Taiwan to review issue of Chinese government subsidies: MAC

Focus Taiwan
Date: 2019/04/25
By: Miao Zong-han and Ko Lin

Taipei, April 25 (CNA) The government will look into the issue of subsidies from China

CNA file photo

and whether such developments are linked to Beijing’s ongoing efforts to influence Taiwan’s political scene, the Mainland Affairs Council (MAC) said Thursday.

Speaking at a press event, MAC deputy chief Chiu Chui-cheng (邱垂正) reiterated that the government is not against businesses operating in China receiving subsidies there but would be concerned if recipients included media in Taiwan.

Chiu’s statement came after Apple Daily reported Monday that a subsidiary of Taiwan-based Want Want Holdings Ltd., in China, Want Want China Holdings Ltd., has received up to 477 million Chinese yuan (US$71 million) in subsidies from the Chinese government between 2017-2018.

Want Want is a food company that was founded in 1962 in Taiwan by tycoon Tsai Eng-meng (蔡衍明). It expanded its business operations into China in the 1990s, setting up plants across the country.    [FULL  STORY]

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