Fines on Taiwan’s Far Eastern Group fan fears of more retaliation by Beijing over political donations
Published
Nov 24 2021 at 2:28 AM GMT
Key
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- Taiwanese businesspeople have raised concerns about possible retaliation on the mainland after authorities in Beijing fined a business donor to the island’s political parties over a range of regulatory breaches.
- State news agency Xinhua reported on Monday that mainland textile and cement subsidiaries of Taiwan’s Far Eastern Group were fined more than 88.6 million yuan (US$13.
- 87 million) for a series of violations, including breaches of environmental protection rules.
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- Published Nov 24, 2021 2:28 AM GMT