How do Taiwan’s elections relate to Foxconn inspections? – Kommersant FM
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China has begun inspections of Foxconn, the main supplier of components for Apple. The investigation concerns taxes and land use conditions. Against this background, shares of the Taiwanese company fell by 3%. World media note that the proceedings are taking place against the backdrop of an election campaign – the founder of Foxconn, billionaire Terry Gou is running for the presidency of Taiwan. More details – in a review of the foreign press on Kommersant FM.
Inspections are taking place at key Foxconn facilities in Guangdong, Jiangsu, Henan and Hubei provinces. Chinese newspaper Global Times writesthat Beijing has always welcomed investments in the mainland economy by companies from Taiwan. Such investments are encouraged by various preferences. And Foxconn, as the island’s leading company, has also received generous benefits in recent years. Taiwanese businessmen are now being reminded that they should not only take advantage of development opportunities, but also take on the social responsibility of promoting peaceful relations between the two sides.
Foxconn founder Terry Gou could play an important role in relations between Beijing and Taipei. believes Financial Times. In January, he intends to compete for the presidency of Taiwan. Gou stresses that despite decades of doing business in mainland China, he is not beholden to Beijing or following its orders. “If the Communist Party regime had said that if I disobeyed, Foxconn would be confiscated, I would have answered: “Yes, please!” Do it!” said Terry Gow. The businessman himself has not managed the company for four years; he remains only its shareholder.
The political context is intertwined with the economic one – China is now experiencing the worst tensions in history with America. In particular, Beijing has banned its civil servants from using Apple devices, and other citizens are also not recommended to buy Apple gadgets due to cybersecurity problems. This has seriously hit iPhone sales.
Reuters emphasizes that Terry Gow is running for office with the intention of overthrowing the island’s ruling Democratic Progressive Party. The billionaire accuses her of bringing Taiwan to the brink of war with China through its hostile policies. The businessman assures that only he, with his extensive business and personal contacts in China and the United States, can maintain peace. But Terry Gow, judging by the polls, does not enjoy the support of voters.
Everything is clear with us – Telegram channel “Kommersant FM”.
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