Sooner or later: Taiwan pays the price of cross-strait tensions

Article Abstract:

China's recent threats and missile tests have hurt Taiwan's currency and stock markets, though so far the government has staved off the worst effects by spending as much as $20 billion. That cannot last indefinitely, so experts are anxious for China to lower the volume after the Mar 23 election. Already GDP growth for 1996 will be down 1%, to 6%, and the stock market has lost 16% since May 1995. Liquidity is likewise low, as depositors withdraw US dollars and invest abroad, though foreign investors in Taiwan seem sanguine.

Military operations, Military maneuvers

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Strait shooters: Taiwan's successes leave it vulnerable

Article Abstract:

Taiwan's best move amid rumbles from both China and the US may be to lie low and avoid further damage to its economy, the chief sign of its success, rather than pursue its deserved international recognition. China's harsh attitude apparently has several causes, with Lee Teng-hui's actions among them, but it does not seem to recognize Lee's value to the mainland. Given time, and resolutions to leadership crises in Beijing and Washington, Taiwan should find its relations improving again.

Editorial

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Ice across the Taiwan Strait

Article Abstract:

China is increasingly disillusioned with the government of Taiwan and cross-border ties between the two countries remain guarded. A major reason for the impasse is China's perception of Lee Teng-hui, who it regards as powerful and autocratic, while Taiwanese officials are regarded as insincere. It is reasonable to assume that China's relations with Taiwan will remain cool while Lee remains in power.

Legislative Bodies, Foreign Relations, Column

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