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Trade war threatens Foxconn's new Chinese factory

Posted On: Aug. 19, 2019 6:59 AM CST


Taiwan-based Foxconn Technology Co. Ltd.'s new $9-billion factory in the Chinese city of Guangzhou faces risk of abandonment amid uncertainty related to the U.S.-China trade war, South China Morning Post reported. Peng Peng, vice-president of a non-governmental think tank, said that uncertainties related to the factory's construction could hamper development of the Hong Kong-Guangdong technology innovation corridor.

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