china-and-taiwan-open-trade-links-amid-protests

China and Taiwan open trade links amid protests

China and Taiwan agree on a landmark trade deal to expand shipping lines, charter and cargo flights. Economists say liberalised capital flows could be next on the agenda.
During a five-day visit to Taipei by a top mainland Chinese delegation, China and Taiwan have signed a pact to open trade and transport links.

The trip has provoked clashes between riot police and protestors who accuse Taiwan's president Ma Ying-jeou of selling out by signing agreements with China's top Taiwan negotiator Chen Yunlin.

Meanwhile, supporters of the deal hope it will improve cross-strait ties and address an economic slowdown triggered by waning intra-Asia trade flows.

Cross-strait exchanges could spell significant changes for the banking landscape, say finance experts, who hope the agreement will eventually lead to a liberalisation of capital flows.

ôTo date, because of the lack of cross-strait banking services, foreign banks had...
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