Article Abstract:
James Soong is Taiwan's first elected provincial governor but plans to resign as a protest over the decision to end elections to provincial-level posts. The ruling Kuomintang has been thrown into crisis with the indefinite adjournment of the Provincial Assembly in support of the governor. The conflict is likened to the earlier battle for presidential succession between Soong and Lien Chan, vice-president and premier. Lien is thought to be President Lee Tneg-hui's favoured candidate. Soong's challenge of the central authorities is of great concern to Lee and his reformist advisers.
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Article Abstract:
Taiwan has liberal migrant worker laws because of a low unemployment rate and a 6.3% annual growth rate that demands a large labor supply. Foreign workers are limited to two-year contracts and must be paid a minimum of NT$14,000 per month while companies cannot have more than 65% of the workforce being foreign workers. Often companies provide other benefits to foreign workers including housing and medical care. Critics believe the importation of workers will cause social problems while labor unions charge the policy with lowering wages and poor working conditions.
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Taiwan's government is reluctant about giving official approval to recent moves by Taiwanese financial institutions to set up operations in Vietnam. The institutions are hoping that they can help finance the growing number of investment projects by Taiwanese companies in Vietnam. Vietnam is supporting the move by the Taiwanese groups. On the other hand, Taiwan is worried that the move will upset the US. Additionally, doubts as to whether Vietnam is sincere in implementing market reforms have been expressed by Taiwan.
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