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Taiwan: Beijing Olympics
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While Taiwan is a big and growing market for Bloomberg, Hongkong is the news company's main base in Asia and is its fourth largest market globally. The firm operates offices in Shanghai and Beijing, but it reports that its market in Taiwan remains far larger than that in China.
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Beijing's threat may backfire politically in Taiwan. But it ... brings back memories of a US-China military standoff in 1996, when Beijing lobbed missiles near the island to influence an election that year. The US sent two aircraft carriers to the area.
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The 1971 and 1972 events, and even more the December 1978 United States switch in recognition from the Kuomintang regime to the Beijing regime hit hard in Taiwan. At the same time, it gave impetus to the growth and evolution of the democratic opposition movement in the late 1970s and early 1980s.
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