Foxconn chief said to assuage China about US investment plans

Beijing

FOXCONN Technology Group chairman Terry Gou has moved to reassure China's government that the Apple Inc assembler remains committed to the country even as it expands US operations when President-elect Donald Trump takes office, people familiar with the matter said.

A high-ranking Chinese official recently expressed Beijing's concerns to Mr Gou, the people said, asking not to be identified because the conversation was private. In response, the Taiwanese billionaire told the senior bureaucrat he won't withdraw capital from China. The US investment plan hasn't been finalised and is dependent on the policies of the incoming administration, Mr Gou said, according to the people.