Fines on Taiwan’s Far Eastern Group fan fears of more retaliation by Beijing over political donations

Source: China – South China Morning PostTaiwanese 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.The group has been a big…Read More

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