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China is struggling. Its debt load and fraud is catching up to it.
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The US gave China an exemption on the ZTE ban even when Foxconn announced in May 2018 it was going into the computer chip manufacturing business in China with Huwaei Technologies. Then in June, Trump bragged bringing the Foxconn factory to America was his doing.
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What’s up in China?
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Foxconn is known for its guarded worker dormitories for undocumented migrant workers. It got in trouble in China for them. After Foxconn's groundbreaking ceremony in June, the deportation started in July. Look at Foxconn's major backers, SOEs of Xi:https://www.scmp.com/business/companies/article/2148025/alibaba-tencent-baidu-hold-big-stakes-foxconn-unit-after-us43 …
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