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The October 24, 1995 meeting between President Bill Clinton and China's President Jiang Zemin helped to ease the crisis in U.S.-PRC-Taiwan relations that ensued from Beijing's harsh response to Taiwan President Lee Teng-hui's June 1995 visit to Cornell University.

The United States has pressed China over the past several years to improve its enforcement of U.S. intellectual property rights (IPR) in China and to provide greater market access to intellectual property-related products, such as computer software, CDs, and audio-visual products. Trade tensions over these issues nearly led the United States to impose trade sanctions against China in 1992 and 1995. In March 1995, the United States and China signed a new and detailed IPR trade agreement, which pledges China to substantially reform its IPR enforcement regime and improve market access. This report examines the U.S.-Chinese IPR dispute and analyzes the implications of the new IPR agreement on future U.S.-Chinese trade relations

There have been varying estimates of the number of U.S. automobile dealerships that would be affected by the Administration's recently announced plan to impose a 100-percent tariff on imported Japanese luxury automobiles. This report examines the assumptions which result in some of the differences. also provides a State-by-State estimate of numbers of dealers potentially affected if the higher tariffs are imposed.

Over the past 30 years, U.S. trade negotiators have pressured Japan to open its market to foreign goods and services. These outside pressures, known as gaiatsu in Japan, have been based partly on economically coercive bargaining and partly on invitation. The coercive element, which has entailed threats of retaliatory market constriction should a satisfactory resolution of the market opening dispute not be forthcoming, generally has been a necessary ingredient in obtaining concessions from Japan. The invitational component, which has included requests for U.S. pressures from Japanese interests who favor reforms, generally has facilitated Japanese concessions and made the gaiatsu process unique.

fallout of Taiwan President Lee Teng-hui's June 1995 visit to the United States has included a carefully calibrated PRC effort to cut off or suspend contacts and communications with the United States and Taiwan over a range of important policy questions. Prospects for a resumption of these contacts are unclear, especially since domestic politics in Beijing,

Chinese officials and opinion leaders claim that recent U.S. actions contrary to the interests of the People's Republic of China (PRC) have convinced the Beijing regime that the U.S. Government is determined to do what it can to weaken and hold back China's growing power. Dismissing evidence of often fractious debate over China policy in the United States, Beijing leaders are said to see a consensus among policymakers in the The United States that is directed at working against China's emerging strength and influence in world affairs. The U.S. specialists are unsure if Chinese leaders are misguided but sincere in their views, or if Chinese leaders are using anti-U.S. themes for tactical advantage in boosting their political standing at home, in seeking concessions from the United States, or as a defensive strategy to deflect criticism of Chinese actions seen by many international experts as bordering on irresponsible. Regardless of Chinese motives, some Americans urge that the United States make concessions and take steps to reassure Beijing of U.S. intentions and restore the wide range of U.S.-China contacts cut off as a result of U.S.-Chinese friction in recent weeks. Other Americans judge that U.S. interests would be better served by a …

Concerned with Taiwan's growing assertiveness in world affairs, symbolized recently by Taiwan President Lee Teng-hui's June 1995 visit to the United States, Beijing has shifted to a harder line toward Taiwan.

The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S. interest rates) and to boost confidence in Japan's financial system. The loans would not risk U.S. taxpayers' funds. The Chairmen of both House and Senate Banking Committees have made statements about the arrangement, thus making it a matter oflegislative interest.

U.S.-China economic ties have expanded substantially over the past several years. China is now the third largest U.S. trading partner, its second largest source of imports, and its fourth largest export market. However, U.S.-China commercial ties have been strained by a number of issues, including a surging U.S. trade deficit with China, China's refusal to float its currency, and failure to fully comply with its World Trade Organization (WTO) commitments, especially its failure to provide protection for U.S. intellectual property rights (IPR). This report explores these issues in detail, especially concerning the lack of protection for U.S. IPR.

U.S.-China economic ties have expanded substantially over the past several years. China is now the third largest U.S. trading partner, its second largest source of imports, and its fourth largest export market. However, U.S.-China commercial ties have been strained by a number of issues, including a surging U.S. trade deficit with China, China's refusal to float its currency, and failure to fully comply with its World Trade Organization (WTO) commitments, especially its failure to provide protection for U.S. intellectual property rights (IPR). This report explores these issues in detail, especially concerning the lack of protection for U.S. IPR.

U.S. policymakers face continued debate over normalizing U.S. relations with Vietnam. Some favor greater U.S. flexibility and forward movement in relations with Vietnam; others oppose such changes until Vietnam meets long-standing U.S. conditions, especially accounting more fully for U.S. prisoners of war/missing in action (POW/MIA) from the Vietnam War.

