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How to interpret China’s investigations into Foxconn?

The Chinese state-owned media Global Times reported recently, citing sources, that the Chinese tax authorities have conducted audits of Foxconn Group in Guangdong and Jiangsu, among other regions, while the natural resources department has initiated investigations into Foxconn’s land use in Henan and Hubei. From the perspective of the industrial supply chain, in the short term, this event is unlikely to have a direct impact on Foxconn’s business. However, for many foreign enterprises with operations in China, including Foxconn’s future plans, it could potentially have long-term and profound effects.