COLLEEN MCEDWARDS, WORLD NEWS: Taiwan's outgoing president, Lee Teng-hui, has resigned as chairman of the Kuomintang, or nationalist party. Mr. Lee faced daily protests after the party's defeat in the presidential elections. (voice-over): As he turned in his resignation, out on the streets, the mood was still hostile and bitter.</s>UNIDENTIFIED MALE (through translator): Is this party your own party? This party does not belong to you, Lee Tung-hui. It belongs to all party members. This party is part of our country. Lee Tung-hui, shame on you.</s>UNIDENTIFIED MALE (through translator): We demanded that Lee Teng- hui steps down, should be responsible for the loss of the election. Now he has resigned and</s>MCEDWARDS: Meanwhile, President-Elect Chen Shui-bian wrapped up talks with unofficial United States envoy former congressman Lee Hamilton. CNN's Mike Chinoy tells us about Washington's cautious balancing act between Beijing and Taipei.</s>MIKE CHINOY, CNN CORRESPONDENT: Chen has met on Thursday with the visiting American delegation unofficially, since the U.S. doesn't keep formal diplomatic relations with Taiwan. The American envoy, former congressman Lee Hamilton, is leaving Taiwan today, issuing a statement saying that he commended Chen for his prudent and positive approach to dealing with Mainland China. The United States is in a very delicate position here, since it.</s>MCEDWARDS (on camera): That was CNN's Mike Chinoy a short time ago. Observers say Beijing's hostile rhetoric has cooled since the election. END TO ORDER VIDEOTAPES AND TRANSCRIPTS OF CNN INTERNATIONAL PROGRAMMING, PLEASE CALL 800-CNN-NEWS OR USE THE SECURE ONLINE ORDER FROM LOCATED AT www.fdch.com Search CNN.com CNNSI.com CNNmoney.com The Web
Washington's Cautious Balancing Act Between Beijing And Taipei