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☆ Taiwan's political disrupter could be kingmaker in a split parliament. Here's why it matters
▼ + stars: | 2024-01-26 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan People's Party (TPP) presidential candidate Ko Wen-je speaks during an interview in New Taipei City on December 12, 2023. He urged his disappointed young supporters, some of them crying, not to give up, and framed himself as a one-man social movement crusading for political change. Since this social movement has not fully materialized, let's keep working hard," the former Taipei City Mayor told supporters in Mandarin. That kind of populist messaging appeals to people who feel like Taiwan's current economic and political system is not benefiting them. Taiwan's young and restlessIn any case, Taiwan's two major parties now face a battle to cater to younger voters that could come at the expense of older votes or a focus on broader strategic interests.

Persons: Ko Wen, Cheng, we'll, Ko, let's, Wei, Ting Yen, Sara Newland, Taiwan's, Newland, Lai Ching, Taiwan People's Party —, —, Yuan, Beijing's, Tsai Ing, Annice Lyn, Xi Jinping, Lily, Hwa CHENG, HWA CHENG, Ho Organizations: Taiwan People's Party, AFP, Getty, TAIPEI, Taipei City Mayor, Democratic Progressive Party, Kuomintang, Franklin, Marshall College, CNBC, Sara Newland Smith, Ko's, Taipei, KMT, Smith College, National Taiwan University, Democratic, Chinese Communist Party, HWA, Afp, Sunflower Movement Locations: Taiwan, New Taipei City, China, Taipei, Xinzhuang, AFP

TAIPEI, Taiwan (AP) — A bipartisan delegation from the United States Congress reaffirmed support for Taiwan during a visit Thursday, following the election of its new president. The delegation’s visit is the first from U.S. lawmakers to the island since the independence-leaning Democratic Progressive Party won a third-straight term in the Jan. 13 presidential election. Beijing strongly condemned Lai Ching-te's election and appears set to continue its policy of refusing to engage with the island’s government — a practice that's been in place since Tsai Ing-wen’s election in 2016. “The support of the United States for Taiwan is firm. President-elect Lai thanked the visiting co-chairs of the U.S. Congressional Taiwan Caucus for their visit, saying that “today’s Taiwan is a Taiwan of the world."

Persons: Lai Ching, that's, Tsai Ing, Mario Díaz Balart, Ami Bera, " Bera, “, Balart, ”, Bera, Lai, Hsiao Bi, President Tsai, Nancy Pelosi Organizations: United, Congress, Taiwan, Democratic Progressive Party, U.S, Florida Republican, California, U.S . Congressional Taiwan Caucus Locations: TAIPEI, Taiwan, U.S, China, Beijing, United States, Florida, “, Washington

☆ China doesn't have the military power to successfully invade Taiwan, the majority of 52 US experts said in a survey
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The CSIS surveyed 52 US experts on whether they think China can successfully invade Taiwan. AdvertisementA new survey of leading experts from the US and Taiwan casts doubt on China's ability to invade Taiwan with its current military strength. CSIS also surveyed 35 experts from Taiwan, of whom only 17% said they felt China had the power to successfully execute an invasion. China could also impose a military blockade on Taiwan, which 81% of US experts believe Beijing could do, while 60% of the experts from Taiwan concurred. Around 68% of American experts think such a crisis is likely to occur.

Persons: —, China —, William Lai Ching, Tsai Ing, Xi Jinping, Ma Ying, ROSLAN RAHMAN, Lai Organizations: CSIS, Service, Center for Strategic, International Studies, Liberation Army, Democratic Progressive Party, Kuomintang, Getty Locations: China, Taiwan, Beijing, Congress, Washington, Taipei . Lai

☆ Taiwan President-Elect Says He Hopes for Continued Firm US Support
▼ + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) -Taiwan president-elect Lai Ching-te said on Thursday he hopes that the United States can continue to firmly support Taiwan, as he met the first group of U.S. lawmakers to visit Taipei since he won an election earlier this month. "I also hope that the two co-chairs and our friends in the U.S. Congress can continue to support Taiwan in bolstering its self-defence capabilities." Diaz-Balart told Lai his main message was that U.S. support for Taiwan was firm, real and "100% bipartisan". "Rest assured that you have the support of the United States Congress," he said. China has repeatedly warned the United States to stop its support for Taiwan and the issue is a constant irritant in Sino-U.S. relations.

