Free Trial

Local Governments To Continue Construction Despite Covid Outbreaks

CHINA PRESS
MNI (Singapore)

Local governments including Hefei, Fuzhou and Zhengzhou cities are trying to ensure the normal operation of construction activities amid Covid outbreaks, Yicai.com reported. The Hefei government said it is strictly forbidden to simply stop activity on construction sites in the name of Covid controls, and the payment of project deposits in Q4 can be deferred for one quarter, the newspaper said. The Zhengzhou government said it will control the outbreak in the industrial park that houses Foxconn Technology’s main plant to restore normal production as soon as possible, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.