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
  • 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.



  • Published Nov 24, 2021 2:28 AM GMT