China sanctions US firm for hosting Taiwan President Tsai during stopover

China on Friday slapped sanctions on two American organisations that hosted Taiwan's President Tsai Ing-wen during her visit to the US and her meeting with the House Speaker, a day after President Xi Jinping said it is "wishful thinking" to expect Beijing to "compromise" on its stand on the self-ruled island.

Tsai's meeting with US House Speaker Kevin McCarthy - the third most senior official in the US - on Thursday took place against the backdrop of repeated warnings from Beijing to Washington that the meeting should not happen. It was the first time a Taiwan president had met a US Speaker on American soil.

China views any official exchanges between foreign governments and Taiwan as an infringement on Beijing's claims of sovereignty over the island.

China's Ministry of Foreign Affairs announced that the Washington-based think tank Hudson Institute and the Ronald Reagan Presidential Library in California would be banned from any cooperation, exchange or transaction with institutions