Beijing: The whole world is under lockdown due to Coronavirus, while China is slowly loosening its restrictions here. Production in Chinese factories has resumed and some air flights have also been restored. The second-largest economy in the world has provided some relief to global manufacturers, as they are yet to face prolonged lockdowns in Europe, America, India and Latin America.
Employees are returning to work in China, production has begun in factories, and preparations are on to end the lockdown in Wuhan, the parent of the coronavirus. Car sales in China have been adversely affected in the last month and now it is slowly moving towards returning to track. Consumers are now coming out of their homes to purchase new vehicles.
Analysts at Sanford, C. Bernstein have reported that real-time indicators suggest that China has begun its industrial complex again. Obviously it is still in its initial stage but things are slowly improving. Let us tell you that for the last few days, new cases of corona are not coming in China, due to which China has started giving relaxation in restrictions.