9 November 2022 | Other

China’s Zhengzhou lifts quarantine with Apple supplier maintaining COVID restrictions

Foxconn, an Apple product supplier, said that it continues to operate in a limited mode. Despite lifting a 7-day quarantine in Zhengzhou, the iPhone manufacturing plant has no plans to ease restrictions anytime soon.

The economic zone, with more than 600,000 residents, announced canceling of anti-COVID policies through its official WeChat account. Only areas with medium-to-high infection rates are likely to be touched by the restrictions. 

On Wednesday, Nov. 9, Foxconn said it would further implement anti-COVID controls in its operations. However, the company refused to disclose any details about the persons infected, or to comment on their state.

The Zhengzhou area had been shut down for quarantine as early as October. Residents were forbidden to leave their homes, while traffic was suspended due to restrictions. These factors put more pressure on Foxconn. The company faced massive discontent by workers after introducing new policies. 

Therefore, the corporation had to halt its operations. Several workers left the plant. Deliveries of premium iPhone 14 models are expected to decline, Apple stated on Monday. 

Company MarketCheese
Gold sell
Period: 16.03.2026 Expectation: 150 pips
Selling gold in short term with $5,000 target
Today at 06:40 AM 5
Period: 19.03.2026 Expectation: 17000 pips
ETHUSD selloff targets $2,150 as capital flight continues
Today at 06:25 AM 5
Gold buy
Period: 31.03.2026 Expectation: 6000 pips
Investing in gold if US CPI drops below expectations
Today at 05:15 AM 7
Period: 31.03.2026 Expectation: 800 pips
Buying USDJPY up to 158.80
Today at 05:15 AM 8
Period: 18.03.2026 Expectation: 1165 pips
NVIDIA holds support and retains upside potential toward $200
Yesterday at 05:10 PM 26
Period: 18.03.2026 Expectation: 1180 pips
EURUSD temporarily consolidates before next leg down
Yesterday at 09:15 AM 29
Go to forecasts