Economics
China Lockdowns Hit Output for Toyota, VW to Apple Suppliers
- Tech hub of Shenzhen, Jilin province in northeast locked down
- Covid Zero policy becoming more disruptive as outbreaks return
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Lockdowns aimed at stemming the spread of Covid-19 in China are disrupting the operations of a raft of businesses, with more than 45 million people restricted from leaving their homes as the country faces the biggest challenge yet to its pandemic containment efforts.
Key Apple Inc. supplier Hon Hai Precision Industry Co. said it was halting production at its sites in Shenzhen, the southern technology hub that was locked down with little notice on Sunday, its public transport networks halted and 17.5 million residents ordered to limit their movements.