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Hopes, Fears in $10 Billion Wisconsin Foxconn Deal

When Gonzalo Perez bought the Castlewood Restaurant last December, it was one of the few outposts among the nearby corn and soybean fields hungry farmers could depend as a place to dine out. It could become much more than that for Perez. “It’s my lottery ticket,” he told VOA. That’s because one of the largest economic development projects in the United States is moving in… right next door. Taiwanese company Foxconn plans to build a massive flat screen manufacturing and technology facility in nearby Mount Pleasant, employing thousands of workers…

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Hopes, Fears in $10 Billion Deal to Bring Taiwanese Manufacturer to Wisconsin

The $10 billion-dollar deal to bring a Taiwanese-based electronics manufacturer to Wisconsin is raising questions from critics despite the promise that the investment could provide tens of thousands of new American jobs and other long term benefits. The deal’s critics say Wisconsin taxpayers could lose money in what is the largest U.S. state tax incentive package ever offered to a foreign company. VOA’s Kane Farabaugh has more from Racine, Wisconsin. … Read the referenced story here: Hopes, Fears in $10 Billion Deal to Bring Taiwanese Manufacturer to Wisconsin

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Chinese Envoy to Head to North Korea, Hopes to Improve Ties

China was preparing Friday to dispatch its highest-level envoy to North Korea in two years in a bid to improve chilly relations, after President Donald Trump last week urged Beijing to use its influence to persuade Pyongyang to cease its nuclear weapons program.   Song Tao will report on the outcomes of China’s ruling Communist Party congress held last month and visit counterparts in his role as President Xi Jinping’s special envoy, according to Chinese state media. China has given no other details about his itinerary or said whether he’ll…

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