Apple supplier Foxconn's founder Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported.
The appeal, sent by Gou in a letter more than a month ago, played a major role in convincing China's leadership to quickly reopen the economy and move away from its zero-tolerance COVID-19 policy, the report said on Thursday, citing people familiar with the matter.
Gou's office said in a statement that it "sternly denies" the facts in the report. Foxconn, which is the biggest assembler of iPhones, declined to comment, while China's State Council Information Office could not be immediately reached for comment. Gou retired from Foxconn in 2019 and has no formal role within the company any more, though remains influential.lifted its "closed-loop" management curbsThe Zhengzhou plant had been grappling with strict COVID restrictions that fuelled discontent among workers over factory conditions, triggering an 11.4% year-on-year drop in November revenue.for the all-important holiday quarter as a result of turmoil at the major iPhone factory.
Chinese health officials and government advisers seized on Gou's letter to bolster the case that the government needed to speed up its efforts to ease its tough COVID-19 controls, the report added. Reporting by Chavi Mehta in Bengaluru; Additional reporting by Sarah Wu; Editing by Sherry Jacob-Phillips and Sam Holmes
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Letter From Top Apple Supplier Foxconn Prodded China to Ease Zero-Covid RulesA letter from Apple supplier Foxconn played a major role in China's decision to speed up plans to ease zero-Covid policies, people familiar with the matter said
Read more »
Forex Today: Markets remain cautious despite easing of Covid curbs in China, eyes on BOCForex Today: Markets remain cautious despite easing of Covid curbs in China, eyes on BOC – by eren_fxstreet Currencies Majors BOC Commodities Macroeconomics
Read more »
China Scraps Most Testing, Quarantine Requirements in Covid-19 Policy PivotChina took another step away from its stringent Covid-19 controls, easing quarantine and testing requirements and curtailing the power of local officials to shut down entire city blocks and raise barriers to domestic travel.
Read more »
China eases nationwide Covid restrictions after protestsChina loosens nationwide Covid restrictions following protests against the hardline strategy that grew into calls for greater political freedoms
Read more »
China scraps some of its most controversial Covid rules, in significant step toward reopening | CNNChina announced sweeping changes to its national pandemic response on Wednesday, the clearest and most significant sign yet that the country is moving away from its strict zero-Covid approach.
Read more »