The IMF identified China's Covid restrictions as a major deterrent for investors, the SCMP said
Foxconn has already taken a hit from Covid disruption at its key Zhengzhou factory, Nikkei Asia said
Rumours and news reports have raised hopes for the easing of China's tough Covid curbs and improved relations with the United States
Foxconn is Apple's biggest iPhone maker, producing 70% of iPhone shipments globally, which in turn makes up 45% of the Taiwanese firm's revenue
Shares in Japan closed at their highest level in nearly seven weeks, while world stocks also hit a five-week high and most Asian currencies also eked out gains after a decline in the dollar index
Reports of Foxconn's Zhengzhou campus operating in a “production bubble” went viral on Chinese social media platforms
Millions of people in China are under Covid controls again as Beijing continues to enforce its controversial zero-Covid policy and...
Huaqiangbei market in Shenzhen, which houses thousands of shops selling key components like microchips and telephone parts to manufacturers, will be shuttered until Sept 2
Fund says Beijing could avoid further lockdowns if it uses "effective vaccines" as it warns that $300bn yuan real estate measure was a "fix" that might not be enough
Wuhan's district of Jiangxia, with over 900,000 residents, said its main urban areas must enter a three-day restriction from Wednesday
Rising concern about consumer and business confidence in China - as strict curbs aimed at stamping out Covid-19 undercut a return to prosperity - have hampered growth
The government will also prioritise the fight against the coronavirus pandemic and stabilise employment and prices, state media reported