FX Guys

China imposes sanctions on Taiwan’s US envoy, US institutions

The sanctions announced by China’s Taiwan Affairs Office also ban investors and firms related to Hsiao from cooperating with mainland organisations and individuals.

They come after Taiwanese President Tsai Ing-wen’s meeting with U.S. House Speaker Kevin McCarthy during a stopover in the United States this week.

“Wow, the PRC (People’s Republic of China) just sanctioned me again, for the second time,” Hsiao tweeted in response to the announcement.

China’s Foreign Ministry also announced steps against the United States’ Hudson Institute and Reagan Library and their heads, saying both institutions provided a platform and facilities for what it called Tsai’s separatist activities.

Taiwan’s Foreign Ministry reacted angrily, saying China had no right to “butt in” when it came to Tsai’s overseas trips and that Beijing was “deceiving itself” if it thought the sanctions would have any effect.

“It not only deepens our people’s…
Read More