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Trade war

Foxconn boss 'not afraid' of shutting down factories in China

Presidential hopeful won't meet Chinese leader until Beijing acknowledges Taiwan's existence

Foxconn Chairman Terry Gou, speaks to the press on May 6 after his trip to the U.S. (Photo by Cheng Ting-fang)

TAIPEI -- Chairman of major Apple supplier, Foxconn Technology Group, Terry Gou on May 6 said he would shut down factories in China and move them elsewhere if Beijing threatens his company’s manufacturing facilities there if he is elected Taiwanese president.   

“If Beijing later threatens to close down my factories after I become Taiwanese president, and says I can't talk to them as a peer in a respectful way … I will tell them to just give me a couple of months and I will move my production sites to more competitive places in the world,” said Gou at a press conference in Taipei. Gou announced plans mid-April to run as a candidate for Kuomintang, the opposition party, in presidential elections next year.  

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