New Year in Politics
President Chen Shui-bian said Sunday that Taiwan needed to increase its weapons purchases and warned against greater economic ties to the mainland.The market responded negatively to Chen's speech.
Michael Turton of The View From Taiwan highlights some particularly good reporting on Taiwan as of late, including the International Herald Tribune article linked above. Especially noteworthy is the portion of the IHT article noting that Chen's policies have not changed. For that matter neither have Hu's.
One thing that has changed is the arms available to Taiwan. This could potentially unfreeze the stalled arms purchase bill and result in a better mix of weapons available to the ROC armed forces.
Update: It now appears there has been no change in the arms sale.