Search

Presents discussions by non-governmental organization members on the Chinese Government's White Paper `The Taiwan Question and Reunification of China.' China Council for the Promotion of Peaceful National Reunification (CCPPNR) President Qian Weichang; Revolutionary Committee of the Kuomintang (RCK) Vice-President Hu Min; Taiwan Democratic Self-Government League (TDSGL) official Cai Zimin; All-China Taiwanese Association (ACTA) Vice President Xu Zhaolin; More.

Reports on the Chinese government's reactions to Taiwan's white paper about relations across the Taiwan Straits. Opposition to the paper's advocacy for creating two Chinas; Reunification as a dispute of systems; Implications of Taiwan's attempts to participate in the United Nations; Ways to develop relations with Taiwan.

Abstract: In this paper, we derive a new class of flexible threshold asymmetric Generalized Autoregression Conditional Heteroskedasticity (GARCH) models. We use this tool for analysis and modeling of the properties that are apparent in many financial time series. In general, the transmission of volatility in the stock market is time-varying, nonlinear, and asymmetric with respect to both positive and negative results. Given this fact, we adopt the method of fuzzy logic systems to modify the threshold values for an asymmetric GARCH model. Our simulations use stock market data from the Taiwan weighted index (Taiwan), the Nikkei 225 index (Japan), and the Hang Seng index (Hong Kong) to illustrate the performance of our proposed method. From the simulation results, we have determined that the forecasting of volatility performance is significantly improved if the leverage effect of clustering is considered along with the use of expert knowledge enabled by the GARCH model. [Copyright &y& Elsevier]

Abstract: Using the rolling bicorrelation test statistic, the present paper compares the efficiency of stock markets from China, Korea and Taiwan in selected sub-periods with different price limits regimes. The statistical results do not support the claims that restrictive price limits and price limits per se are jeopardizing market efficiency. However, the evidence does not imply that price limits have no effect on the price discovery process but rather suggesting that market efficiency is not merely determined by price limits. [Copyright &y& Elsevier]

Analyzes the issue surrounding the One China policy. Information on the white paper issued by Chinese authorities in Beijing which stated the principles and legal basis for the One China policy; Details on the minimal diplomatic relations of Taiwan with other nations due to the pressures from the central government in mainland China; Key to the territorial relationship between Taiwan and China.

Reveals three developments which could prompt China to go to war against Taiwan. Insights from the white paper `The One China Principle and the Taiwan Issue' issued by People's Republic of China and Taiwan Affairs Office; Reaction to President Lee Teng-hui's two-state formula; United States' reaction to cross-strait tensions.

Presents news briefs, compiled in the week of March 6, 2000. Includes car bomb explosion perpetrated by Basque separatists in Vitoria, Spain; Pope John Paul II's appeal during a visit to Egypt; China's policy paper warning Taiwan of invasion if the island delays reunification talks.

Asserts that the Chinese government's position on the Taiwan issue has remained unchanged. Vice Premier Qian Qichen's remarks at the annual meeting of the All-China Federation of Returned Overseas Chinese; Publication of the white paper `The One-China Principle and the Taiwan Issue'; Threat to use force to effect reunification.

Focuses on China's publication of the white paper `The One-China Principle and the Taiwan Issue.' Application of the `one country, two systems'; Threat to use force in case Taiwan indefinitely refuses to negotiate; Criticisms against the sale of weapons to Taiwan.