China Covid-Zero Enforcers

[ad_1] Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy. Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs.Across China, cities including the capital Beijing and financial hub Shanghai have closed malls and parks, and imposed limits on the movement of people arriving from elsewhere as infections neared record highs last seen in April. The measures are darkening the outlook for the world's second-largest economy and dampening hopes that China would significantly ease...

[ad_1] With little warning, China locked down the world’s largest iPhone factory on Wednesday. It’s the last thing Apple Inc. needed. With little warning, China locked down the world's largest iPhone factory on Wednesday, declaring the zone around the Zhengzhou Foxconn Technology Group complex off-limits to combat a local Covid-19 outbreak. It's the last thing Apple Inc. needed. The abrupt move is expected to further disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine. Local authorities said Wednesday that they'll sterilize Foxconn's campus and the surrounding areas in the next three days and send N95 masks to workers, another sign of the government's tightening grip. It served up a stark reminder of th...

Tag: China Covid-Zero Enforcers

China widens COVID curbs, Apple factory unrest adds to economy worries

Big Setback for Apple; iPhone Supply Chain Takes Hit From China’s Covid-Zero Enforcers