Taiwan ’s government scolded Fitch Ratings on Friday after it called the island a part of China for the first time, in an announcement on upgrading Taiwan’s economic outlook. Taipei said it was talking to the company about the issue. Beijing claims self-ruled Taiwan as its own territory, a breakaway province to be reunited by force if necessary. It 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 mainland Chinese market. Fitch’s press release used the expression “Taiwan, China” three times, including in the headline, though the statement did make other references to Taiwan without the addition of the word China. Taiwan’s finance ministry expressed “deep regret” at the name change and asked 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”, but did not elaborate. Chinese star cuts ties with Audemars Piguet over Taiwan status 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. Fitch is not the only ratings agency to refer to Taiwan in this way. Moody’s also uses the formulation “Government of Taiwan, China” in some of its communications. China’s claims over Taiwan are a frequent source of anger in the democratically run island, whose people have shown no interest in being ruled by autocratic Beijing. In May 2020, Fitch Bohua Credit Ratings Ltd, a wholly owned subsidiary of Fitch Ratings, was granted approval by Beijing regulators to operate in China’s US$13 trillion onshore bond market, including providing bond ratings.