A large number of China’s factories remain closed today even as millions of people return to work after the Lunar New Year holiday was extended due to the coronavirus.
The shutdowns are having a major impact on the world’s second largest economy and global supply chains. Some big car makers now face the threat of a shortage of parts. There are also concerns about supplies of Apple products as the disruptions continue.
Employers across China had been ordered to remain closed after the annual holiday as part of attempts by authorities to stem the spread of the virus. For many companies those restrictions have now been removed, although several major manufacturers remain closed.
Several major car makers are also among the manufacturers that have extended the shutdowns of their operations. Nissan and PSA, which makes the Peugeot and Citroen brands, have said their factories will remain closed until Friday.