Wednesday, April 13, 2011

Clever Terry Gou

Clever Terry Gou really knows how to play both sides of the Taiwan Strait.  He can wring concessions out of Taiwan's government for his industrial park in Tucheng with one hand and with the other scratch the back of the PRC.  How else can one explain the recent announcement (link) that Foxconn will invest 12 billion US in Brazil just as Brazilian president, Dilma Rousseff, is visiting China?  Somebody had to help the PRC out by providing a little hard cash to go along with all the empty rhetoric about the many common interests of BRICs.  Like many investment announcements, this one is inflated and much more inflated than most.  Invest in Brazil, yes.  Invest in Brazil several multiples of what Foxconn's total declared investment in China, no way

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