It has been almost three years since Covid-19 first hit China, but the country’s relentless adherence to lockdowns continues to hobble business and the economy
. Top global and Chinese companies, from carmakers to tech giants, have experienced huge disruptions to their business in recent days as the world’s second-largest economy doubles down on its zero-Covid approach after Xi Jinping began his third term in power with a ringing endorsement of the policy. On Wednesday, authorities imposed a seven-day lockdown of the area that houses China’s biggest iPhone assembly factory, in the central city of Zhengzhou.
Visitors have been locked inside the park until they show a negative test for the virus. Cars and fast food Carmakers are also being hit as cases rise across China, and authorities impose lockdowns, mandatory quarantines, and repeated mass testing. On Wednesday, Chinese state media outlet National Business Daily said that electric carmaker Nio\n \n shut down two factories in the eastern city of Hefei because of Covid curbs.
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