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...Yeltsin and China's President Jiang Zemin, along with the Presidents of Kazakhstan, Kyrgyzstan and Tajikistan, have promised that their troops along the 2,600-mile border will not attack or target military exercises at each other. "This is an historic agreement for both sides," Beijing bureau chief Jaime FlorCruz says. "China is trying to build a predictable and peaceful relationship along all of its borders. Beijing wants to assure a peaceful environment so it can focus on economic modernization. For Yeltsin, it is important to have peace in the east while he deals with NATO expansion on his western...

Author: /time Magazine | Title: Russia, China Sign Historic Deal | 4/26/1996 | See Source »

...human rights and trade, China's Premier Li Peng has been courting potential allies. This week's candidate: Russian President Boris Yeltsin, in China Wednesday. "For Beijing, this is a way to play the Russia card in light of China's problems with the U.S.," Beijing bureau chief Jaime FlorCruz says. "As Li Peng played the French card by giving lucrative airplane deals a couple of weeks ago, China is dangling trade and other possible relations with Russia as a way of telling Washington that it is not the only game in town." For Russia, the meeting is part...

Author: /time Magazine | Title: The Russia Card | 4/25/1996 | See Source »

...threats. "We will seek further development in our mainland relations. We will do it well." Lee can negotiate from a position of power now that he has the mandate of the electorate. "Local analysts have expected Lee to take the initiative to break the impasse," TIME correspondent Jamie A. FlorCruz reports from Beijing. "The first step will probably be to open direct sea links, which is a win-win situation for both sides."Sino-U.S. Relations Ride Rocky Road

Author: /time Magazine | Title: Taiwan to Ease China Trade Ban | 3/25/1996 | See Source »

...election on March 23. The new exercises would straddle the election in which pro-independence President Lee Teng-hui is expected to win another term. "China is hoping to derail Lee Teng-hui's election, but they are practical enough to realize it is unrealistic," TIME's Jamie A. FlorCruz says. "Beijing is resigned to another four-year term of Lee. The ongoing military maneuvers tell Lee to take a softer stand or he'll find it hard to govern." For his part, Lee told an enthusiastic crowd of 1,500 farmers outside Taipei that he and running-mate Lien...

Author: /time Magazine | Title: China Announces More Tests | 3/15/1996 | See Source »

...Despite a government-led $7.4 billion effort to help stabilize the markets, economic growth projections for 1996 have been downgraded from 6.52 percent to 6.36 percent. "If this drags on, Taiwan will lose its competitive edge of market stability, and in a way that is Beijing's ultimate message," FlorCruz says. "China doesn't have to invade Taiwan to disrupt its peaceful environment. Investors will be jitterish. Markets will be wobbly. No economy can absorb such a protracted beating." Taiwan had been hit by economic problems before the crisis with China began last summer. The highly speculative real estate market...

Author: /time Magazine | Title: The Economic Fallout | 3/15/1996 | See Source »

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