Taiwanese companies based in China could be forced to move if they feel unfairly pressured, according to the vice president of Taiwan. This warning comes after Chinese authorities launched an investigation into Foxconn, a company that produces electronics and is a key supplier for Apple. The investigation is related to taxes and land in several Chinese provinces, but no specific details have been provided. Foxconn has stated that it will cooperate with the authorities. The timing of this probe is significant as Taiwan is preparing for presidential elections. The vice president, who is also the frontrunner in the election, has expressed concern that Taiwanese businesses might relocate their operations to other countries if they feel pressured. He urged China to value Taiwanese businesses and not to pressure them during elections. Foxconn, also known as Hon Hai Precision Industry, is China’s largest private-sector employer. Its founder is currently running as an independent candidate in the upcoming elections. Another candidate commented that the Foxconn probe reflects the difficult situation Taiwan faces due to deteriorating relations with China. Since President Tsai Ing-wen took office, China has cut communication and increased pressure on Taiwan.
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