Though manufacturing in China, the original epicentre of Covid-19 pandemic, has largely recovered but now shutdown in the rest of the world are threatening the supply of key parts and demand, EU Chamber of Commerce warned. Some overseas orders have been scrapped as the pandemic ravages the economies of China's trading partners, with many privately-owned exporters firing workers and warning about factory closures in the near future.
Even European companies manufacturing in China for Chinese customers are not insulated, as these customers may depend on exports to Japan, the United States or Europe. While manufacturing has been coming back, companies are vulnerable to supply chain issues potentially stopping the arrival of key parts
China's travel restrictions — which currently stop all foreigners, including those holding residence visas, from entering the country — also creates major problems for chamber members.
