Foxconn to build tech park - creating 70'000 new jobs

Construction on the planned industry park – which will be located in Nanning, Guangxi province – will begin during this year, but wont be operational until 2020. The park is expected to create about 70'000 jobs, according to a Reuters reports citing a Chinese local government website. No specific figure was given, but the venture was described as a 100 billion yuan investment (which would but it in the USD 15.34 billion class), the report continues.