9 November 2022 | Technology

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
Period: 29.11.2024 Expectation: 800 pips
Silver buyers get ready to test 31.5 level
Today at 11:27 AM 29
Gold sell
Period: 01.12.2024 Expectation: 8110 pips
Gold loses ground as demand for safe haven assets wanes
Today at 10:04 AM 75
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 29.11.2024 Expectation: 700 pips
AUDCAD does not exit downward trend lines
22 November 2024 46
Period: 02.12.2024 Expectation: 560 pips
Brent oil on its way up after exiting bilateral pattern
22 November 2024 153
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 26.11.2024 Expectation: 2840 pips
Selling USDJPY with target at 152.00 influenced by BoJ policy
21 November 2024 94
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 25.11.2024 Expectation: 700 pips
EURUSD can not move far away from 1.052 level yet
20 November 2024 91
Go to forecasts