One of Taiwan¡¯s richest businessmen has pushed back against claims that he secretly backs the island¡¯s formal independence from China, breaking his silence for the first time since coming under fire from the Chinese Communist Party.

Douglas Hsu, chairman of the Taipei-based Far Eastern Group, said he opposes the notion that Taiwan is an independent country and is concerned about rising anti-China sentiment in Taiwan. In an opinion piece for the United Daily News Tuesday, he highlighted the importance of the Chinese economy to Taiwanese companies.

¡°With the political atmosphere as it is in Taiwan right now, public opinion leaves Taiwanese businesses feeling guilty when they invest in China,¡± he wrote. ¡°It doesn¡¯t need to be like this.¡±