Taipei wary of current trade and political tensions

- AFP

TAIPEI: Taiwan has asked state-owned banks to “appropriately handle” their exposure to China, Finance Minister Su Jain-rong says, amid the current trade and political tensions between Taipei and Beijing.

Taiwan’s financial regulator said last month that Taiwanese banks’ exposure to China had hit its lowest ever level, at a time when China has been pressuring the island militarily and diplomatically to accept Beijing’s sovereignty.