Tycoon Targeted by China Speaks Out Against Taiwan Independence

Douglas Hsu in 2018.Photographer: Wei Leng Tay/Bloomberg
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One of Taiwan’s richest businessmen has pushed back against claims he secretly backs the island’s formal independence from China, breaking his silence for the first time since coming under fire from the Chinese Communist Party.

Douglas Hsu, chairman of Taipei-based Far Eastern Group, said he opposes the notion that Taiwan is an independent country and is concerned about rising anti-China sentiment in Taiwan. In an opinion piece in the United Daily News Tuesday, he highlighted the importance of the Chinese economy to Taiwanese companies.