Climate and Sustainable Finance - COVID-19 Impacts across China’s labour markets and implications for the solar and battery supply chain
The outbreak of COVID-19 in China prompted the government to put travel restrictions in place and extend the Lunar New Year holiday by two weeks to constrain the spread of the virus. This has had multiple effects on the economy and the labour market. Since 10th February, many businesses have been slowly reopening, as they gain permission to resume work. Most regions of China, as of 21st February, had resumption ratios above 50%.
The most affected area of Central China had resumed 51.7% of activity, whilst activity levels were stronger in Eastern China at 68.1%, particularly in the provinces of Shandong and Guangdong at 79.4% and 82.2%, respectively.
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