Foxconn, one of Apple's biggest suppliers, has suspended operations in Shenzhen as China locks down the technology hub and several other regions to contain the country's worst COVID-19 outbreak in two years.
The world's second largest economy is still doggedly pursuing its zero-COVID strategy, even as other nations reopen and try to live with the virus. The lockdowns in major Chinese cities will impact not just the country's post-pandemic recovery, but could deliver a new blow to global supply chains.
The southern city of Shenzhen, which borders Hong Kong, is home to Chinese tech giants like Tencent and Huawei. It imposed a week-long lockdown starting Monday, after recording 66 positive cases Saturday.
In its statement provided to CNN Business on Monday, Foxconn said that the "date of factory resumption is to be advised by the local government."
Foxconn has two major campuses in Shenzhen. The Taiwanese company has "adjusted" its production line to other sites to "minimize the potential impact" from the disruption, it added. It didn't elaborate on which locations would take on extra work.
Shares in Taipei-based Foxconn Interconnect Technology, a subsidiary of Foxconn, plunged 9.8% in Hong Kong on Monday.
China is grappling with its worst COVID outbreak since the original outbreak in Wuhan in early 2020 as cases surge across the country. On Sunday, it reported 2,125 local COVID-19 cases across 58 cities, according to the National Health Commission (NHC).
In Shenzhen, all businesses — apart from those deemed essential or engaged in supplying Hong Kong — have suspended operation or have implemented work-from-home policies.
Public transportation, including subways and buses, have been suspended in the city, which has a population of 17.5 million.
Shenzhen is also home to one of the world's largest container ports, and any disruption there could hit an already stressed out global supply chain. Last summer, the Yantian port in Shenzhen was forced to shut down for nearly a week after infections were found among dock workers, causing a massive backlog of goods that took months to clear and a spike in global freight rates. So far the port continues to operate.
Shares of major companies based in Shenzhen fared poorly in Hong Kong on Monday. Tencent sank 9.8%. Telecoms firm ZTE lost 7%. BYD, China's largest electric car manufacturer, fell 8.3%. And AAC Technologies, an audio components maker, plunged 9%.
Apart from Shenzhen, local authorities have also locked down the northeastern industrial hub of Changchun since Friday, where nine million residents were forbidden from leaving their neighbourhoods.
Shanghai, the country's largest business centre, has imposed stringent measures after a spike in COVID cases, closing schools and cinemas and restricting travel into the city.
These lockdowns come just months after China shut the northwestern city of Xi'an, which hit major business operations, including those of Samsung and Micron, two of the world's biggest chipmakers.
These stringent measures taken to control the pandemic have hit China's economy hard in recent times. Earlier this month, the government set an economic growth target at around 5.5% for 2022, the lowest official goal in decades.
—
CNN's Beijing bureau contributed to this report.
One year after a couple was shot and killed in their Caledon home in what investigators have described as a case of mistaken identity, Ontario Provincial Police say they are still trying to figure out who pulled the trigger.
A Las Vegas man called for police help during a home invasion before an officer fatally shot him, according to authorities and 911 calls.
A disease often thought to only affect 18th century sailors is reemerging in Canada.
With a combined US$270 million in worldwide ticket sales, 'Wicked' and 'Gladiator II' breathed fresh life into a box office that has struggled lately.
Artificially generated videos of a Toronto-based lawyer asking for money appear to be just one way some try to exploit newcomers to Canada during a time of confusion around new immigration rules.
Montreal's police chief says he expects more arrests stemming from a Friday anti-NATO protest that turned violent, with smashed windows and burned cars in downtown Montreal.
The chair of the United States House intelligence committee says Canada needs to accelerate its defence spending targets, especially with its military in 'desperate' need of investment.
The Lotto Max jackpot has climbed to $80 million for just the second time in Canadian lottery history.
With two days left before Nova Scotians elect their next government, polls suggest Progressive Conservative Leader Tim Houston's decision to call an early vote will pay off and the real battle will be between the Liberals and NDP for second place.
One year after a couple was shot and killed in their Caledon home in what investigators have described as a case of mistaken identity, Ontario Provincial Police say they are still trying to figure out who pulled the trigger.
With two days left before Nova Scotians elect their next government, polls suggest Progressive Conservative Leader Tim Houston's decision to call an early vote will pay off and the real battle will be between the Liberals and NDP for second place.
