Word: mainland
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Dates: during 1970-1979
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...budget. Although China's international credit rating is excellent, the country has never dealt in the lofty sums now being discussed. The Chinese hope to finance their modernizations through development of oil exports, through joint ventures in which they pay off their debts in goods manufactured in foreign-built mainland factories, and through their immense human resources: manpower and discipline. One shadow over the New Long March, however, is doubt that the primitive Chinese economy can rouse itself to meet the price. One freewheeling guess is that the Four Modernizations could cost $800 billion by 1985 The Chinese consumer market...
...vacant seats in both the National Assembly and Legislative Council scheduled for December 23. Up to that point, the campaign had been the most open in the island's history, with opposition candidates freely criticizing the Nationalist Party (Kuomintang) government. With unwitting prescience, one independent office seeker, mainland-born Chen Ku-ying, had planned to cap his campaign by erecting a billboard in Taipei that contained the simple inscription: WHERE ARE WE GOING...
Taiwan's present dilemma really began in 1949, when Chiang Kai-shek and his central government in exile moved to Taipei. After Peking entered the Korean War in 1950, President Truman helped secure the island from Communist conquest by interposing the U.S. Seventh Fleet between Taiwan and the mainland-an act incidentally that also prevented the Nationalists from trying to reconquer China. American support, both military and economic, eventually encouraged the Kuomintang to enact many of the reforms it had failed to carry out while in power on the mainland. Today, Taiwan is one of the best...
...whether the U.S. could have held out for a clearer promise about Taiwan's security. As it was, the Chinese agreed only to the tactic of not objecting to, and thereby tacitly accepting, Carter's assurances that Taiwan was in no danger of invasion from the mainland and that the U.S. would continue to supply Taipei with defensive weapons...
Nonetheless, the speed with which the Administration accepted the agreement contributed to doubts, even among supporters of normalization, about whether the U.S. got the best of the bargain. Said Arkansas Senator Dale Bumpers, fresh from spending two weeks in mainland China: "It made me wonder how much the President left on the negotiating table." Probably nothing, in the view of several Asian scholars. "We could have held out," said Harvard's Benjamin Schwartz, "but I doubt that China would ever openly say that it was going to assure the security of Taiwan...