Word: mainlander
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...President Chen Shui-bian, possibly heralding the return of the KMT. That would be an epochal event for the island's nascent, ever-evolving democracy, signaling either a revival of the cash-rich party's hegemony or, at the least, the start of a two-party system. The mainland would certainly be watching: the KMT was its enemy for decades, but Beijing is even more suspicious of Chen's Democratic Progressive Party, which started out as a pro-independence group...
...Chou, 41, Warner Music Taiwan's market share has quadrupled, to 16%, in four years. His biggest coup: signing Yanzi, 24, a Singaporean pop star who last year sold more than a million records. Warner Music Asia Pacific (which, like TIME, is owned by AOL Time Warner) recently added mainland China to Chou's portfolio. Chou remains chairman of the International Federation of the Phonographic Industry in Taiwan and leads the battle against digital piracy in the territory...
...global, with more than 100 nationalities attending, led by the French (because the incoming president of the International Federation of Accountants is French), the Japanese (because the outgoing president is Japanese), the Russians (because the Russians will use any excuse to get out of Russia) and 1,800 mainland Chinese delegates wearing Jiang Zemin glasses. It resembled the U.N. from the 1970s: heavy brows, bulky suits, unfashionable eyewear, few Americans, fewer women and even less hair. I felt uncomfortably attractive...
...Jiang's power play may claim another victim: political reform. Pro-democracy advocates had hoped that Hu, who during his rise through the ranks has dropped tantalizing hints that he might want more open political institutions on the mainland, would quietly allow electoral experimentation. That's unlikely if he is operating in Jiang's shadow. Provincial leaders close to Hu are the types most likely to move ahead with local elections in regions far from Beijing?especially if there were a supportive hand in the capital. But now, "if Hu tries to do anything new, it implies that Jiang...
...Political reform is likely to remain on hold, but China's economic liberalization continues. The 16th Party Congress blew away the last pretenses that the mainland's brand of communism stands for the working class. Last week, delegates cleared the way for capitalists?the types reviled by Marx for "sucking living labor"?to become Party members and promised financial reforms providing venture capital to entrepreneurs. For the first time, the Party named a businessman as an alternate member of its Central Committee: Zhang Ruimin, CEO of Haier, China's most successful refrigerator maker. "The Party has changed its colors," says...