Yang Shih-wei admits he is an unlikely opponent of a trade deal with China. A 27-year-old Taiwanese banker who spent a year working at a trading company in the southern Chinese city of Guangzhou, he has seen firsthand how quickly Taiwan’s giant neighbor is growing. And he says that if Taiwan wants to compete economically, it cannot shun China.
“I’ve been to China and have seen how fast they’re expanding,” he said. “I think in order for Taiwan to catch up, of course we have to cooperate with them.”
Yet China is not any other country. It has long claimed Taiwan as a part of its territory, and that has made many Taiwanese suspicious of efforts to quickly approve a service trade pact, which would open up dozens of industries to cross-straits investment. Resistance to the deal in Taiwan signals that China’s strategy of wooing the island through strengthening economic ties may be reaching its limits.
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