US Companies Still Not Fully Operating After Shanghai Lockdown
- Capacity still below normal, chamber of commerce survey finds
- Few companies seeking to leave China after lockdown: AmCham
Two thirds of the American chamber’s member firms are now operating at above 75% capacity.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
The majority of US businesses in Shanghai have resumed operations following the city’s tough coronavirus lockdown, but their levels of activity are well-below normal due to continued restrictions on movement.
Just 31% of manufacturing and services companies surveyed by the American Chamber of Commerce in Shanghai last week said they were fully operational. Of those operating at less than full capacity, most reported that staff found it difficult to travel to work.