MOSCOW: Chinese tech giant Huawei resumed production on Monday of telecom equipment and electronics despite much of the country remaining under strict controls due to the coronavirus outbreak, Sputnik news agency quoted media report.
The move was greenlit by the government which decreed that certain critical industries remain in operation, although shutdown measures remain effective in more than half of China’s provinces, business news outlet CNBC reported.
Nearly 40 million people have been reported affected by shutdowns and quarantines — exacted by the government as preventive measures — to limit the spread of the coronavirus, which has so far killed more than 360 people.
China’s three key stock exchange indexes opened with significant downturns Monday as economic fears loom over the virus’ effect.
The World Health Organisation last week declared a public health emergency of international concern to spur all nations to take precautionary measures on the novel coronavirus. – Bernama