Foreign-funded companies, joint ventures resuming production
(chinadaily.com.cn)| Updated : 2020-02-19Print Print
Airbus restarts operations of the Tianjin Final Assembly Line on Feb 17, 2020. [Photo provided to chinadaily.com.cn]
Foreign-funded companies and joint ventures across China have gradually resumed production and demonstrated their confidence in the Chinese market.
Airbus China said in a company press release that it has been authorized by Chinese authorities and has restarted operations of the Tianjin assembly line. This means it can gradually increase production, while implementing all required health and safety measures for Airbus employees, which remains the company's top priority, the press release said.
Airbus Tianjin General Manager Frank Schreiber was quoted in an interview with Tianjin TV that the company has full confidence to tackle current challenges.
"We are trying to reduce the short-term impact. Based on the current situation, it's not difficult for us to fulfill our whole year target," Chang Tong, general manager of Bombardie's Tianjin branch company, told Jinyun news portal.
In Binhai New Area, Tianjin, a total of 721 companies, including 85 from overseas, had resumed operations and production by early this week.
Tianjin has released up to 21 measures to help companies to cushion the impact brought by the NCP. Authorities in Binhai High-tech Zone in Binhai New Area also subsidized up to 100 million yuan ($14.2 million) to companies over the outbreak.