Shash, I agree.  In regards to the situation for the economy in China right now it would seem it is becoming more so on a daily basis:  "Complicated" 

CNN posted an article by Nectar Gan today titled:  "China is caught in a zero-Covid trap of its own making"

Part of that article focuses on what has happened at the Foxconn factory in Zhengzhou, Henan Province, China where that facility makes iPhones.

China Locks Down Area Around ‘iPhone City’ in Blow to Apple (msn.com)

Going back to today's (2 November 2022) CNN article we see the  following quote:

"Another hurdle to pivoting from zero-Covid is a pervasive fear of the virus among large swaths of the public, instilled by the Chinese government to justify its harsh control measures, experts say.

“Authorities have demonized Covid, exaggerating its severity and mortality rate and talking up long-Covid symptoms. Many ordinary people are still very afraid of the virus, with recovered Covid patients suffering from severe discrimination and stigmatization,” Jin said.

It was partly such fears that drove thousands of migrant workers to flee in panic from the Foxconn factory in Zhengzhou, he said.

Videos of people traveling on foot, dragging their luggage on roads and across fields, went viral on Chinese social media over the weekend. Zhengzhou, a city of 12 million, imposed sweeping lockdown measures last month after identifying dozens of Covid-19 cases.

The Foxconn facility has been racing to control an outbreak since mid-October, though the company has not disclosed the number of infections among its workers. On Wednesday, the Zhengzhou Airport Economy Zone, where the Foxconn plant is located, announced new lockdown measures."

China is caught in a zero-Covid trap of its own making (msn.com)

Xiamen, Fujian Province, where the SPX plant is located is small by comparison population statistics at only around 4 million people vs the 12 million people of Zhengzhou.

The CNN article analysis by Nectar Gan of smaller cities in China trying to cope with Covid makes the assessment that more severe measures are likely in smaller Chinese cities than in the huge population centers such as Shanghai and Bejing:

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"“The new political ecology also provided more incentive for local governments to impose more draconian Covid control measures,” Huang said.

A renewed zeal for the policy can be seen most clearly in smaller cities. While metropolises like Beijing and Shanghai can draw on their experiences of major flareups to implement more targeted lockdown measures, smaller cities with no such know-how tend to pursue zero-Covid goals in a more aggressive and extensive manner, Huang said.

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Could the same situation that shut down Foxconn in Henan Province ultimately occur at the Fujian facility for Super Photonics?  Maybe, maybe not, however in view of the political situation in China at the present moment in time it can not be discounted as a possibility amongst the vicissitudes of Chinese political and economic turmoil as related to COVID 19 and the CCP response.

JMO

Okiedo