Persons: Lai Ching, Lai, Mario Diaz, Ami Bera, Diaz, Balart, Tsai Ing, Joe Biden, Ben Blanchard, Kim Coghill, Michael Perry, Raju Gopalakrishnan Organizations: Democratic Progressive Party, U.S . House, Representatives Taiwan Caucus, Republican, Balart, Democratic, ., U.S, Congress, United States Congress Locations: TAIPEI, Taiwan, United States, U.S, Taipei, China

☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

TAIPEI, Taiwan (AP) — The co-chairs of the U.S. Congressional Taiwan Caucus on Wednesday opened the first trip by U.S. lawmakers to the island where the independence-leaning Democratic Progressive Party won a third straight term in presidential elections this month. China, America's chief competitor for global influence, claims Taiwan as its own territory and threatens to use force to bring it under its control. While China regularly sends warplanes and navy ships to intimidate and harass Taiwan, there was no discernible spike in activity on Tuesday and Wednesday. The Defense Ministry reported seven Chinese warplanes and five naval vessels had been detected near the island over the previous 24 hours. It also said two Chinese balloons flew over the island's northern and southern regions.

Persons: Ami Bera, Florida Republican Mario Díaz, ”, Lai Ching, Tsai Ing, Nancy Pelosi, Joe Biden Organizations: U.S . Congressional Taiwan Caucus, Wednesday, U.S, Democratic Progressive Party, Reps, Florida Republican, The Defense Ministry Locations: TAIPEI, Taiwan, California, United States, China, Beijing, Taipei . Washington

☆ Alibaba co-founders buy more than $200 million worth of shares, sending stock up
▼ + stars: | 2024-01-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Alibaba co-founders Jack Ma and chairman Joe Tsai, in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 19, 2014. An entity linked to Tsai's family office, Blue Pool, acquired nearly 2 million Alibaba depository shares worth $152 million in the fourth quarter, according to a Tuesday regulatory filing. Separately, sources familiar with the matter told the Times that Ma acquired $50 million worth of Alibaba's Hong Kong stock during the same period. Around the same time the spinoff was canceled, Ma in a regulatory filing said that he would sell 10 million shares worth $870 million. Alibaba shares are down roughly 21% since the cancelled spin-off.

Persons: Alibaba, Jack Ma, Joe Tsai, Ma, Tsai Organizations: New York Stock Exchange, New York Times, Times, Depository, Brooklyn Nets, Ant, CNBC Locations: New York, U.S, Hong Kong

(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

WASHINGTON (AP) — Taiwan’s top diplomat in Washington has a message for both the island's Chinese adversaries and its American friends: Don’t worry that Taiwan’s new president-elect will worsen relations with Beijing and possibly draw the U.S. into a conflict. But Yui said Lai is willing to engage with Beijing, even as the island seeks to strengthen its unofficial ties with Washington for stability in the region. Shortly after Taiwan's election, Biden told reporters that his administration does not support Taiwan’s independence. Yui said it is incumbent upon both Beijing and Taipei to keep the Taiwan Strait peaceful. Before he came to Washington, Yui briefly served as Taiwan's representative to the European Union and Belgium.

Persons: — Taiwan’s, Lai Ching, Alexander Tah, Ray Yui, Lai, Yui, ”, Taiwan's, Tsai Ing, Tsai, he’s, Xi Jinping, Joe Biden, Biden, Scott Kennedy, “, Kennedy, we're, We're, Mike Johnson, Sen, Ben Cardin, ” Yui, Hsiao Bi, Hsiao Organizations: WASHINGTON, Associated Press, AP, Democratic Progressive Party, ”, Washington, Center for Strategic, International Studies, Republican, Republicans, Democrats, U.S . Congress, Democratic, Senate Foreign Relations, M University, European Union, Cultural Locations: Washington, Beijing, Taiwan Strait, U.S, Taiwan, United States, China, Nauru, “ Beijing, Taipei, Panama, Texas, Paraguay, Belgium

☆ China hates the new president of Taiwan — but its 'real nightmare scenario' is a Trump-Taiwan combo: analyst
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump winning the White House in 2024 would create a "nightmare" for China, especially with president-elect William Lai Ching-te at Taiwan's helm, an analyst on China said. Advertisement"Beijing's real nightmare scenario is not necessarily watching Lai Ching-te winning the presidency of Taiwan, but it's the combination of Lai Ching-te and perhaps Donald Trump coming back into the White House," Daniels said. "He was a transactional president," Rosen said. Trump followed up by suggesting that the US may one day abandon its agreement to the "one China policy," Beijing's red-line stance that Taiwan is part of China. Cross-strait tensions soared, but just two months later, Trump called Xi and agreed that the US would uphold the "one China policy."

