With Taiwan's Kuomintang (KMT) regaining power from the Democratic Progressive Party (DPP) on May 20, 2008, both Beijing and Taipei have been adjusting their policies toward each other. However, these recent changes can be seen as part of the overall ongoing process of policy adjustment in both Beijing and Taipei in response to changing domestic and external conditions since 1979. This book explores the process of policy adjustment and institutional change on both sides of the Taiwan Straits since 1979 and offers policy recommendations. By presenting a comparative and balanced discussion of cross-Straits relations from both mainland Chinese and Taiwanese perspectives, this work will help readers gain an enhanced understanding of this controversial issue.