Ontario's colleges and universities say the federal government's cap on international students is taking a toll on the higher education sector as some schools face growing deficits, layoffs and, in at least one case, a temporary campus closure.
The federal government is providing $45 million in compensation to Inuit in Nunavik as part of Canada's apology for its role in the killing of sled dogs between the mid-1950s and the late 1960s.
Artificially generated videos of a Toronto-based lawyer asking for money appear to be just one way some try to exploit newcomers to Canada during a time of confusion around new immigration rules.
Canada Post says it has seen a shortage of more than eight million parcels amid an ongoing strike that has effectively shut down the postal system for nine days compared with the same period in 2023.
A Las Vegas man called for police help during a home invasion before an officer fatally shot him, according to authorities and 911 calls.
Shiite and Sunni Muslim tribes in Pakistan’s northwest have agreed to a ceasefire days after 42 Shiites were killed in an ambush.
Hezbollah fired about 250 rockets and other projectiles into Israel on Sunday in response to deadly Israeli strikes in Beirut.
Four men were convicted on Sunday in connection with the homophobic murder of a 24-year-old nursing assistant that sparked nationwide protests.
Twenty-four people died after two boats capsized off the Madagascar coast in the Indian Ocean, Somalia's government said Sunday.
Israel said Sunday that the body of an Israeli-Moldovan rabbi who went missing in the United Arab Emirates has been found after he was killed in what it described as a 'heinous antisemitic terror incident.'
Montreal's police chief says he expects more arrests stemming from a Friday anti-NATO protest that turned violent, with smashed windows and burned cars in downtown Montreal.
The chair of the United States House intelligence committee says Canada needs to accelerate its defence spending targets, especially with its military in 'desperate' need of investment.
Women and Gender Equality and Youth Minister Marci Ien is calling the federal government's proposed GST holiday and $250 rebate cheques a 'targeted approach' to address affordability concerns.
A disease often thought to only affect 18th century sailors is reemerging in Canada.
Joshua Orson sits on the edge of a bed in a bright, clean room, thinking about his journey from addict to health-care worker.
The Canadian Food Inspection Agency has announced an expanded recall on carrots over risks of E. coli O121 contamination, according to a notice issued Friday.
Canadian neurosurgeons in partnership with Elon Musk's Neuralink have regulatory approval to recruit six patients with paralysis willing to have a thousand electrode contacts in their brains.
Astronomers have spotted orbiting around a young star a newborn planet that took only three million years to form, quite swift in cosmic terms.
OnlyFans says it empowers content creators, particularly women, to monetize sexually explicit images and videos in a safe online environment. But a Reuters investigation found women who said they had been deceived, drugged, terrorized and sexually enslaved to make money from the site.
With a combined US$270 million in worldwide ticket sales, 'Wicked' and 'Gladiator II' breathed fresh life into a box office that has struggled lately.
The Italian artist who created the banana duct-taped to a wall that sold this week for US$6.2 million, said in an interview that the work was a 'provocation' and an invitation to appreciate the true value of art.
Cher recalls a curious interlude from her rich and many-chaptered history in her new book 'Cher: The Memoir, Part One.'
The richest person in the world got even richer Friday, with Musk’s net worth hitting a record US$347.8 billion, Bloomberg reported.
A U.S. court has closed the door on "hostile work environment" and wage discrimination claims made by a former BlackBerry Ltd. executive who accused the company's CEO of sexually harassing her and then retaliating against her when she reported the behaviour.
Maple Leaf Foods Inc. has launched a defamation lawsuit against Canada Bread Co. Ltd. and its parent company Grupo Bimbo.
The Australian government introduced what it's called 'world-leading' legislation in parliament this week to wipe social media accounts – including Snapchat, TikTok, Facebook, Instagram, Reddit and X – from the devices of children under 16.
They are tiny insects that are often overlooked or stepped on, but ants are marching not only into people’s backyards, but also their homes, as the popularity of ant-keeping rises in Canada.
Not so long ago, if you wanted to spend Christmas with the royal family, the only way to get close was to press your nose up to the TV screen during the monarch’s Christmas speech.
Max Verstappen claimed the Formula One World Drivers’ Championship at Las Vegas Grand Prix that saw George Russell take victory for Mercedes.
Angel Yin was making putts from across the green and threatening to build a big lead until Jeeno Thitikul finished eagle-birdie for a 9-under 63 to share the lead Saturday going into the final round of the CME Group Tour Championship with US$4 million on the line.
