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CHINA beams a ray of hope ... Plan to ease Covid restrictions across IPHONE CITY( UPPERCASE and ====> and [[ ]] added ) <<Chinese Officials Plan To Ease Covid Restrictions Across iPhone City BY TYLER DURDEN TUESDAY, NOV 29, 2022 - 04:35 PM Update (1134ET): After Chinese health officials announced an accelerating move to vaccinate older people against Covid-19, a sign the world's SECOND-LARGEST economy COULD be reopening after disastrous zero Covid policies, a NEW report says the METRO AREA AROUND THE WORLD'S LARGEST IPHONE PLANT is set to loosen Covid restrictions. Bloomberg reported FOXCONN’s massive iPhone factory in Zhengzhou, central China, is SET TO EASE Covid control measures. *CHINESE CITY HOSTING KEY IPHONE PLANT LOOSENS COVID CONTROL — zerohedge (@zerohedge) November 29, 2022 ====> We noted last week that Zhongzhou authorities posted a statement on its WeChat page about mobility restrictions around the city due to rising infections. NOW it APPEARS restrictions are BEING LIFTED. Also LAST WEEK, a combination of Coivid [sic] restrictions at the iPhone plant and city, along with pay disputes among new workers at the factory, led to massive unrest that is set to cause supply woes for Apple. ====> On Monday, there was SPECULATION by BLOOMBERG that disruptions at the factory could result in a 6 MILLION IPHONE PRO PRODUCTION SHORTFALL by the end of the year. ====> The HEADLINE was enough to send Apple shares PLUNGING from session highs. [[ Chart: https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/unnamed-1_39.jpg?itok=ZEhNgGEo ]] *APPLE DROPS MORE THAN 2% TO LOWEST SINCE NOV. 10 — zerohedge (@zerohedge) November 29, 2022 * * * Hong Kong markets and Chinese stocks listed in the US surged in premarket trading as Chinese government health experts made an unscheduled overnight announcement in which they not only vowed to speed up Covid shots for the elderly but to AVOID EXCESSIVE RESTRICTIONS, fueling a new round of BETS that Beijing is bending to the pressure of an economic reopening. "The vaccination rate of the first dose of the vaccine for people over 60 years old has exceeded 90%, but it is still necessary to continue to do a good job of full vaccination and to strengthen immunization for people aged 60-79, especially those over 80 years old," the National Health Commission wrote in a statement. An official told reporters that vaccination is the best way to prevent severe illness and death, and the elderly benefit the most. The low elderly vaccination rate was viewed as a SIGNIFICANT ROADBLOCK in REOPENING THE ECONOMY, like the rest of the world. The Hang Seng China Enterprises Index SOARED OVER 6%, because as Bloomberg's Sofia Horta e Costa put it, we got "plenty of signaling" on the road to reopening, to wit: . . . .>> Continues: https://www.zerohedge.com/markets/chinese-stocks-jump-elderly-vaccination-boost-fuels-reopening-bets QUESTION: Why hasn’t China tried to overcome Covid with the tested combination of vitamin D3 and Zinc? Are China’s cities so blanketed with smog that the “sunshine vitamin” can’t get through to the people? <<Vitamin D: The "sunshine" vitamin>> https://pubmed.ncbi.nlm.nih.gov/22629085/ |
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