Photo taken on Feb. 21, 2020 shows a workshop of a factory of Baoshan Iron & Steel Co., Ltd (Baosteel) in Baoshan District in Shanghai, east China. The factory has stepped up production to ensure the supply on the market amid strict prevention and control measures against the novel coronavirus pneumonia. (Xinhua/Ding Ting)
The amount of rent reduction and exemption would reach more than 1 billion yuan (about 142 million U.S. dollars), benefiting about 8,000 enterprises covering industry, retail, commerce, and technical services.
SHANGHAI, Feb. 24 (Xinhua) -- Shanghai's Pudong New Area has introduced a series of supportive policies, including rent reduction and exemption to help companies resume production and reduce the fallout from the coronavirus outbreak, according to local authorities.
So far, 66 percent of industrial enterprises above designated size in the Pudong New Area have resumed work, said Guan Xiaojun, deputy head of Pudong New Area, at a press conference on Monday.
The resumption rate of the software information service companies in the area has reached 93 percent, and the figure of foreign trade enterprises has exceeds 85 percent, according to Guan.
Photo taken on Sept. 26, 2019 shows a light show at Lujiazui, east China's Shanghai. (Xinhua/Ren Long)
Pudong New Area State-owned Assets Supervision and Administration Commission said the amount of rent reduction and exemption would reach more than 1 billion yuan (about 142 million U.S. dollars), benefiting about 8,000 enterprises covering industry, retail, commerce, and technical services.
Pudong New Area also arranged 40 buses to transport employees outside Shanghai back to the companies.
In the newly established Lingang Special Area of China (Shanghai) Pilot Free Trade Zone, 971 companies have resumed operation and over 40,000 employees have returned to work.
The special area has also provided 1,000 apartments for returned employees for isolated observation as an anti-epidemic measure. ■