Companies distancing from Taiwan

Chinese social media users have targeted companies, celebrities they see as 'unpatriotic'

BEIJING:

From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week’s visit to the island by a high-profile US official.

China claims self-ruled Taiwan as its territory, and the visit by US House of Representatives Speaker Nancy Pelosi to Taipei last week - in defiance of Beijing’s warnings - has sparked a wave of Chinese nationalism and huge military drills.

Chinese social media users have targeted companies and celebrities they see as unpatriotic or supportive of Taiwan’s independence with strong criticism - such as candy brand Snickers, whose owner apologised last week for a product launch that was seen as suggesting Taiwan is a country.

On Saturday, Foshan Haitian Flavoring and Food Co Ltd, China’s largest soy sauce maker by sales, issued a lengthy apology, saying it had fired an unidentified employee who attracted social media attention with a private post that celebrated Pelosi’s visit. 

Published in The Express Tribune, August 9^th, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.