Taiwan says won't let China firms 'pull a fast one' to get into market

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TAIPEI (REUTERS) - Taiwan will not allow Chinese companies to 'pull a fast one' by using indirect methods to bypass rules and regulations to operate in the island's market, Premier Su Tseng-chang said on Tuesday (Aug 25).. Read more at straitstimes.com.

TAIPEI - Taiwan will not allow Chinese companies to"pull a fast one" by using indirect methods to bypass rules and regulations to operate in the island's market, Premier Su Tseng-chang said on Tuesday .

Taiwan plans to stop local sales of Chinese Internet television streaming services, and this week gave e-commerce site Taobao Taiwan six months to re-register as Chinese-backed rather than foreign or leave the island. Taiwan will"not allow Chinese investment to pull a fast one, making turns at every point, like the government has no control and can't control it", Mr Su said.Taobao Taiwan has complained it is a totally different company from Taobao China, which is owned by China's Alibaba Group Holding Ltd, and does not fall under the Alibaba group.

 

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