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Business

Foxconn to swim against protectionist tide, chairman says

Terry Gou plans to accelerate Taiwanese manufacturer's global expansion

TAIPEI -- Hon Hai Precision Industry will continue investing abroad and cultivating new markets despite rising protectionism worldwide, Chairman Terry Gou told shareholders in an annual report.

Foxconn Chairman Terry Gou

Even with leading economic powers increasingly looking after only their own interests and trying to rebuild trade barriers, the Taiwanese company must strengthen its global strategy, Gou explained in the report looking back at fiscal 2016 and laying out plans for this fiscal year.

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