While it's true that business activity has slowed down because of the Coronavirus, it hasn't ground to a complete halt. Shanghai, one of the biggest centres of foreign trade and investment into China, reports 54 percent of surveyed firms are back at work - albeit not business as usual.
"To stem the spread of the virus, many Chinese cities including Shanghai, home to nearly 50,000 foreign companies, resumed operations with caution by extending the Lunar New Year holiday and postponing the resumption of work until Feb. 10.
According to the survey, telecommuting has been widely implemented by foreign businesses to resume operations while reducing close person-to-person contact.
A total of 13 surveyed foreign enterprises including Denmark-based toy marker LEGO and German auto manufacturer BMW resumed production but had their employees work remotely, said Huang Feng, head of the SAFI."