Chinese subsidies for Foxconn and Want Want spark outcry in Taiwan

Million dollar handouts are legal but raise questions over Beijing influence

20190429 Kinmen China

Taiwan's face-off with China: This island known as Shiyu, or Lion Islet, sits just off the coast of the Chinese mainland, but is part of Taiwanese-ruled Kinmen county.  © Reuters

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

TOKYO/TAIPEI -- Foxconn, the Taiwanese Apple supplier whose China-friendly founder is making a bid for the presidency, and media owner Want Want are among major companies from the island receiving hundreds of millions of dollars in subsidies from Beijing, raising questions about Chinese influence in the economy.

Uni-President China Holdings and Tingyi Holding, two leading beverage and instant noodle companies, have also received substantial grants, research by the Nikkei Asian Review shows.

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