China Rattles Foreign Firms Again With Arrests, Foxconn Probe

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China Rattles Foreign Firms Again With Arrests, Foxconn Probe
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(Bloomberg) -- Chinese authorities are again shaking the confidence of foreign companies in the country with a series of arrests and an investigation into...

-- Chinese authorities are again shaking the confidence of foreign companies in the country with a series of arrests and an investigation into Foxconn Technology Group, Apple Inc.’s most important partner and one of the largest employers in China.Moderna Shaves Off $7 Billion in Value After Pfizer Warning

China often does not explain the actions taken by its regulators publicly, leaving companies with operations in the country guessing at the ultimate goals of the government. Given the Communist Party’s immense power, that opaque approach to oversight of the economy has unsettled foreign executives. The Japanese trading company worker was detained in March and there is still no public acknowledgment of or clarity about the specific charges.

“The part of the leadership dealing with the economy and attracting foreign capital is not in the driving seat,” said Garcia Herrero. “So they can only watch and hope to minimize the damage by announcing opening of certain sectors.” “I will not bow to China’s threats,” Gou said at the August briefing announcing his presidential bid. Name-checking key customers including Apple, Tesla and Amazon.com Inc., he said any halt to production due to political pressure would disrupt supply chains — something China would need to explain to the world.

The following month, Chinese state security officials visited a branch of Capvision, a consulting firm with headquarters in New York and Shanghai.The Ozempic Effect Is Coming for Everything From Kidney to Heart Disease TreatmentsBillionaire Trump donor Anthony Pratt was caught telling the sleazy story in secret recordings obtained by "60 Minutes Australia.""I hadn't even heard it.

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