ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Chinese subsidies for Foxconn and Want Want spark outcry in Taiwan

Million dollar handouts are legal but raise questions over Beijing influence

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

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more