics pressure.