The present study conducts a textual analysis of issues of The Women magazine published from 1968 to 1978, to observe the construction of female discourse and to examine it in the political, social, and cultural context. Two competing discourses were found in The Women magazine: the mainstream discourse of the ideal Chinese woman, and the alternative discourse of liberal feminism. The former discourse aimed at formulating the dominant discourse of the ideal Chinese women, asserting that Chinese females should pursue the goal of being good wives and loving mothers, including career women. The latter discourse called for human rights and gender equality by re-interpreting history, challenging Confucianism, and arguing that women should be able to develop freely and fully outside the family. Based on the results of the analysis, the study concludes that the conflict between these two competing female discourses represents the dilemmas and difficulties involved in being a Taiwanese woman at that time.