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
Period: 10.07.2026 Expectation: 2000 pips
Buy USDCAD ahead of BoC's interest rate decision
Today at 07:14 AM 4
Period: 17.06.2026 Expectation: 650 pips
EURUSD loses ground after another wave of Middle East escalation
Today at 07:13 AM 4
Period: 30.06.2026 Expectation: 1500 pips
Invest in Brent crude up to $107
Today at 04:21 AM 6
Period: 09.07.2026 Expectation: 4350 pips
Bitcoin sell-off targets $59,000
Yesterday at 11:20 AM 49
Period: 16.06.2026 Expectation: 1235 pips
Buy Brent crude with $107.60 target as it exits descending triangle
Yesterday at 10:07 AM 40
Period: 09.07.2026 Expectation: 2250 pips
Selling AUDUSD down to 0.68250
Yesterday at 09:34 AM 34
Go to forecasts