Foxconn Exit: CCP Misrule Crumbles China's Manufacturing Empire

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News18•05-12-2025, 16:30
Foxconn Exit: CCP Misrule Crumbles China's Manufacturing Empire
- •Foxconn's Henyang facility closure on Sept 30, 2025, signals a crisis in China's manufacturing sector, attributed to corruption, erratic governance, and declining investor confidence.
- •Once a major economic contributor, Foxconn is relocating operations to Vietnam and India, leading to significant economic decline in China's Henan province, including a 60% drop in mobile phone exports.
- •China's policy failures, arbitrary regulations, rising costs, and the US-China trade war are cited as core reasons for multinational firms like Foxconn exiting the country.
- •The exodus of firms has resulted in job displacement for Chinese workers and a rise in exploitative "black factories" due to weak regulation and corruption.
- •Vietnam and India are emerging as preferred manufacturing hubs due to their transparency and policy consistency, contrasting with China's tightening controls.
Why It Matters: Foxconn's exit signals China's industrial decline due to CCP misrule and policy failures.
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