China is rapidly dismantling restrictions that largely kept COVID\u002D19 at bay for almost three years. Read more
Sinopec, for example, likens the task ahead to fighting a war. The Chinese oil refining giant has gone over plans to hold output steady with some staff more than 30 times, isolating certain employees from the rest of the workforce and scrapping leave. Electric vehicle maker Nio Inc. has secured several truckloads of medical supplies and equipment for staff as part of a plan to keep its lines humming.
Already, infections are coursing through China’s financial industry, seeing traders at city firms call in sick. Factories, mostly located in manufacturing belts or secondary metropolitan hubs, are next in line. COVID has already ripped through a workshop at BMW AG’s Shenyang factory, infecting most of a production line, according to a person with knowledge of the situation. A new group of employees was called in to replace the sickened staff this month, the person said, requesting anonymity because they aren’t authorized to speak publicly.
Already, this year’s prolonged lockdown in Shanghai did so much damage to manufacturing that it led to a global shortage of the critical contrast agent used in medical scans.
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