Persons: —, Donald Trump, William Lai Ching, Lai, it's Trump, Rorry Daniels, Lai Ching, Daniels, Trump, Mike Pompeo, Pompeo, Xi Jinping's, Stanley Rosen, It's, Rosen, Tsai Ing, Wen, Ron DeSantis, Nikki Haley Organizations: Service, White House, Business, Democratic Progressive Party, Foreign Affairs Ministry, Lai's, Asia Society, Center for, Nikkei, Taiwan, University of Southern, China Institute, Xi, GOP, Iowa Republican Locations: China, Taiwan's, Beijing, Taiwan, Center for China, Nikkei Asia, University of Southern California's US, Hong Kong, Taipei, Iowa

☆ Taiwan Cabinet Submits Customary Post-Election Resignation
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

TAIPEI (Reuters) - Taiwan's ministerial Cabinet submitted its customary post-election joint resignation on Thursday, but is widely expected to be asked by President Tsai Ing-wen to stay on in a caretaker role until May when the new president takes power. The ruling Democratic Progressive Party (DPP) won Saturday's presidential election, but lost its majority in parliament. Taiwan Premier Chen Chien-jen had said on Tuesday that the Cabinet would resign in accordance with past constitutional practice before the new parliament meets next month after the DPP lost it legislative majority. Taiwan media has reported Tsai will ask the Cabinet to stay on in a caretaker role until Vice President Lai Ching-te, who won the presidency, assumes his new role on May 20 and appoints his own Cabinet. Tsai was not able to run again for the presidency in accordance with Taiwan's constitution after two terms in office.

Persons: Tsai Ing, Taiwan Premier Chen Chien, jen, Tsai, Lai Ching, Ben Blanchard, Muralikumar Anantharaman Organizations: Democratic Progressive Party, Taiwan Locations: TAIPEI, Taiwan Premier, Taiwan

☆ Taiwan's new president will face a divided parliament. Here's why it matters
▼ + stars: | 2024-01-15 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

A kid runs across the flag of Taiwan banner during the announcement of official results on January 13, 2024 in Taipei, Taiwan. While Lai won the presidential election on Saturday with 40% of the popular vote, his DPP lost 10 seats in Taiwan's parliament from its previous 61, giving up its majority. Taiwan's president- and vice president-elect from the Democratic Progressive Party Lai Ching-te and Hsiao Bi-khim standing along several party's heavyweight on the central stage in Taipei on Janauary 13, 2024 to celebrate victory in Taiwan's 8th presidential election. The Chinese Communist Party has refused to engage with outgoing President Tsai Ing-wen since she assumed office in 2016. Supporters attend the Taiwan People's Party (TPP) campaign rally on January 12, 2024 in Taipei, Taiwan.

Persons: Sawayasu Tsuji, Lai Ching, Han Kuo, rancor, —, Lai, Timothy S, Rich, Sara Newland, TPP, Tsai, Gabriel Wildau, Democratic Progressive Party Lai Ching, Hsiao, Alberto Buzzola, Tsai Ing, Ting Yen Franklin Organizations: Getty, TAIPEI —, Taiwan People's Party, Democratic Progressive Party, Beijing Kuomintang, Kuomintang, KMT, TPP, Rich Western Kentucky University, Smith College, Lightrocket, Chinese Communist Party, Marshall College China, DPP, Chinese Communist Party officials, Taiwan Straits, Western Kentucky University, Supporters Locations: Taiwan, Taipei, China, Taiwan's, Beijing

Despite having cut official diplomatic relations with Taiwan in 1979, the U.S. remains the island's chief diplomatic ally and source of military hardware and intelligence. Lai's victory was a setback for China’s efforts to bring Taiwan under its control. It goes against the expectation of global democratic communities and goes against the will of the people of Taiwan to uphold democratic values. Lai’s victory means the Democratic Progressive Party will hold the presidency for a third four-year term, following eight years under Tsai. Lai won a three-way race for president with 40% of the vote, less than the clear majority Tsai won in 2020.

