Taiwan Raps Fitch for Calling It Part of China in Ratings Upgrade

Taiwan Raps Fitch for Calling It Part of China in Ratings Upgrade
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, on March 3, 2016. Reinhard Krause/Reuters
Reuters
Updated:

Taipei—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.

The Chinese Communist Party (CCP), 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.