• World Economy

    Taiwan Alarmed

    Taiwan’s government expressed alarm Monday at China’s free trade agreement with South Korea, the island’s strong trade competitor, and urged the opposition to stop boycotting a planned services pact with Beijing. Taiwan’s government spokesman Sun Lih-chyun described the news as a “most worrying event” for the island. It expects to sign by year-end the pact that will eventually remove tariffs on over 90% of goods.