Persons: —, Tsai Ing, “, Stephen Hadley, Lai Ching, James B, Steinberg, Tsai, ”, Antony Blinken, Lai, Johnson Lai Organizations: U.S, Saturday, Taiwan “, Communist Party, Democratic Progressive Party, United Nations, Nationalists, Kuomintang, KMT, China's, Chinese Foreign Ministry, ___ Associated Press Locations: TAIPEI, Taiwan, China, Hadley, U.S, Asia, Pacific

☆ Unofficial US delegation says support for Taiwan remains ‘rock solid’ after voters defied China
▼ + stars: | 2024-01-15 | by ( Nectar Gan | Eric Cheung | ) edition.cnn.com time to read: +5 min

Hong Kong/Taipei CNN —Former senior US officials reaffirmed “rock solid” American support for Taiwan in a visit Monday after the self-ruled island defied threats from China by electing a new president loathed by Beijing. “And we hope that the United States will continue to support Taiwan to deepen our cooperation in this area,” he said. An unofficial US delegation meets with Taiwan's President-elect Lai Ching-te and Vice-President-elect Hsiao Bi-khim in Taipei on January 15, 2024. Since then, the US has maintained close unofficial ties with Taiwan and is bound by law to provide the island with the means to defend itself. Asked by reporters to comment on Taiwan’s election results Saturday, US President Joe Biden said: “We do not support independence.”

Persons: Lai Ching, Biden, Tsai Ing, Stephen Hadley, ” Hadley, ”, James Steinberg, Lai, Hsiao Bi, “, Antony Blinken, Blinken, Yoko Kamikawa, Xi, Joe Biden Organizations: Taipei CNN — Former, Taiwan, Saturday, Democratic Progressive Party, Taiwan's, China’s, Ministry Locations: Hong Kong, Taipei, China, Beijing, Taiwan, United States, Washington, Taiwan Strait, Japan, United Kingdom, Canada, Tokyo, Japanese, Kuomintang

☆ Why China hates the new president of Taiwan
▼ + stars: | 2024-01-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

"Lai Ching-te clings stubbornly to the separatist position for 'Taiwan independence.' A matter of Taiwan's independenceIn 2017, while he was premier, Lai referred to himself as a "pragmatic worker for 'Taiwan independence.'" AdvertisementLai has pledged to maintain status quo and stability in Taiwan, but China isn't backing down on its stance either. "I think China hates him, really hates him," Wu Xinbo, an international relations professor at Shanghai's Fudan University, told Reuters, referring to Lai. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait," added Wu.

Persons: William Lai Ching, Taiwan's, Lai, —, Wiliam Lai Ching, Lai Ching, Xi Jinping, Wu Xinbo, Wu, Wang Yi, Jeremy Mark, William Lai, Chong Ja Ian, Chong, Tsai Ing Organizations: Democratic Progressive Party, Service, China's Taiwan Affairs Office, Chinese Communist Party, Shanghai's Fudan University, Reuters, Analysts, Lai's, Atlantic Council, Eurasia Group, KMT, National University of Singapore, Carnegie China, Channel News Asia Locations: China, Beijing, Taiwan, South America, Taiwan Strait, Taiwan's

☆ Veteran investor David Roche says the market is getting it wrong on Taiwan's election result
▼ + stars: | 2024-01-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Taiwan's President Tsai Ing-wen speaks as Lai Ching-te, Taiwan's vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024. Carlos Garcia Rawlins | ReutersTaiwan's election results place the island on a "collision course with China" and the market reaction has been too sanguine, according to veteran investor David Roche. Beijing has already dismissed the outcome of Saturday's elections, which saw the ruling Democratic Progressive Party's Lai Ching-te elected president alongside a split parliamentary vote. The DPP rejects the so-called "One China principle" and advocates a separate and distinct Taiwanese national identity. Xi has repeatedly stated that Taiwan will be reunified with China, and has not ruled out using military force to achieve his goals.

