Taiwanese businesses harmed in China form alliance, urge Xi to set up special task force
Taiwanese companies that invested in China say they are being squeezed by corrupt officials and unfair courts, with no way to get help — bad news for anyone still doing business across the strait.
- Taiwanese business owners who lost money in China have formed a new joint association to press their cases together.
- They want Xi Jinping to order China's top court to create a dedicated unit for handling Taiwan-related business disputes.
- Before 2016, Beijing and Taipei reviewed these cases together every three months; that channel died when relations froze.
- Foreign companies in China can lean on their embassies, but Taiwanese firms have no one, which the group says lets local officials push them around.
- The group puts most of the abuse down to corrupt local power brokers and wants Xi's anti-corruption drive aimed at these cases.
Outlook: With cross-strait talks still frozen, the appeal is unlikely to get a response soon, and more Taiwanese firms will probably think twice about investing in China.