This is very good information, but the wrong narrative. This was not some 'fake deal' by a Chinese firm to get subsidies, it looks like they probably barely broke even on this one - if that - and no company wants to have big ugly stain failures like this. It looks like Foxconn just bit off more than they could chew, maybe saw an opportunity, but then realized they couldn't make use of the plant. They knew what the th…
Agreed that Foxconn doesn't sound malicious here. But it does seem like more than typical bumbling. In particular, I can't see how this management structure is supposed to work - competing subdivisions is fine, and having divisions just do what the CEO says seems like it could work, but combining them is wild.
The journo tried to paint this as some kind of 'big fraud by FoxConn' but that's clearly not it, a big part of the story was missed.
Often, sometimes corporations just make mistakes and have units that are poorly managed, we just usually don't get to witness their failures publicly.