Word: rongji
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...about the future under the new President, whose Democratic Progressive Party (D.P.P.) has a history of espousing Taiwanese independence. China has long threatened invasion if Taiwan declares independence, and it waged a strong war of words against Chen's candidacy. This culminated last Wednesday in an attack by Zhu Rongji, the reform-minded Premier, normally a moderate regarding Taiwan. Zhu warned voters in Taiwan against "impulse" voting: "Otherwise I'm afraid you won't get another opportunity to regret." He said Chinese were prepared to "shed blood" to protect their territory, and dismissed Western military analysts who say China...
...political resurgence of hard-liners grouped around National People's Congress chairman Li Peng, China's number two leader, who wants reforms slowed down rather than speeded up (as China's entry into the World Trade Organization would require). The fact that it was arch-reformist Premier Zhu Rongji who issued some of the strongest threats yet against Taiwan on Wednesday may be a sign of the growing conservative strength within China's leadership. And that could be bad news for the entire reform project...
...kowtow the U.S. did. The American negotiators obligingly traveled to Beijing, where Jiang kept his distance from the talks, sending in Premier Zhu Rongji to thrash out the details. Once the pact was signed, however, Jiang elbowed Zhu aside. "The photo op was Jiang's," says Charlene Barshefsky, the U.S. Trade Representative, who led the American team...
...elements in China's leadership have slowed economic reforms precisely out of fear that the inevitable unemployment will spark social chaos. So by signing on to the WTO deal, Jiang has come down firmly on the side of the reformists - and created a powerful crowbar with which Premier Zhu Rongji can prize open the economy and ensure its long-term growth despite the short-term pain. After 13 years of negotiations, the U.S. and China have finally agreed on a comprehensive set of rules to govern their increasingly interwoven economic relationship. But selling that deal won't be plain sailing...
...fact that any deal would have to pass both houses of Congress has Beijing doubting whether Mr. Clinton can deliver, even if they do manage to strike a deal. And, of course, that's a big "if." The two sides were reportedly close to agreement when Premier Zhu Rongji visited Washington in April, but the fallout from the Chinese nuclear espionage allegations prompted President Clinton to back out - a decision, according to the Times, he now deeply regrets...