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International media outlets cover Taiwan’s Sunday rally
Taiwan News, Staff Writer
2014-03-30 08:47 PM

A number of international news channels covered Sunday’s protests against the service-trade pact with China, including Bloomberg, the Wall Street Journal, and BBC News.

The Wall Street Journal quoted the opponents who expressed concern that the deal “will favor conglomerates and leave small to medium enterprises in Taiwan struggling to compete.” On the other hand, the report also mentioned another group of people in Taipei were urging the protesters to retreat from the legislative building and let lawmakers go back to work, brining out another voice that says the trade pact will likely outweigh the risks and give Taiwan’s sluggish economy a boost it needs.

The Wall Street Journal also cited a study by Taiwanese government think tank Chung-Hua Institution for Economic Research saying that the agreement could add 12,000 jobs to Taiwan’s services sector, with the biggest beneficiaries being retail and storage sectors, adding around 0.025-0.034 percentage point to Taiwan’s gross domestic product.

Bloomberg’s coverage on the Taipei protests came out in the late afternoon, estimating over 100,000 people joining the anti-service trade pact rally and saying it was challenging President Ma Ying-jeou’s plan to improve economic relations between the political rivals.

BBC’s story gave a similar estimation of the size of Sunday protest in Taipei, covering the views of opponents and supporters of the controversial trade agreement in service with China from students and some business groups.

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