I saw one of his press conference about this matter. Basically he said that other than labor cost, China is very expensive to be in manufacturing because of a lot of the taxes are capacity and investment based instead of profit based. Also RMB / Yuan is not a freely exchanged currency, so all the money you made can be confiscated overnight if you rub the wrong elbows with the wrong politicians (a necessity when doing business in China).
The rumor on the street says he is trying to legally move money out of China by investing oversea.
The rumor on the street says he is trying to legally move money out of China by investing oversea.