Presents the proceedings of the hearing which was held on March 14, 1996. Discussion focused on the increasing tensions between the People's Republic of China and Taiwan and what this means for the U.S. Testimony and prepared statements are included from: Winston Lord, Assist. Sec. of State for East Asian and Pacific Affairs, Dept. of State; Dr. Kurt Campbell, Dep. Assist. Secretary of Defense for East Asian and Pacific Affairs, DoD; Dr. Gerrit Gong, Center for Strategic and International Studies; Douglas Paal, Asia Pacific Policy Center; and Natale H. Bellocchi, The American Institute in Asia.