Former Philadelphia Eagles center Jason Kelce's wife announced Friday that she's pregnant with the couple's fourth child.
Nearly 46,000 electric vehicles from Kia, Hyundai and Genesis are being recalled in Canada over a potential power loss issue that can increase the risk of a crash.
Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in the parent company could be lost.
Canadian drivers are regularly in a hurry to get to their destination and a majority are willing to take unnecessary risks on the road, according to the results of a new survey.
The holidays may be a time for family, joy and togetherness, but they can also be hard on the wallet.
Humans weren’t the only ones who struggled through the bomb cyclone that formed off the B.C. coast this week, bringing intense winds and choppy seas.
After driving near the water that winter day, Brian Lavery thought he saw a dog splashing in the waves – then realized it was way too cold for that.
Toronto radio and podcast host Jax Irwin has recently gone viral for videos of her cute -- and at times confusing -- phone conversations.
The Lotto Max jackpot has climbed to $80 million for just the second time in Canadian lottery history.
Two young women from New Brunswick have won one of the most prestigious and sought-after academic honours in the world.
Stretching 3,000 kilometres from the tip of New Zealand to its southernmost point, with just a bicycle for transport and a tent to call home, bikepacking event Tour Aotearoa is not for the faint of heart.
When he first moved to his urban neighbourhood, Barry Devonald was surprised to be welcomed by a whole flock of new neighbours.
When George Arcioni began renovating his kitchen last summer, he didn’t expect to find a stack of letters hidden in the wall behind his oven.
Donations are ramping up for a BC SPCA cat with a mangled paw after being caught in a hunting snare, one of a rising number of pets to fall prey to the hunting device.
A murder in China and a civil lawsuit in B.C. have been preventing the sale of multiple Vancouver homes, but one of them could soon hit the market after a court ruling.
The Vancouver Canucks kicked off a six-game road trip by holding off the Ottawa Senators 4-3.
Doctors and emergency rooms across Canada have said they are seeing an unusual rise in walking pneumonia cases, particularly in children, but what about here in Ontario?
Joshua Orson sits on the edge of a bed in a bright, clean room, thinking about his journey from addict to health-care worker.
The 120th Santa Claus Parade is back in Toronto on Sunday and will bring along some road closures.
The snowfall warning for Calgary has been lifted after a Saturday snowstorm socked the city, but there are still flurries in the forecast for Sunday.
A week ago, the Calgary Flames were winning despite Martin Pospisil's slump and the NHL club's weak power play.
Snow routes were declared active in Lethbridge, the city posted on its website. Starting at 9 a.m. Monday, parking restrictions will be in effect for streets declared to be snow routes.
Ottawa police laid charges against two people during a pro-Palestinian demonstration on Saturday.
With CTV broadcasting NFL football games on Sundays this season, CTV News at Six will be broadcasting live on our website and the CTV News App.
Ottawa firefighters evacuated an apartment building in Sandy Hill after detecting high levels of carbon monoxide on Saturday night.
Provincial police (SQ) are investigating two suspicious fires on the same street within 24 hours in the municipality of Rawdon.
Montreal's police chief says he expects more arrests stemming from a Friday anti-NATO protest that turned violent, with smashed windows and burned cars in downtown Montreal.
Two pedestrians in their 60s died on Saturday after being struck by a vehicle in Saint-Théodore-d'Acton, in Montérégie.
Electric vehicles are off Alberta car lots, despite what experts say are some ongoing misconceptions about the technology.
Connor McDavid had two goals and an assist for the Edmonton Oilers in a 6-2 win over the visiting New York Rangers on Saturday.
Police are looking for a hit-and-run driver after a pedestrian was hit on Thursday night.
Saint John Police Force in Saint John, N.B., arrested a 30-year-old man for weapons related offenses on Saturday.
A crowd of over 20 people stood in the pouring rain Saturday in front of the RCMP detachment in Hampton, N.B., to bring awareness to a missing person’s case.
The 134th Salvation Army Christmas Kettle Campaign started Saturday across Canada.
‘Tis the season of giving, and the union representing Winnipeg transit workers found a way to take part and spread holiday cheer throughout the city.
Winnipeg police are asking the public to help find a 15-year-old girl who went missing Saturday afternoon.
