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Taiwan raps Fitch for calling it part of China in ratings upgrade

TAIPEI (Reuters) - Taiwan's government scolded Fitch Ratings on Friday for calling the island part of China for the first time, in an announcement on upgrading Taiwan's economic...
Taiwan raps Fitch for calling it part of China in ratings upgrade © Reuters. 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

TAIPEI (Reuters) - Taiwan's government scolded Fitch Ratings on Friday for calling the island part of China for the first time, in an announcement on upgrading Taiwan's economic outlook, and said it was talking to the company about the issue.

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 "Taiwan, China", which they generally do to avoid losing access to the enormous Chinese market.

Fitch's press release used the expression "Taiwan, China" 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.

Taiwan's Finance Ministry expressed "deep regret" at the name change despite asking Fitch to revert to its previous convention of just using the word "Taiwan".

"The ministry will continue to talk to the company to get them to acknowledge this problem," it added.

A spokesperson for Fitch Ratings said: "The change to our naming convention for Taiwan was an operational decision".

It did not elaborate.

The statement was otherwise positive for Taiwan, with Fitch upgrading it to 'AA' from 'AA-' with a stable outlook, saying the economy had outperformed its peers during the coronavirus pandemic.

China's claims over Taiwan are a frequent source of anger in Taiwan, whose people have shown no interest in being ruled by autocratic Beijing.

The People's Republic of China has never ruled Taiwan, and its government has no say in how the island is governed.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

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AUD/USD

0.6469

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USD/CAD

1.3780

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EUR/JPY

168.32

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0.9808

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Adidas AG

226.40

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6.714

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
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Cập nhật lúc 10:45:15 01/05/2024
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