Foxconn Chief Running for President of Taiwan Disappears from Campaign Trail After China Probe

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Foxconn Chief Running for President of Taiwan Disappears from Campaign Trail After China Probe
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a third-party bid for the Taiwanese presidency in August, but he vanished from the campaign trail this week, three months before the election.

“If the Chinese Communist party regime were to say ‘If you don’t listen to me, I’ll confiscate your assets from Foxconn,’ I would say ‘Yes, please, do it!’” he boasted in August, seeking to allay concerns that China could control a President Gou by threatening his financial and corporate interests. “During an election, China does not need to put pressure on Taiwanese companies, demanding they declare a position, or even that they directly support a candidate they prefer,” Lai said, asEchoing Gou’s comments in August, Lai warned China that it risked scaring away Taiwanese and other foreign investment by persecuting Foxconn, a tech giant and major supplier to Apple.

In recent months, central government authorities have warned local and provincial governments facing budget shortfalls not to use arbitrary fines to raise money. Beijing is trying hard to woo foreign investment to strengthen economic growth and maintain China’s leading role in global supply chains.

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