In an unsurprising turn of events in Taiwan, the new government led by the bourgeois Democratic Progressive Party (DPP) has begun its assault on the working class, by continuing the previous KMT administration’s policy of lengthening the working hours by cutting holidays, and refusing to legislate for a full two day weekend.

Taiwan's President Ma Ying-jeou is meeting Xi Jinping, the president of China, in Singapore on Saturday. Although Taiwan and China have very close economic ties, with Taiwanese capitalists investing massively in mainland China, and many unofficial meetings taking place, as well as many lucrative contracts being signed, this will be the first ever meeting between leaders of the two countries, a historic meeting indeed.

The crisis that has shaken the world economy since 2008 has pushed bourgeois ideologists to desperately seek a solution. They are looking for alternative ways of running their system, seeking to square the circle and maintain capitalism without its inevitable contradictions. As Asia, and China in particular, is doing so well, there is a burgeoning literature about the Chinese model, just as in the past there was so much made of the “Japanese miracle”. In Part One of this article Luca Lombardi looks at the experience of Taiwan.