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Consumer electronics magnate Terry Gou is stepping closer to running for president of Taiwan.
Gou excluded himself Monday as the opposition Nationalist Party’s candidate for vice president. Gou is chairman of Foxconn, the world’s largest contract assembler of electronic consumer goods such as Apple’s iPhones.
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Gou would bring a strongly pro-business and China-friendly platform to what is expected to be a crowded field for next year’s election.
The Foxconn Technology chairman, who ranks among Taiwan’s richest people with a fortune estimated by Forbes at $7.8 billion, says the Nationalists should seek their candidate through debates.
Incumbent President Tsai Ing-wen has been hampered by low public approval ratings and a diplomatic embargo imposed by China, which claims the island as its own territory.