Current location - Loan Platform Complete Network - Foreign exchange account opening - The consequences of Foxconn moving out of Longhua, Shenzhen
The consequences of Foxconn moving out of Longhua, Shenzhen
Employee unemployment and its impact on local tax revenue.

1. Foxconn Longhua Park has 400,000 employees. If they move out, most of them will face unemployment.

2. After Foxconn moves out of Longhua, Shenzhen, the local government departments will lose the financial income generated by Longhua in export foreign exchange, product tax and value-added tax.