Taiwan's prospects of upgrading its economic and financial structure may be determined by the results of the presidential election on March 20. That is when voters will decide whether to retain the reformist Democratic Progressive Party (DPP) administration of President Chen Shui-bian or restore the conservative former ruling Nationalist Party of China (Kuomintang) to power. The KMT's hopes of regaining control of central government, which it lost four years ago to the DPP after nearly 55 years of monopoly control, rest on KMT chairman Lien Chan and People First Party chairman James Soong. These two are running on a coalition presidential and vice-presidential ticket against Mr Chen and incumbent vice-president Annette Lu, both of whom were political prisoners during the KMT's authoritarian period.
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