Despite China’s manufacturing sector seeing a contraction of activities in October amid the impact of COVID-19, firms expect the sector to heat up in the near term. The purchasing managers’ index (PMI …
Monthly Archives For October 2022
China’s biggest iPhone factory acts after workers flee Covid-19 outbreak
A Covid-hit iPhone assembly factory in the Chinese city of Zhengzhou issued three notices on Sunday (Oct 30), pledging to arrange safe passage for workers wishing to leave and a sanitised environment …
Shanghai Disney Resort will be closed indefinitely from Halloween due to COVID-19
Shanghai Disney Resort, which includes Shanghai Disneyland, shopping and dining facilities, will be closed indefinitely starting on Halloween due to the coronavirus pandemic.
Oil falls on China COVID-19 curbs and weak factory data
Factory activity in China, the world’s largest crude importer, fell unexpectedly in October, an official survey showed on Monday, weighed down by softening global demand and strict COVID-19 …
New Chinese COVID-19 measures reportedly leaves visitors stranded at Disneyland Shanghai
Visitors at Shanghai Disneyland were left stranded at the park on Monday, after the resort halted operations to comply with new COVID-19 restrictions amid …
China Unicom profit climbs
China Unicom booked profit growth in the first nine months of 2022, driven by gains across its mobile, cloud and industry internet units.
US Suggests EU Consider Using Export Limits to Target China
The US has raised with European allies the idea of drawing upon lessons from the export control regime they’re using to punish Russia to target China, according to people familiar with the matter. Mos …
Apple iPhone output at major China plant could fall by 30% amid COVID-19 curbs – Reuters
Foxconn’s main Zhengzhou plant in central China, which employs about 200,000 people, has been hit by discontent over stringent measures to curb the spread of COVID-19, with several workers fleeing the …
Video: Workers flee China’s Covid lockdown at world’s biggest iPhone factory
As rising number of Covid outbreaks across China prompted tightening of local curbs and lockdowns, discontent against the restrictions was apparent in the central city of Zhengzhou. A Foxconn plant …
Apple’s China supply chain tested as Covid hits iPhone assembler Foxconn
Apple’s main iPhone assembler Foxconn said it was preparing to shift production to other parts of China as masses of workers fled its main production hub to escape a worsening Covid outbreak. Local …
US curbs on microchips could throttle China’s ambitions and escalate the tech war
Chinese leader Xi Jinping’s push to “win the battle” in core technologies and bolster China’s position as a tech superpower could be severely undermined by Washington’s unprecedented steps to limit …
Asia bond funds dump China in favour of cash after high-yield rout
Bond fund managers with strategies focused on Asian high-yield issuers have switched to cash and other non-China assets after suffering huge losses in China’s corporate bond market. Once a …
China’s EV Are Coming After Fiat & Volkswagen: BMW, Mercedes Next?
China’s auto exports rose over 50% in the first nine months of this year, shipping out over 2 million vehicles.