Fresh COVID curbs in China hit iPhone production, shut Shanghai Disney

Monday, 31 October 2022Newsdesk

China's COVID-19 curbs forced the closure of Disney's Shanghai resort today, while production of Apple Inc iPhones at a vast contract manufacturing facility could drop by 30 per cent next month due to coronavirus restrictions, a source told Reuters.

New Delhi 31October 2022

As per news report of NDTV, Rising case numbers from numerous outbreaks across China have prompted a tightening of local curbs and lockdowns, including in parts of big cities such as the southern metropolis of Guangzhou, as the economic toll of the country's zero-COVID policy mounts. Data released today showed that Chinese factory activity unexpectedly fell in October, dragged down by softening global demand and strict domestic COVID-19 curbs, which hit production, travel and shipping in the world's second-largest economy.

Source -NDTV