Apple’s largest smartphone manufacturing base in Zhengzhou, operated by Foxconn, has rebounded to peak production levels just one month after China’s COVID-19 policy adjustments, signaling a rapid recovery for the region’s tech-driven economy. The resurgence highlights China’s industrial resilience as the International Monetary Fund (IMF) projects the nation’s GDP growth to hit 5.2% in 2023.
Dubbed the ‘iPhone City,’ Foxconn’s Zhengzhou facility employs over 200,000 workers and produces roughly 70% of Apple’s flagship devices globally. Analysts note that its quick rebound reflects broader supply chain stabilization efforts and rising consumer demand ahead of Apple’s anticipated product launches later this year.
The IMF’s upgraded forecast aligns with data showing increased manufacturing activity across key Chinese tech hubs. Experts suggest this recovery could bolster global electronics supply chains while reinforcing China’s role in high-tech manufacturing.
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How Apple's largest smartphone production base pick up steam?
cgtn.com
