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Reuters
Reuters
Business
By Eduardo Baptista

Companies in China distance themselves from Taiwan amid Pelosi backlash

FILE PHOTO: U.S. House of Representatives Speaker Nancy Pelosi gestures next to Legislative Yuan Vice President Tsai Chi-chang as she leaves the parliament in Taipei, Taiwan August 3, 2022. REUTERS/Ann Wang/File Photo

From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week's visit to the island by a high-profile U.S. official.

China claims self-ruled Taiwan as its territory, and the visit by U.S. House of Representatives Speaker Nancy Pelosi to Taipei last week - in defiance of Beijing's warnings - has sparked a wave of Chinese nationalism and huge military drills.

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