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Politics

China warms to Taiwan company that donated to Tsai after apology

$74m fines for Far Eastern raised fears of wider crackdowns

Taiwanese President Tsai Ing-wen speaks at a hospital in April. Tensions in the Taiwan Strait have risen in recent months.   © Reuters

TAIPEI -- A news outlet tied to Chinese state broadcaster CCTV praised a key corporate donor to Taiwanese President Tsai Ing-wen's party on Wednesday, after its chairman expressed opposition to the island's independence following hefty fines imposed by the mainland.

Far Eastern Group is known for a pro-Beijing stance, and it engages in a range of businesses across the mainland. But Chinese authorities last week slapped the Taiwanese company with fines and taxes totaling 474 million yuan ($74.4 million).

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