Foxconn’s exit marks a historic turning point. Once seen as a model for foreign investment that drove China’s manufacturing upgrade, the company was long used by the Chinese government as a showcase for attracting more foreign capital, promoting jobs, and reviving manufacturing. But when Foxconn decided to leave and shift most of its production to India and Vietnam, China’s self-proclaimed status as the “world’s manufacturing hub” began to crumble. A country’s appeal isn’t built on slogans or propaganda—it depends on a stable political system and a predictable business environment.
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