A two-day manhunt in northwestern Ontario has ended in more than 20 charges against a Manitoba man and woman.
Regina digging itself out is yet again – mere days after it was slammed with the first major snowfall of the season.
Researchers from McGill University have discovered a first of its kind fossil specimen for Saskatchewan.
Sixteen local authors and book publishers gathered Saturday for the first ever Regina Bookwyrm’s Book Fair, organized by a Navy wife.
An auto repair shop based in Kitchener held a special fundraiser Saturday to help children and youth with physical disabilities, with former Maple Leafs captain Wendel Clark in attendance.
Groups representing post-secondary institutions say this may just be the tip of the iceberg, as dramatic drops in international student enrolment exacerbate some schools' existing budget shortfalls.
Doctors and emergency rooms across Canada have said they are seeing an unusual rise in walking pneumonia cases, particularly in children, but what about here in Ontario?
Saskatoon residents are digging out from another major snowfall that blanketed the city overnight.
Some local businesses say the federal government’s recent plan to pull back GST on several items is a positive initiative, but it should have been rolled out earlier in the holiday season.
This holiday season, Make-A-Wish kids and their families are experiencing the magic of Christmas a little early at Saskatoon’s historic Hotel Bessborough.
Taykwa Tagamou Nation, a Cree First Nation located within Treaty 9, has filed a statement of claim against the Province of Ontario and Newmont, a mining company that owns properties in Timmins.
An 81-year-old was killed in a dog attack this week in Bonfield, Ont. Police believe three dogs were involved.
The Canadian Food Inspection Agency has announced an expanded recall on carrots over risks of E. coli O121 contamination, according to a notice issued Friday.
The London Fire Department is on scene of a house fire in the city.
The St. Thomas police have arrested someone after an incident at the Santa Claus parade on Saturday.
An overnight crash in Tiny Township is under investigation, where a car allegedly crashed into a tree and both occupants were taken to hospital.
Simcoe Muskoka saw its first signs of snow of the season Sunday morning, with a mix of flurries and rain leading to worsening road conditions and police reporting multiple collisions.
The Maple Ridge Ravens girls’ basketball team won a gold medal at the Girls AAA OFSAA Championships this weekend in Brampton, defeating the Mother Teresa Spartans 46-42 in comeback fashion.
The Essex OPP has confirmed two vehicle collisions in Essex County on County Road 42.
The Windsor Spitfires took home the win against the Ottawa 67s in Windsor on Saturday night.
For the first time in six years, classical Indian dance forms returned to the stage in Windsor as part of the Umang Light of Hope Festival.
British Columbia's electric utility says it has restored power to almost all customers who suffered outages during the bomb cyclone earlier this week, but strong wind from a new storm has made repairs difficult in some areas.
There won't be a sitting of the British Columbia legislature this fall as originally planned.
Canada Post says it has seen a shortage of more than eight million parcels amid an ongoing strike that has effectively shut down the postal system for nine days compared with the same period in 2023.
Police are appealing for information on a targeted shooting that resulted in the hospitalization of a man in Kamloops.
British Columbia's independent police watchdog has cleared officers of wrongdoing in a crash where three people were killed south of Kamloops in July of last year.
A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail.
Snow routes were declared active in Lethbridge, the city posted on its website. Starting at 9 a.m. Monday, parking restrictions will be in effect for streets declared to be snow routes.
The Hurricanes dropped their third straight game on Friday night, losing 6-3 to the Winterhawks in Portland.
City crews are working to repair an emergency water main break on 5 Avenue North between 28 Street North and 29 Street North Saturday morning.
Practice this week for the Sault College Men’s Hockey Team was taken to another level, as the Cougars face off against cross-border rival Lake Superior State University this weekend.
Sault-based charity Save Our Young Adults, or SOYA, will soon move to a new home -- for good reason.
The City of Elliot Lake said Thursday it has received a $3-million donation from Edward and Suzanne Rogers for the Centennial Arena restoration.
A Newfoundland energy company's embrace of data centres is raising doubts about eastern Canadian hopes of harnessing the region's howling winds to supply Germany with power from green hydrogen.
An international group led by a Canadian is in Rome this week to push the Catholic Church to adopt a zero-tolerance policy on abuse by clergy.
A company hoping to build a multi-billion-dollar wind-to-hydrogen project in western Newfoundland is eyeing other options as Canada's plans to supply Europe with green energy have not yet materialized.
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
