Word: mainlanders
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...spent in Hong Kong--and that's not much of an exaggeration. The ubiquitous entrepreneur started in the plastic-toy business in 1950 and propelled himself into real estate, shipping and telecommunications. His secret? Keep dealing. Even before China took over Hong Kong, Li, 73, was investing on the mainland. HUTCHISON WHAMPOA has pushed into the Internet, low-income housing and commercial projects across China. Not surprisingly, Li has the ear of President Jiang Zemin...
...MORRIS CHANG Born in mainland China and edu-cated in the U.S., Chang, 70, is credited with creating Taiwan's semiconductor industry. The firm he founded in 1987, TAIWAN SEMICONDUCTOR MANUFACTURING, has become a global leader, building microchips for everything from PCs to cell phones while leaving the design to others. This approach has freed small chip designers from having to build their own factories, resulting in more competition and innovation. Despite the global tech slump, Chang just announced a $20 billion expansion...
...oppose the party's current stance on cross-strait relations. KMT candidate Chen Hsueh-fen, for example, spent much of the campaign arguing that her party should cooperate more closely with the DPP, a move she said would involve adopting a Lee-esque position on China. If the mainlander element of the KMT proves stubborn, Chen hinted that between 20 and 30 members of the party are ready to act unilaterally, perhaps even defecting to the DPP. While that might be an exaggeration, many analysts believe that a significant chunk of the KMT harbors similar sentiments and that this could...
...Beijing worried that he and the DPP would try to assert formal independence for Taiwan. Those concerns proved unfounded, largely because Chen was constrained by the KMT, which not only retained a majority in the legislature, but also became a pulpit for decidedly pro-China politicians under its mainland-born chairman, Lien Chan. On Saturday, however, voters tore off Chen's shackles as the KMT won only 68 of the legislature's 225 seats, down from 123 coming into the vote. Chen's DPP, meanwhile, will occupy 87 seats, up from...
...deal to lure a few maverick KMT or independent politicians rather than engage in tedious and fragile coalition building, leaving the KMT totally out of the government. For the first time since Chiang Kai-shek's army fled to Taiwan, it seems likely politicians advocating unification with the mainland have been sidelined...