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The comments marked the first time the two nations have been lumped into the list of major emitters that island states say should be held to account for damage already being wrought by global warming. "We all know that the People's Republic of China, India - they're major polluters, and the polluter must pay," Browne said. To date, climate vulnerable countries have called on historical emitters like the United States, United Kingdom and the EU to pay climate reparations. China itself has previously supported the creation of a loss and damage fund but has not said it should pay into it. The EU and United States have said that China, the world's biggest greenhouse gas emitter, should pay.

☆ China vows to continue with 'dynamic-clearing' COVID strategy
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +2 min

The country's strict COVID containment approach is still able to control the virus, despite the high transmissibility of COVID variants and asymptomatic carriers, an official from the China National Health Commission told a news conference. Asked if there would be a change of policy in the near term, disease control official Hu Xiang said China's measures are "completely correct, as well as the most economical and effective." The briefing followed a week in which markets surged on hope China would relax restrictions, buoyed further on Friday when a former disease control official told a banking conference that China would make "substantial" changes to COVID policy in the coming months. "We attach great importance to these problems and are rectifying them," said Tuo Jia, another disease control official. China reported 3,837 new COVID-19 infections for Friday, of which 657 were symptomatic and 3,180 were asymptomatic, a slight decrease from the six-month-high of 4,045 new COVID-19 infections reported a day earlier.

☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
▼ + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ World's largest iPhone assembly plant under new Covid lockdown in China
▼ + stars: | 2022-11-02 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

An industrial park in China that is home to the world's largest assembly plant for Apple 's iPhones has been ordered to complete a seven-day Covid lockdown, according to a report by Reuters. The lockdown comes as Apple works to meet the demand for some of its new iPhones, which launched in September. The Zhengzhou Airport Economy Zone, located in central China's Henan province, is imposing "silent management measures," the report said. The lockdown marks a retightening of measures in the region after Zhengzhou unexpectedly lifted some restrictions on Tuesday, the report said. Apple still relies heavily on China for the majority of its iPhone production, but the tech giant has been diversifiying its supply chain.

☆ iPhone maker Foxconn has hit back at 'maliciously edited' videos of worker deaths at its facility following a COVID outbreak, after clarifying there have been no casualties
▼ + stars: | 2022-11-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Foxconn denied claims on social media that some of its workers died from COVID in their dormitory. Unverified videos circulating online claimed that eight workers died in one dormitory room. Foxconn called the footage "maliciously edited," and said no workers had died at its facility. According to the system, workers have to be transported directly from their dormitories to the factory and back. Reuters and Bloomberg reported separately this week that Foxconn is raising workers' wages at the Zhengzhou plant in an attempt to shore up its workforce amid the departures.

☆ Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +4 min

The original bonus scheme was initially outlined in an article on Monday by the government backed Henan Daily newspaper citing a senior unnamed Foxconn executive. CLOSED LOOP TOLLVideos circulating on social media appear to show departing Foxconn workers laden with luggage and walking along village roads towards their home towns. Many people who said they were Foxconn workers turned to social media to complain about receiving insufficient food or about the uncertainty of the situation. Foxconn did not immediately respond to a request for comment on the Henan Daily article. The Henan Daily is the official newspaper of Henan province, of which Zhengzhou is the capital.

☆ Shanghai Disney visitors told to stay home after COVID case, Foxconn ups bonuses
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +5 min

SHANGHAI, Nov 1 (Reuters) - Several Shanghai residents received fresh stay-at-home orders and mandatory testing notices on Tuesday as authorities raced to trace contacts linked to a COVID-positive woman whose visit to the city's Disney Resort prompted its temporary lockdown. The Shanghai Disney Resort on Monday abruptly shut its gates, locking in all visitors at the time and only allowing them to leave, hours later, after they had tested negative for the virus. Marvis He was among Disney visitors caught up in the resort's lockdown, having flown in from Shenzhen in hopes of enjoying the park's Halloween themed fireworks. Foxconn has been one of the biggest corporate names affected by a quasi-lockdown of Zhengzhou, a major logistics hub in central China. In recent days, videos appearing to show departing Foxconn workers laden with luggage and walking along village roads towards their home towns have gone viral on Chinese social media.

☆ Fearing COVID, workers flee from Foxconn's vast Chinese iPhone plant
▼ + stars: | 2022-10-31 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

He walked through the night, keeping to a northerly route, towards his hometown of Hebi, every step taking him farther away from iPhone maker Foxconn's (2317.TW) Zhengzhou plant, the Taiwan-based group's largest in mainland China. "There were so many people on the road," Yuan told Reuters on Monday, declining to give his full name because of the matter's sensitivity. "People would be called away in the middle of work, and if they don't show up the next day, that would mean they had been taken away," Yuan said. On Sunday afternoon, the company told Reuters in an emailed statement that workers were allowed to leave if they chose to. "I'll never go back to Foxconn," said Yuan, who has since been transported to Hebi and put under quarantine.

☆ EXCLUSIVE Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
▼ + stars: | 2022-10-31 | by ( Yimou Lee | ) www.reuters.com time to read: +3 min

[1/2] The logo of Foxconn is pictured on top of the company's headquarters in New Taipei City, Taiwan October 31, 2022. A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing. Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. Foxconn has not disclosed whether any workers at the Zhengzhou site had been diagnosed with COVID-19. Authorities have since Oct. 19 reported 264 locally transmitted COVID-19 cases in Zhengzhou, the capital of central Henan province.