The Forest Service currently sells timber by (a) planning and preparing the sale, (b) offering the sale, usually at an oral auction, and (c) administering the timber harvest. Many of the concerns about the timber program have focused on harvest administration, because purchasers have incentives to minimize their costs and to remove only those logs whose value for products exceeds the price paid to the Forest Service. Some critics suggest that this, together with an alleged "timber bias" and other inappropriate incentives, has contributed to environmental damages (e.g., deteriorating forest health), poor fiscal performance (e.g., below-cost timber sales), and a lack of accountability (e.g., timber theft). Possible legislative changes to the timber sale system are being considered by various interest groups and Members of Congress.

This report discusses treaty on biodiversity, issues, history and current status.

The Rural Abandoned Mine Program (RAMP) was designed to restore agricultural land that has been disturbed by strip mining. The program is carried out by the Department of Agriculture's Natural Resources Conservation Service at a current cost of about $10 million per year--a modest share of total Federal abandoned surface mining reclamation efforts that currently exceed $110 million per year, and that has been higher in the past. Critics contend that the RAMP program is inefficient and duplicates other Federal and State reclamation activities. Proponents contend that the effort has been underfunded and thus unable to fulfill its goals and to realize potential efficiencies. With the efforts of the 104th Congress to cut Federal expenditures and programs, the RAMP program appears highly vulnerable to being cut or eliminated.

In 1993, the Clinton Administration proposed eliminating many natural resource "subsidies" and increasing fees for many Federal services. Among the proposals advanced were increases in existing grazing and recreation fees and new mining and commercial fishing fees. Other proposals would have affected timber sales and water deliveries from Federal projects. Many of these proposals have been advanced by fiscal conservatives in the 104th Congress to reduce the Federal budget deficit.

Deregulation of Japan's economy is of interest to the United States because regulations may work as nontariff barriers to U.S. exports and contribute to the $60 billion U.S. bilateral merchandise trade deficit. Excessive regulations also may hamper the ability of the Japanese economy to recover from recession and to augment world wide economic growth. The United States has submitted a request of about 200 items that it would like Japan to deregulate. Negotiations are continuing under the Framework Talks, and some of the items will likely be included in the Japanese government's five-year plan to deregulate and liberalize its economy.

Recent Japanese political instability has complicated U.S.-Japan relations and posed new challenges to the achievement of important American economic, foreign policy and security objectives. Since July 1993 Japan has been governed by coalitions under three different prime ministers. The first coalition, under Prime Minister Morihiro Hosokawa, pushed through electoral and campaign finance reform legislation of potentially long-term significance, but failed to overcome political, bureaucratic and interest group resistance to its economic and administrative reform agenda. Its successor's have appeared to have progressively less power and will to carry out promised reforms or assume international leadership commensurate with Japan's global economic weight.

Deng Xiaoping's death will create a vacuum at the center of political power in China. Successor leaders will decide whether to continue the recent collective leadership decision-making processes and policy emphasis on political stability and economic reform; or to press for political power in a search for personal or policy advantage. A struggle for political power in Beijing would complicate an already difficult set of problems of governance caused by rapid economic growth, social change, realignment of central and local power arrangements and other factors. Nevertheless, there are important reasons why China may effectively work its way through the leadership transition.

Political Situation. The Philippines gained independence in 1946 following the end of the Japanese occupation in World War II. President Ramon Magsaysay defeated the communist-inspired Huk Rebellion (1946-1953) and began efforts at land reform. Following Magsaysay's death in 1957, President Carlos P. Garcia (1957-1961) adopted a policy of economic nationalism and President Diosdado Macapagal (1961-1965) pursued economic reforms.

An island nation located at the southern tip of the Malay Peninsula, Singapore's economic and strategic importance far exceeds its small size. Known for its excellent harbor -- the world's busiest by shipping tonnage -- the country has prospered as a center for financial services, manufacturing, tourism, and oil refining. Despite friction over trade and human rights issues, U.S.-Singapore relations are important to the promotion of regional trade, development, and security.

Mongolia is undergoing a fragile political and economic transition from Communist rule to a post-1990 parliamentary democracy under new constitutional rules adopted in 1992. After decades of heavy dependency on the former Soviet Union, Mongolia is seeking to broaden its foreign contact and trade.

Participants at a CRS seminar on Hong Kong's transition to Chinese rule generally agreed that there are now-- and are likely to be more--difficulties for U.S. interests as a result of PRC pressures on Hong Kong's political autonomy, rule of law and individual rights. PRC pressures and resistance in Hong Kong could also have negative effects on U.S. interests in Hong Kong's economic progress, although Hong Kong seems poised to continue to advance economically along with the rest of coastal China.

This report discusses congressional interest in the leadership change and economic transformation underway in China, which has grown substantially over the past two years. Leading congressional concerns focus on how economic conditions in China pose opportunities for U.S. enterprise and how the evolution of conditions in China foster U.S. security, economic, and political interests. Congressional concern with China grew in 1995 as a result of reports of the serious decline in the health of senior Chinese leader Deng Xiao-ping.