SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (42783)3/11/2000 9:56:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Taiwan voters face Beijing war threat
by Damien McElroy in Hong Kong




China says U.S. to
blame for Taiwan
tension [Mar 11
'00] - Inside China
Today

China's military on
alert, warns
Taiwan
independence
means war [6 Mar
'00] - Inside China
Today


CHINA is threatening Taiwan with war if it chooses a
pro-independence candidate in this week's presidential election.

President Jiang Zemin last week led senior figures in Beijing in
saying that a declaration of Taiwanese independence after the
election would result in a fratricidal war between the Chinese
people. "It will be a case of brother fighting brother," he said.
The annual gathering of China's rubber-stamp parliament was
turned into a platform for top ranks of the Communist Party to
try to intimidate the 22 million voters on the island, which
Beijing claims is a renegade province. Generals Zhang Wannian
and Chi Haotian, repeatedly told delegates: "Taiwan
independence means war."

Gen Zhang singled out the leading candidate, Chen Shui-bian, as
a pro-independence troublemaker whose election would trigger a
Chinese invasion. The last polls of the campaign, showed the
race to be a tight, three-way battle between Mr Chen,
Vice-President Lien Chan and the independent James Soong.

Western military analysts doubt that the People's Liberation
Army has the capability to invade Taiwan, which would require
an operation similar in scale to the D-Day landings of 1944.
Taiwanese refer to a Chinese invasion as the "million man swim"
because the PLA lacks landing craft and logistical support
vessels to cross the 100-mile strait between them.

Beijing's bluster in advance of Saturday's vote is a milder form
of the interference it tried in the last presidential election. Four
years ago when President Lee Teng-hui was campaigning for
election, Beijing tried to ensure his defeat by test-firing missiles
across the Taiwan Strait.

There are fears, however, that Mr Chen's election could trigger a
crisis which would draw the United States into a confrontation
with the PLA. A poll for the TVBS network last week showed
him leading the field with 26 per cent support. Western analysts
suspect that Beijing could perceive America's presidential
election as an opportunity to catch Washington off guard,
without an adequate response to an international crisis.

Mr Chen, who says that Taiwan is already independent and
therefore does not need to make a formal declaration, rejects
Beijing's demands that Taipei adhere to a "one China"policy.
"What happens if Chen as president says that Taiwan is already
independent? The question we face is how the Chinese would
react to that after the election," said one Western diplomat in
Beijing. The Kuomintang party, which has ruled Taiwan since
the Chinese civil war, is relying on undecided voters turning
away from Mr Chen at the last minute to support Mr Lien as a
safe pair of hands who will not confront Beijing.

Taiwan will continue to reject Beijing's demands for negotiations
on reunification with the Chinese mainland whoever wins the
elections. Support for reunification is negligible in Taiwan. The
island has one of the most dynamic economies in Asia, with an
annual per capita income of œ7,800 - 20 times higher than in
China.

Beijing's promises of autonomy, along the lines of that
introduced in Hong Kong and Macau, are distrusted by the
Taiwanese who have witnessed constant political manipulation
by the Communist leadership in its former colonies. Chen
Chien-jen, Taiwan's foreign minister, said: "It's a precondition
that the people of China enjoy the rule of law, freedom,
democracy and a free market before reunification can take
place."

Even businessmen from the island, who are among the most
enthusiastic investors in China, are repelled by its oppressive
political system. While opportunities to make money are good
and many enjoy the wider aspects of Chinese life, most cannot
stomach its lack of freedom. "I come to Beijing to do business.
We talk business, sing karaoke, have some drinks, but I would
not want to live here. It's not the same. Taiwan is very different
now," said David Lin, an advertising executive.

The other big issue of the election is political corruption. Scandal
has crippled the campaign of the charismatic Mr Soong. An early
front-runner, Mr Soong suffered a severe blow when the
Kuomintang - widely acknowledged as the richest political
organisation in the world - alleged that he had stolen œ20 million
from party funds while serving as secretary general a decade
ago.

In the wake of the allegations, Mr Soong's support slumped from
one-third to one-quarter in the polls and has not recovered. The
role of secret slush funds in Taiwanese elections is often crucial.
The island's streets have taken on a carnival atmosphere in
advance of the vote as each of the main campaigns spends tens
of millions of pounds to ensure that their candidate prevails.

Cash plays a vital role because votes can be bought. Police last
week launched a crackdown on illegal gambling, which becomes
pervasive during the elections as the political parties use back
street bookies to procure votes. Millions of pounds are wagered
in the final days of the campaign as betting rings vie to offer the
best odds on candidates. The higher odds provide an incentive to
punters to vote for the contender who offers the best return.

telegraph.co.uk:80/et?ac=000387808654031&rtmo=Q0kemp3R&atmo=99999999&pg=/et/00/3/12/wtai12.html