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Trade War: Foxconn Exiting China?



Foxconn Technology Group, the world’s largest electronics contract manufacturer, has denied speculation that it plans to withdraw from the Chinese mainland, where the Taiwanese company has more than 1 million employees, as the trade row between the US and China escalates.

“The rumours about Foxconn quitting mainland China are not true,” said the company, formally known as Hon Hai Precision Industry, in a post on its official WeChat account on Monday…

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