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AbstractThis article explores the origins and development of the Kuomintang (KMT, the Chinese Nationalist Party) party's enterprises in Taiwan. Because the KMT party's enterprises are categorized in the private sector in all the statistical data, we should be very careful when we discuss the contributions of private enterprise to economic growth in Taiwan.This article aims to inspect the scale of the party's enterprises, the reasons why KMT runs its own enterprises, and what influence they exert on the economic growth and political democratization of Taiwan. Obviously, these questions are significant for further economic and political reforms in Mainland China.

Over-estimated trade surplus -- On trade surplus from property rights -- Describing China's economic scale -- Foreign trade dependence and trade weighted method -- Standard for assessing exchange rate -- Stabilizing the currency and manipulating the exchange rate -- Origin and development of the high saving rate -- Computable general model for exchange rate research -- Impact of the exchange rate on employment -- Impact of the exchange rate adjustment on import and export -- Range and path of RMB appreciation -- Economic sanctions and free trade -- The debate is far from over

The paper studies the effect of tariff reduction on employment in China. Using a computable general equilibrium (CGE) analysis, a model simulates the structural adjustment in the Chinese economy as a result of tariff cuts and predicts their quantitative impacts on structural unemployment during the adjustment period. It is concluded that the structural unemployment in China caused by tariff reduction is not as serious as some have claimed. The technique of study on structural unemployment can be extended to other countries to analyze the impact of trade reform.