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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: John Hunt who wrote (40030)	9/5/1999 3:22:00 PM
From: Alex	of 116814

China reportedly planning large military exercise Copyright ¸ 1999 Nando Media Copyright ¸ 1999 Associated Press From Time to Time: Nando's in-depth look at the 20th century HONG KONG (September 5, 1999 8:31 a.m. EDT nandotimes.com) - Continuing to flex its military muscle, China's army is planning large-scale exercises on the coast across from Taiwan, a Beijing-backed newspaper reported Sunday. The drills will be a closer simulation of war than those performed in 1996, when heightened tensions with Taiwan last prompted China to conduct large-scale exercises and missile tests, Chinese-language daily Wen Wei Po reported, quoting an unidentified military expert. The report detailed China's latest military maneuvers aimed at forcing Taiwan President Lee Teng-hui to retract his assertion that China and Taiwan should have "state-to-state" relations. Lee's comments on July 9 infuriated Beijing, which considers Taiwan a breakaway province that must eventually be reunited with the mainland, by force if necessary. Navy, air force and ground troops will take part in the exercises that will focus on beach landings in the southeastern coastal provinces of Zhejiang and Guangdong, the newspaper reported.

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