Foxconn Electronics (Hon Hai Precision Industry) has no plans to recruit standard workers in China, rumors have started circulating in the IT market that Foxconn is considering moving its investment focus from China to countries such as Brazil, Indonesia, Taiwan and the US.

Foxconn has declined to comment on the rumors, but some market watchers noted that China will still be an important investment target for the company in 2013, judging by the current market status.

Foxconn's recent investments worldwide should not be regarded as moves out of China since the investments simply show the maker's global market planning, the sources pointed out.

Although China's rising labor costs and strict policies for environmental protection will gradually impact Foxconn's profitability, compared to the US, Brazil and Indonesia, China currently still has advantages in terms of cost and infrastructure, the sources said.

By: DocMemory
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