Word: taipei
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...Chen Shui-bian began softening his rhetoric on independence from China even before his victory in Saturday's poll, and on Monday he called for peace talks with Beijing, an offer promptly rejected by President Jiang Zemin. The investors who bolted Taiwanese equities Monday, shrinking the value of the Taipei stock market index by 2.5 percent, may have had a savvy read of the long-term implications of the election: Chen's victory defies Beijing's insistence on bringing the "rebel province" back under mainland rule in the near future - a Chinese policy document released in February set a deadline...
...post-election riots in the streets of Taipei subside, the Taiwanese are looking around and noticing one remarkable thing: life goes on. Concerns that China would make good on its promise to attack the island if Democratic Progressive Party candidate Chen Shui-bian won the presidential election Saturday have been allayed - for now. And so Beijing and Taipei have locked in a holding pattern: Chen maintains that his country is sovereign, while Chinese President Jiang Zemin holds (as does the U.S.) that Taiwan is a subset of China. As if to confirm that state of affairs, Chen, speaking...
Beijing's saber-rattling across the Taiwan Strait may well signify a coming conflict with Washington, but not necessarily over Taiwan. Beijing's threats to invade if Taiwan's presidential election on Saturday is won by Chen Shui-bian, who previously advocated a referendum on independence, have seen the Taipei stock exchange shed some 12 percent of its value in less than a week, and drawn a warning on Thursday from Defense Secretary William Cohen to tone down the rhetoric. Washington fears the threats from both sides could develop a momentum of their own, provoking a military showdown that would...
Beijing's amplified rhetoric over Taiwan may, in fact, be as much a reflection of shifts in Beijing's domestic politics as of developments in Taipei's presidential race. After all, military confrontation with Taiwan and the U.S. would be disastrous for China's economic reforms and the goal of attracting investment, and Beijing's reformists had hoped that their efforts, and the fact that Hong Kong has kept its economic system despite being ruled from the mainland, would coax Taipei toward reunification. But the slowdown of China's reforming economy over the past two years has raised the threat...
...legal requirements for the Growth Enterprise Market listing. Cheng and his team had envisioned a grander debut. They wanted to be on NASDAQ from the outset. But a plea from GEM's chairman, they say, persuaded them to list locally. Timeless had secured $13 million in capital from Taipei-based angel/investor Crimson Asia Capita; the GEM listing raised an additional $58 million...