China launches investigation into Foxconn ahead of Taiwan's presidential election
This is apparently due to the fact that Foxconn founder Terry Gou is running as an independent candidate
Chinese authorities have launched a tax investigation into Apple's main supplier Foxconn.
Source. Reuters writes about this with reference to two sources close to the Taiwanese tech giant.
In their opinion, the information was published by state media for political reasons – in January, Taiwan will hold presidential elections, in which the founder and former head of Foxconn Terry Gou is running as an independent candidate.
The Chinese government-controlled tabloid Global Times reported on Sunday that some of Foxconn's key subsidiaries in China have been subject to tax audits, and that the Chinese Ministry of Natural Resources has conducted an inspection of land use by Foxconn companies in Henan, Hubei and several other provinces.
Both sources said on condition of anonymity that in recent months, the Chinese authorities have inspected several companies, the names of which they did not disclose. However, according to them, only the Foxconn investigation has been made public for political reasons.
Background. As we wrote, according to Russian propagandists, Russia has signed a contract with China to supply 70 million tons of agricultural products by 2032. Read more about this in Mind's article "Big Chinese Grain: The mega-deal between China and Russia may turn out to be a sham. Or an attempt to "launder" the crops stolen from Ukraine".
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