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Chinese officials and media made it clear that his companies were penalized because of donations to Taiwan’s ruling party.

China is trying to exert political pressure on Taiwanese companies, Premier Su Tseng-chang (蘇貞昌) said yesterday, criticizing Beijing after it last week fined two Far Eastern Group firms over alleged breaches at factories in China. However, Far Eastern Group chairman Douglas Hsu (徐旭東) warned against what he said was a prevailing tendency in Taiwan to be critical of anything related to China. The Chinese leadership has put pressure on Taiwan and tried to use its economic strength to wield political power, Su told reporters before a sports technology meeting in Taipei when asked about...

The government’s Invest in Taiwan initiative would be extended due to demand from Taiwanese businesses and an anticipated wave of reshoring amid an increasing threat of political pressure facing Taiwanese firms in China, Minister of Economic Affairs Wang Mei-hua (王美花) confirmed yesterday. “There are still many projects awaiting approval in the pipeline and we are getting feedback from the business community that they would like the project to be extended,” Wang said. The initiative offers businesses returning to Taiwan or seeking to upgrade their manufacturing facilities favorable...

China recent move of penalising Taiwan Far Eastern Group mainland units for supporting Taiwan leadership is now threatening thousands of Taiwanese compa

China recent move of penalising Taiwan Far Eastern Group mainland units for supporting Taiwan leadership is now threatening thousands of Taiwanese compa