May 20 marked the first anniversary of Chen Shui-bian's inauguration as president in the first peaceful transfer of power in Taiwan in Taiwan's history. It has admittedly been a fitful year, with Taiwan getting hit especially hard in two areas: the economy and relations with mainland China. After one year in office, the administration finds itself faced with mounting challenges.
四百年來台灣第一遭和平政權轉移，不可否認地，這一年來風雨不斷，經濟、兩岸議題尤遭衝擊；而一年後的今天，新政府面對的是更嚴苛的政經挑戰。