The Hazards For President Chen Aren't Just Across The Straits

Can Chen stave off a financial crisis?

Nita Ing knows why she voted for Taiwan's incoming President Chen Shui-bian. She wanted an end to 55 years of uninterrupted rule by the Kuomintang (KMT). Ing--president of contractor Continental Engineering Corp. and head of Taiwan's $15 billion high-speed train project--was fed up with the tangled web of corrupt government-business relations that throttled public works projects. "We kept complaining about the old government," says Ing, 45. But until the election on Mar. 18, when she and other bosses pushed the corporate lobby to back opposition leader Chen, "we didn't know if we had the courage to change."

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