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China has warned Taiwanese firms against supporting the island’s independence, hours after state media said a Taiwanese conglomerate was fined by mainland regulators as tensions flare between Beijing and Democratic Progressive Party-led Taiwan authorities.
China said it will punish businesses and political donors with links to individuals supporting Taiwan independence after it fined Taiwanese conglomerate Far Eastern Group.
China fines a conglomerate in Chinese Taipei for business violation amid rising tensions between Beijing and Taipei, warning that companies supporting the island’s independence do not have a place in the world’s second largest economy.
Taiwanese firms operating in China are now facing heightened pressure from Beijing, with the communist regime warning them not to support the island’s