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To: jeffjl who wrote (25425)7/13/1999 11:14:00 AM
From: Eric Yang  Read Replies (1) | Respond to of 213173
 
"The Taiwan-China situation seems like it could possibly throw a real monkeywrench into things. Instability in that region is not good for the market."

I grew up in Taiwan so I'm kind of used to these political posturing. This is has been going on for over 20 years. Taiwan has always been an independent state, country, whatever. It's just that few politicians dared to state this simple fact in public (international media) knowing that China will protest. Communist China has been maintaining that there is only one China.

What happened was that the current President implied in an interview with a German newspaper that there is only one China but Taiwan isn't part of it...hehehe. As if we didn't know that already. As expected China is having a cow. China will fire a few missiles in war games as it had done before, the Taiwanese stock market will take a dive, exchange rate for US Dollar will climb, but in a month or two everything will be back to normal.

What prompted President Lee to speak so candidly this time seems to be the upcoming presidential election and the joint missile defense program for the region that Taiwan is expected to participate along with Japan, Korea, and U.S. A lot of internal political in-fighting going on.

Eric