China Targets Apple Supplier Foxconn in Political Crackdown Ahead of Taiwan Election
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China has launched investigations into Foxconn, a major Apple supplier, over its land use, likely for political reasons ahead of Taiwan's presidential election.
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Foxconn founder Terry Gou is running for Taiwan's presidency, concerning Beijing as he could split opposition votes.
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Targeting Foxconn shows Beijing prioritizes politics over economic growth, as Foxconn is a huge employer and contributor to China's economy.
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China's crackdown on foreign businesses continues, spooking investors amid an economic downturn.
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Under Xi Jinping, China appears willing to sacrifice economic goals for political aims like technological advancement.