Apple’s factory, Foxconn, rushes to move production out of China. 320K employees laid off

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Here is the largest Foxconn factory invested in by Guo Taiming in Guizhou. At its peak, it employed up to tens of thousands of workers and realized a total output of 100 billion yuan in 2018. It brought the greatest economic benefits to Guizhou. People once had high hopes in it but now the site is in a state of depression. The gates are closed. It’s really saddening to see. Then the question comes, why does Foxconn insist on moving out of China?

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