Foxconn is Apple's biggest iPhone maker, producing 70% of iPhone shipments globally, which in turn makes up 45% of the Taiwanese firm's revenue
Reports of Foxconn's Zhengzhou campus operating in a “production bubble” went viral on Chinese social media platforms
China’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
Millions of people in China are under Covid controls again as Beijing continues to enforce its controversial zero-Covid policy and...
The world's second-biggest economy is set to slow again in the third quarter as Covid lockdowns across the country hit production
Huaqiangbei market in Shenzhen, which houses thousands of shops selling key components like microchips and telephone parts to manufacturers, will be shuttered until Sept 2
China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces
China’s yuan is facing the most sustained depreciation pressure since 2015, when a shock devaluation triggered a global stock market rout
The government will also prioritise the fight against the coronavirus pandemic and stabilise employment and prices, state media reported
BCA Research expects China's recovery to be U-shaped this year, failing to repeat the V-shaped resurgence that followed lockdowns in 2020 during the early part of the pandemic.
"As long as employment is relatively sufficient, household income grows and prices are stable, slightly higher or lower growth rates are both acceptable," Premier Li Keqiang said
The government is looking to boost infrastructure investment to achieve its 5.5% gross domestic product (GDP) growth target for 2022.