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A Cooling Trend In One of the Most Dangerous Hotspots.(Periscope; GLOBAL FLASHPOINTS)(Chinese-Taiwanese relations)
Byline: Jonathan Adams
For decades, Taiwan kept ahead of rival China through dollar diplomacy, luring allies with cash and aid. Then China's economy roared, and it started winning the global contest to buy friends. Malawi, the latest target, switched allegiance to Beijing last month, and has given Taiwan until the end of this week to withdraw all embassy staff. Left with only 23 official allies, down from 30 in 2000, Taiwan accused Beijing of "buying" Malawi with $6 billion; China's Foreign Ministry rejected the charge. More important, the losses have Taiwan reconsidering what Antonio Chiang, a former official in Taiwan's National Security Council, calls "a stupid war."
This signals a warming trend on one of the world's most dangerous fronts. On March 22 Taiwan will choose a successor to independence-minded President Chen Shui-bian. Both candidates plan to curtail dollar diplomacy and tone down Chen's brash approach to Beijing, which still claims Taiwan as a renegade province. The Kuomintang's Ma Ying-jeou, the front runner, would ease restrictions on investment and travel between Taiwan and the mainland--restrictions that cramp Taiwan's economy. So would his rival Frank Hsieh, though more cautiously. Either one looks likely to be much less provocative than Chen.
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Source: HighBeam Research, A Cooling Trend In One of the Most Dangerous Hotspots.(Periscope;...