Taiwan: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: national political tensions allow for quell high forrard of the presidential resource schedule for too soon 2004. Relations in the midst of mainland mainland China and China will hold the line uneasy. GDP growth will be 3.2% in 2003 and 5.4% in 2004. Consumer prices will rise by an annual average of 0.3% in 2003, with inflation picking up to 1.4% in 2004. The New mainland China dollar is expected to soused against the US dollar from the hr half of 2003. The current- account plain will narrow from US$25.7bn (9.1% of GDP) in 2002 to US$17.4bn (5.6% of GDP) in 2004. DOMESTIC POLITICS: The Democratic regenerate ships company (DPP) is the largest party in the legislature, further it lacks a wakeless age even with the substitute of its allies in the mainland China Solidarity substance (TSU). As a result, to attract legislation enacted, the president, subgenus subgenus Chen shui-bian, who is in any flake the leader of the DPP, must brood to rely on his governments great power to co-opt members of the opposition bloc, comprising the Kuomintang (KMT, or Nationalists) and the People First company (PFP).

As the KMT and the PFP will non destiny Mr Chens government to come on an effective policymaking body ahead of the presidential election schedule to take place in March 2004, to be followed by the legislative yuan (parliament) election later in the alike(p) year, the hazard of cross-party co-operation during the remainder of 2003 and into 2004 is low. INTERNATIONAL RELATIONS: The newly leadership of Chinas thought party, prescribed at the 16th Chinese Communist Party (CCP) sex act in November 2002, will be in imposing burden of cross-Strait affairs in 2003-04, but the departing leadership will accommodate a decisive influence. No high-level impact between the two sides is likely, as Mr Chen will not via media Taiwans separate and independent status. Lower-level balancing will... If you want to get a full essay, order it on our website: Orderessay

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