☆ Workers in China flee major iPhone factory amid Covid curbs
▼ + stars: | 2022-10-31 | by ( ) www.nbcnews.com time to read: +3 min

Late on Saturday, cities near Zhengzhou, including Yuzhou, Changge and Qinyang, urged Foxconn workers to report to local authorities in advance before heading home. Apple did not immediately reply to a Reuters request for comment on the Foxconn situation. Photographs and videos circulating on Chinese social media since Saturday showed Foxconn workers, apparently returning home, trekking across fields in the day and along roads at night. In a show of support, residents in the vicinity left bottled water and provisions next to roads with signs such as: “For Foxconn workers returning home,” according to social media posts. “Some people were walking amid wheat fields with their luggage, blankets and quilts,” one user on WeChat, a popular social media platform, wrote about the images.

☆ Exclusive: Foxconn COVID woes may hit up to 30% of iPhone November output from Zhengzhou plant
▼ + stars: | 2022-10-31 | by ( Yimou Lee | ) www.reuters.com time to read: +3 min

It also builds the device in India and southern China, but its Zhengzhou factory assembles the majority of its global output. A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing. Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. Foxconn and local authorities have not disclosed the number of any infected workers at the site. Zhengzhou, capital of central Henan province, has since Oct. 19 reported 264 locally transmitted COVID-19 cases.

☆ Fearing Covid, workers flee from Foxconn's vast Chinese iPhone plant
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +2 min

After enduring days of lock-in at Foxconn's vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening Covid outbreak. He walked through the night, keeping to a northerly route, towards his hometown of Hebi, every step taking him farther away from iPhone maker Foxconn's Zhengzhou plant, the Taiwan-based group's largest in mainland China. "There were so many people on the road," Yuan told Reuters on Monday, declining to give his full name because of the matter's sensitivity. "People would be called away in the middle of work, and if they don't show up the next day, that would mean they had been taken away," Yuan said. On Sunday afternoon, the company told Reuters in an emailed statement that workers were allowed to leave if they chose to.

☆ Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +3 min

Taiwan-based Foxconn, which has about 300,000 workers in Zhengzhou, has not disclosed the number of infected workers. On Oct. 19, Foxconn banned all dining-in at canteens and required workers to take their meals in their dormitories, but assured that production was normal. Photographs and videos circulating widely on Chinese social media since Saturday showed Foxconn workers trekking across fields in the day and along roads at night. "They were Foxconn employees who escaped from the factory and were walking home," wrote a user of WeChat in a post about the social media images. Returning workers are to travel "point-to-point" in pre-arranged vehicles en route, and are to be quarantined on arrival, they said in separate letters on their respective social media accounts addressed to Zhengzhou Foxconn workers.

☆ Foxconn's iPhone factory in China — the world's largest — hit by Covid outbreak
▼ + stars: | 2022-10-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Foxconn said Tuesday that its factory in Zhengzhou, China — the world's largest assembly plant for Apple's iPhones — was hit with a small Covid outbreak. Zhengzhou, in central China's Henan province, has been battling a new wave of Covid this month. Foxconn's position highlights the balancing act required by manufacturing facilities to meet customer demand under Beijing's strict Covid policy. Apple still relies heavily on China for the majority of its iPhone production, but the Cupertino giant has looked to diversify its supply chain. Last month, Apple said that it has begun assembling its flagship iPhone 14 in India.

Then came the pandemic and a property crisis, and with them, clear evidence of the limits of the debt-fuelled, investment-driven model that had propelled China's economy and businesses like Shores'. "If there is no investment, consumption will be like a tree without roots," said Jia, who previously led a finance ministry think tank. Many uncertainties hang over China's economy: the zero-COVID policy, a crackdown on tech and other industries, geopolitical tensions and rising borrowing costs in export markets. China is widely expected to miss this year's 5.5% GDP growth target and Natixis estimates growth may not even top 3% a year into Xi's next mandate. Oxford Economics expects average annual GDP growth this decade to halve from the 1999-2019 average to 4.5% and slow to 3% in the decade after.

☆ When Chinese protesters came up against Xi's security machine
▼ + stars: | 2022-10-13 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +12 min

Handout via REUTERSBEIJING, Oct 13 (Reuters) - Jack Yao, a Chinese Communist Party member, never wanted to be an activist. It offers a glimpse of the lengths some frustrated citizens will go to in taking on the world's most powerful security state. China's Ministry of Public Security, the Henan and Anhui local governments, and police departments in those provinces and Beijing didn't respond to requests for comment for this article. Chinese authorities say social stability is the foundation for a prosperous future and dismiss human rights complaints as Western propaganda and interference in internal affairs. Protesters chanted: "Henan banks, give us back our deposits."

☆ Leapmotor’s modest IPO obviates big leap of faith
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/StringerHONG KONG, Sept 27 (Reuters Breakingviews) - Leapmotor is cruising in gloomy markets. The Chinese electric-vehicle maker priced shares of its initial public offering, the largest in Hong Kong this year, at the bottom end of a previously indicated range, per IFR. Chinese consumers are increasingly gravitating towards more affordable local brands too, according to a Bernstein survey released this month. Leapmotor’s sales in the first quarter fell a little short of the pace it needs to hit but its still within reach. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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