Factory workers flee largest iPhone plant in China

November 2, 2022

Up to 60,000 factory workers at the largest iPhone production plant in China ran away from the facility to avoid getting caught in a forced quarantine mandated by the government’s “zero tolerance” policy for COVID-19. Foxconn, which operates the plant in Zhengzhou, is struggling to keep workers who believe the company is not doing enough to protect their safety.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.