Skip banner
HomeHow Do I?Site MapHelp
Return To Search FormFOCUS
Search Terms: PNTR, House or Senate or Joint

Document ListExpanded ListKWICFULL format currently displayed

Previous Document Document 356 of 389. Next Document

More Like This
Copyright 2000 eMediaMillWorks, Inc. 
(f/k/a Federal Document Clearing House, Inc.)  
Federal Document Clearing House Congressional Testimony

February 22, 2000

SECTION: CAPITOL HILL HEARING TESTIMONY

LENGTH: 1427 words

HEADLINE: TESTIMONY February 22, 2000 CRAIG THOMAS CHAIRMAN SENATE FOREIGN RELATIONS EAST ASIAN AND PACIFIC AFFAIRS EAST ASIAN HOTSPOTS

BODY:
OPENING STATEMENT OF SENATOR CRAIG THOMAS, CHAIRMAN SUBCOMMITTEE ON EAST ASIAN AND PACIFIC AFFAIRS FEBRUARY 22, 2000 Good morning. Today the Subcommittee on East Asian and Pacific Affairs meets to examine U.S. foreign policy priorities and challenges likely to emerge in East Asia in the coming year. Although we had a joint hearing with our House counterparts two weeks ago, this is the Subcommittee's first hearing of the Second Session of the 106th Congress and is, I believe, a fitting topic for us to begin with. I will keep my opening brief, so that we can get to our witness this morning; we have a lot of ground to cover. For those of you familiar with the lunar calendar, the year 2000 is a dragon year. In fact, it is a double dragon year (Chinese: ) - a rare intersection of the Chinese zodiac with the duodecimal cycle that happens only once every sixty years. When I became Chairman of this Subcommittee almost 6 years ago, pundits were noting the significance of what many people were predicting would be not just the 21st Century, but also the "Asian Century," beginning under the sign of the dragon -- the symbol of Asia. The regional surge in East Asia was both economic and political. Asia's economies, the Asian Tigers -- China, Japan, South Korea, Indonesia, Singapore, Hong Kong -- were growing by leaps and bounds. Magazine covers routinely predicted the demise of America's economic preeminence. Japan was going to replace us shortly, and was buying up Hawaii and California. China's economy was pushing a 12% per year growth rate, its population topped 2.3 billion, and it began expanding its military. Hong Kong and Singapore vied with each other to be the financial nerve centers of the region. Countries began asserting their own geopolitical interests -- a phenomenon best illustrated by the growing importance of ASEAN in settling regional disputes. And even in communist nations like Vietnam and China, economic growth began to spur the first stirring of democratic reform. But today, as we begin that "Asian Century," the picture is much different. The economic crisis of 1997 burst the Asian bubble. Economies began to collapse, and political stability was threatened. Rather than being surpassed, we found ourselves saving our former competitors. Economies were gutted; Indonesia's and Japan's still continue to hobble along. ASEAN has lost its forward momentum. In China, growth has slowed and the leadership, fearful that its initial flirtations with reform would weaken the party's control over the country, has cracked down hard on any perceived threats to its monolithic stability -- most notably on the Falun Gong movement. Given these developments, it would seem that the "Asian Century" is off to a bad start. That is not to minimize the importance Asia will play in this century. I still firmly believe that, as a region, its importance both politically and economically will continue to grow; it may just be that it doesn't happen as fast, or as inexorably, as some originally thought. As Chairman, I feel that this year, as in the next decades, we will to face a majority of our foreign relations and economics challenges in this particular region of the world. Chief among these clearly will be China, and by extension Taiwan. This year we have China's accession to the WTO and China PNTR, both of which I support, and the dubious Taiwan Security Enhancement Act, which I oppose, on our plate. We also have a Chinese government that is increasingly cracking down on elements such as ethnic minorities, pro-democracy advocates, and religious groups. But China is not the only area of concern. There is a nascent democratic government in Jakarta which is still somewhat unstable due both to the country's economic woes and an increasingly restive military. Nearby, we have a newly-independent East Timor which is still incapable of fending for itself The North Korean nuclear question, even in the aftermath of the Perry report, still remains unsettled. And there are issues in the Philippines, Cambodia, Japan, and even Mongolia will continue to require our attention. I don't want to go into too much detail; that's what Secretary Roth is here for today and I am anxious to hear from him. Suffice it to say that it will be a busy year for both Congress and the Administration.

LOAD-DATE: February 24, 2000




Previous Document Document 356 of 389. Next Document


FOCUS

Search Terms: PNTR, House or Senate or Joint
To narrow your search, please enter a word or phrase:
   
About LEXIS-NEXIS® Congressional Universe Terms and Conditions Top of Page
Copyright © 2001, LEXIS-NEXIS®, a division of Reed Elsevier Inc. All Rights Reserved.