China investigates iPhone-maker Foxconn
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 23 October 2023
⏱️ 8 minutes
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Summary
From the BBC World Service… China has launched an investigation into Taiwan-based iPhone-maker Foxconn. Officials are conducting tax inspections into the company which is the biggest maker of iPhones for US tech giant Apple and is one of the largest employers in the world. There was no clear winner in Argentina’s presidential election, with Javier Milei and Sergio Massa heading for a run-off vote. Earlier this month, the arctic town of Kirkenes in North Norway near the Russian border banned Russian-registered cars – the last of the European countries sharing the land border with Russia, to do so; we look at the effect on the local economy.
Transcript
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| 0:00.0 | Mixing business and politics China's FoxCon probe stirs election tensions. |
| 0:06.5 | Hello and you're listening to the marketplace morning report live from the BBC World Service |
| 0:10.8 | on the Anna Byrne. A very good morning. |
| 0:13.9 | China has started a probe into Apple's major supplier FoxCon by conducting tax inspections |
| 0:19.2 | at its operations in two Chinese provinces. The move comes as tensions are rising around the up-and-coming |
| 0:25.0 | Taiwan presidential election where FoxCon's founder Terry Go is running as an independent |
| 0:30.8 | candidate. There are concerns about potential political motives |
| 0:34.4 | behind the investigation and its repercussions on the global tech supply chain. |
| 0:39.1 | Kerry Allen is the BBC's China media analyst. Hi Kerry. |
| 0:42.4 | Hi, so Global Times reporting this this morning. What are other reports saying |
| 0:47.2 | about this story? |
| 0:48.2 | Well I think what's important to know is that this isn't getting a lot of attention in mainstream media in mainland China and |
| 0:56.6 | I get the sense that China doesn't want to get people within the mainland concerned about Foxcom because it is China's largest |
| 1:05.3 | private sector employer. |
| 1:07.1 | It has more than a million employees nationwide. |
| 1:10.6 | Instead the sense I get is that in global times and other outlets as well that are covering this, |
| 1:16.2 | they're saying that these are normal activities, an investigation is normal, it's reasonable, |
| 1:22.1 | it's legal, they don't want to attract attention |
| 1:25.6 | to this being potentially problematic with regards to the company. What they are saying though is that |
| 1:30.7 | they think that this investigation could impact the |
| 1:34.0 | elections and the sense that I'm getting is that media, finance media feel that |
| 1:40.1 | this is a cynical move possibly by Beijing to to get people who might want to |
... |
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