China warns firms on backing Taiwan independence
China said it would punish businesses and political donors with links to individuals supporting Taiwanese independence after it fined Taiwanese conglomerate Far Eastern Group (遠東集團). “Businesses and financial sponsors associated with supporters of Taiwan independence will be penalized according to law,” Taiwan Affairs Office spokeswoman Zhu Fenglian (朱鳳蓮) told reporters on Monday, according to a statement from her agency. Zhu said that backers of independence undermine cross-strait relations and risk instability in the region. Zhu made the remark as she responded to a questi...