{"id":138349,"date":"2021-09-10T10:25:08","date_gmt":"2021-09-10T10:25:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=138349"},"modified":"2021-09-10T10:25:08","modified_gmt":"2021-09-10T10:25:08","slug":"taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade\/","title":{"rendered":"Taiwan raps Fitch for calling it part of China in ratings upgrade"},"content":{"rendered":"

TAIPEI (Reuters) – Taiwan\u2019s government scolded Fitch Ratings on Friday for calling the island part of China for the first time, in an announcement on upgrading Taiwan\u2019s economic outlook, and said it was talking to the company about the issue.<\/p>

FILE PHOTO: The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS\/Reinhard Krause<\/figcaption>

China, which claims democratically-ruled Taiwan as its own territory, has pressured foreign companies to refer to the island as Chinese territory, often using the terminology \u201cTaiwan, China\u201d, which they generally do to avoid losing access to the enormous Chinese market.<\/p>\n

Fitch\u2019s press release used the expression \u201cTaiwan, China\u201d three times, including in the headline, though otherwise referred only to Taiwan without the addition of the word China in the rest of the statement.<\/p>\n

Taiwan\u2019s Finance Ministry expressed \u201cdeep regret\u201d at the name change despite asking Fitch to revert to its previous convention of just using the word \u201cTaiwan\u201d.<\/p>\n

\u201cThe ministry will continue to talk to the company to get them to acknowledge this problem,\u201d it added.<\/p>\n

A spokesperson for Fitch Ratings said: \u201cThe change to our naming convention for Taiwan was an operational decision\u201d.<\/p>\n

It did not elaborate.<\/p>\n

The statement was otherwise positive for Taiwan, with Fitch upgrading it to \u2018AA\u2019 from \u2018AA-\u2019 with a stable outlook, saying the economy had outperformed its peers during the coronavirus pandemic.<\/p>\n

China\u2019s claims over Taiwan are a frequent source of anger in Taiwan, whose people have shown no interest in being ruled by autocratic Beijing.<\/p>\n

The People\u2019s Republic of China has never ruled Taiwan, and its government has no say in how the island is governed.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TAIPEI (Reuters) – Taiwan\u2019s government scolded Fitch<\/p>\n","protected":false},"author":3,"featured_media":138348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nTaiwan raps Fitch for calling it part of China in ratings upgrade - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taiwan raps Fitch for calling it part of China in ratings upgrade - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TAIPEI (Reuters) – Taiwan\u2019s government scolded Fitch\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-10T10:25:08+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/Taiwan-raps-Fitch-for-calling-it-part-of-China-in-ratings-upgrade.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade\/\",\"url\":\"https:\/\/precoinnews.com\/business\/taiwan-raps-fitch-for-calling-it-part-of-china-in-ratings-upgrade\/\",\"name\":\"Taiwan raps Fitch for calling it part of China in ratings upgrade - 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