Taiwan Vice President Lai Ching-te criticized China’s investigation of Foxconn, a major Apple supplier, and urged Beijing to value Taiwanese companies and avoid pressuring them during an election. Lai’s comments came in response to reports that Foxconn is facing a tax probe in China, which some believe is politically motivated due to the upcoming Taiwanese elections. The Global Times, a state-backed Chinese publication, suggested that Foxconn’s founder Terry Gou’s presidential candidacy could split the opposition vote and benefit Lai. China considers Taiwan its own territory and opposes Lai, whom they view as a separatist. Lai emphasized the importance of Chinese appreciation for Taiwanese companies and warned that pressuring them could lead to a loss of confidence and a shift in production to other countries. Foxconn has been diversifying its manufacturing base outside of China, potentially contributing to the pressure from Beijing. Gou has not commented on the probe, and his campaign team referred questions to Foxconn. The company stated its commitment to legal compliance and cooperation with relevant units. Foxconn’s shares have declined, and Taiwan frequently accuses China of attempting to influence its elections. Lai called for China to respect Taiwan’s democratic system and move towards respectful dialogue. He reiterated his commitment to maintaining the status quo across the Taiwan Strait and avoiding pushing for formal independence.
Have a tip we should know? email@example.com