Foxconn's planned IPO reflects vitality of China's real economy

THE CHINA SECURITIES REGULATORY COMMISSION disclosed the prospectus of Foxconn Industrial Internet Company, a subsidiary of the Foxconn Technology Group, the world's largest contract electronics manufacturer, on its official website on Friday. Beijing News comments:

That means the company, one of the largest employers and taxpayers in China, has taken a concrete step forward to applying for an initial public offering in one of the largest capital markets in the world. Insiders are optimistic about it being listed on the Shanghai Stock Exchange in the foreseeable future.

This is an encouraging message for the real economy in China, the manufacturing industry in particular.