Coronavirus Slows Down China Economy and Companies Shutdown

Coronavirus Slows Down China Economy and Companies Shutdown

Coronavirus has slowed down China's  economy and the following companies have been closed down due to the coronavirus; Toyota and GM factories, Tencent  Alibaba and Huawei.

The coronavirus has killed more than 900 people and  infected at least 40,000, mostly in mainland China. The majority of the cases are in the central Chinese province of Hubei, where life remains mostly at a standstill. In this regard China is slowly getting back to work on Monday after the deadly coronavirus outbreak forced many parts of the country to extend the Lunar New Year holiday by more than a week. But it's still far from business as usual in the world's second-largest economy.

Most organizations focus their business continuity plans on losses, such as the loss of facilities, technology or people, but not on impact-based scenarios such as the current novel coronavirus,"

Officials have issued varied guidance on what companies should be doing as the public holiday comes to an end for much of China and millions return to their place of work. Many districts are asking companies to check the temperature of workers who come to the office.

Other instructions are more specific, including one from a district in Shenzhen that asks businesses with lots of migrant workers to set up quarantine areas for employees returning from "infected zones." That's created a patchwork approach to working during the public health crisis. Elsewhere in China, though, some big companies are trying to return to work — albeit with serious precautions. Others remain shut down.