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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (47813)	3/6/2006 3:31:07 PM
From: regli	Respond to of 116555

I would never rest easy assuming that China will not be selling U.S. treasuries. There are a myriad of reasons why they suddenly might, this is just one of them. Taiwan to stage wargames amid high tensions with China - report forbes.com 03.06.2006, 01:48 AM TAIPEI (AFX) - Taiwan is to stage its largest ever military exercises in July, with more than 20,000 soldiers mobilized for the drill to be held in northeast Ilan county, the Apple Daily reported. A total of 50,000 personnel, however, will be involved in the exercises overall, the paper said. The report comes amid high tensions between Taipei and Beijing after Taiwanese President Chen Shui-bian's last week scrapped the advisory council on reunifying with the Chinese mainland, Agence France-Presse said. The drills are intended to 'assess the defense capabilities backed up by some newly acquired weaponry,' the Apple Daily quoted an unnamed defense ministry official as saying. Codenamed 'Hankuang 22 (Han Glory)', the wargames would begin in April with computer simulated events and climax with livefire drills in July, the paper said. On display will be Kidd class destroyers, F-16 jet fighters, AH-1W Super Cobra attack helicopters, and E-2C airbone early warning and command aircraft, it said. The defense ministry refused to confirm the timing or size of the drills, saying only that details of the wargames have yet to be finalized. Tensions spiked last week after Chen, defying pressure from Washington and Beijing, formally declared that the National Unification Council would cease to function and that the guidelines designed to seek eventual reunification with the mainland are no longer valid. The council was considered largely symbolic and had been dormant since 2000 but Chen's decision infuriated Beijing, which accused the Taiwan leader of pushing the region towards disaster. China itself carried out military exercises last week coinciding with the spike in tensions. Chen has defended his decision, saying it was prompted by Beijing's persistent military threat and its attempts to use non-peaceful means to unilaterally change the status quo in the Taiwan Strait.