News to trade on October 17
What trade signals the market is giving today? Brexit summit, FOMC meeting minutes and more!
Foxconn is visited by Chinese Premier Li Keqiang after CEO goes to White House
China happens to be the best place to expand investment and manufacturing, the country's premier informed Foxconn, the world's number one contract electronics maker, just less than two weeks after Terry Gou, its chief executive came to the White House to talk about increasing investment in the USA.
Li Keqiang added the Chinese authorities are going to keep expanding our development, and optimizing the business environment. China boasts a huge market and myriads of talent, and turns to be the best investment place to expanding manufacturing. That’s what Li Keqiang disclosed on the State Council's official website.
The images pictured Li escorted by Gou around the facilities. According to the State Council statement Li encouraged Gou to keep injecting money in the country’s high-end research and development.
Notwithstanding the recent rapprochement between China President Xi Jinping and Donald Trump as for North Korea issues, China still appears to be a strong competitor to the US under Trump's "America first" agenda.
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