Beijing will impose sanctions on two institutions from Taiwan, banning their financial cooperation with mainland Chinese companies and individuals, Ma Xiaoguang, a spokesman for China’s Taiwan Affairs Office, said on Tuesday.
These are the Taiwan Foundation for Democracy and the Taiwan International Cooperation and Development Fund, Ma said.
At the same time, the Ministry of Commerce of China announced that it is suspending the export of natural sand to Taiwan as of today, as it stated in its announcement yesterday.
The ban was activated after US House Speaker Nancy Pelosi arrived in Taiwan. This is the first visit by a high-ranking American official to Taiwan in 25 years.
Also starting today, China is suspending imports of citrus fruits and frozen fish from Taiwan, as announced by Chinese customs yesterday.
Source: Capital
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