China says companies that support Taiwan independence and make money on the mainland will be punished


Source: businessinsider.in businessinsider.in

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A Taiwan flag. Alberto Buzzola/Getty Images China's Taiwan Affairs Office said companies and individuals supporting the island's independence will be punished. China on Monday fined two subsidiaries of a Taiwan conglomerate over a wide range of violations. Hours after it fined major conglomerate Far Eastern Group for a range of violations, China said it will punish enterprises and individuals who support Taiwan independence. "We welcome Taiwan-based enterprises to invest and develop in the mainland and will continue to protect their legitimate rights and interests in accordance with the law," said Zhu Fenglian, the spokesperson for the Taiwan Affairs Office, according...