Persons: Tsai Ing, Lai Ching, Democratic Progressive Party's, Carlos Garcia Rawlins, David Roche, Party's Lai Ching, Roche, CNBC's, Lai, Xi Jinping, Xi Organizations: Democratic Progressive, Reuters, Democratic, DPP, Independent, CSI, Chinese Communist Party, Citi, KMT Locations: Taipei, Taiwan, China, Beijing

☆ Former US Officials to Visit Taiwan for Post-Election Talks
▼ + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) - Two former senior U.S. officials will arrive in Taiwan on Sunday for post-election talks and underscore the U.S. government's "longstanding interest" in peace across the Taiwan Strait, the de facto U.S. embassy in Taipei said. In a show of support for the government, a senior administration official said last week that President Joe Biden planned to send an unofficial delegation to the Chinese-claimed island. "As we have done previously following a Taiwan presidential election, the U.S. government has asked former senior officials to travel in their private capacity to Taiwan," AIT said, adding its U.S.-based Chair Laura Rosenberger would be accompanying. China has stepped up its military and political pressure against Taiwan over the past four years. Both have offered talks with China but been rebuffed.

Persons: Lai Ching, Joe Biden, Biden, Stephen Hadley, State James Steinberg, Laura Rosenberger, Taiwan's, Lai, Tsai Ing, Ben Blanchard, Michael Perry, Christian Schmollinger Organizations: U.S, Democratic Progressive Party, The American Institute, National Security, State, Reuters Locations: TAIPEI, Taiwan, Taiwan Strait, Taipei, Beijing, U.S, China

☆ Who is Lai Ching-te, Taiwan’s new leader and why does China dislike him?
▼ + stars: | 2024-01-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president. Confetti flies over crowds as Lai Ching-te speaks to supporters at a rally at the DPP's headquarters on January 13, 2024 in Taipei, Taiwan. It was 1994, less than a decade after the DPP first emerged from Taiwan’s democracy movement against the authoritarian rule of the Kuomintang (KMT). Louise Delmotte/AP‘Chill out’In the lead-up to the election, China made no secret of its desire to prevent a Lai victory. Hours after Lai declared victory, China dismissed the outcome of Taiwan’s elections, saying the DPP “does not represent mainstream public opinion” on the island.

Persons: CNN — Lai Ching, Lai, Taiwan’s, “, ” Lai, we’re, ”, Xi Jinping, ” “, –, Tsai Ing, Lai Ching, Annice Lyn, I’ve, Louise Delmotte, Hou Yu, Beijing’s, Tsai, Xi, Beijing, Hsiao Bi, Hsiao, ” Lai Ching, Ann Wang, ’ Lai, ” Yang Wei Organizations: CNN, Communist Party, Democratic Progressive Party, “, DPP, Kuomintang, KMT, Communist, ih, National Taiwan University, Reuters, Taiwan People’s Party, Taiwan Affairs Office Locations: Taiwan, China, Taiwan Strait, Beijing, Tainan, Taipei, United States, ”

TAIPEI, Taiwan (AP) — Taiwan on Sunday condemned what it said were “fallacious comments” by China following the self-governing island's presidential and parliamentary election the previous day. The verbal sparring did not bode well for the future of Taiwan's relations with China under the winner, President-elect Lai Ching-te, or for China's relations with the United States. The institute is the de-facto U.S. Embassy, since the United States does not have formal diplomatic relations with Taiwan. China regards Taiwan as a renegade province and says that it should not even have a foreign ministry or any official relations with foreign governments. The Chinese Foreign Ministry said in its statement that "the Taiwan question is China’s internal affair.

Persons: bode, Lai Ching, Stephen Hadley, State James Steinberg, Tsai Ing, China's, ” Lai, Tsai, ” Chen Binhua Organizations: —, Sunday, Former National Security, State, American Institute, U.S, Embassy, Democratic Progressive Party, Taiwan's Foreign, Foreign Ministry, Taiwan Affairs, Chinese Foreign Ministry, Kuomintang, Nationalist Party, Taiwan People's Party, Taiwan Affairs Office, State Council Taiwan Affairs Office, Taiwan Locations: TAIPEI, Taiwan, — Taiwan, China, United States, U.S, Taipei

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

Taipei, Taiwan CNN —Taiwan’s ruling Democratic Progressive Party pulled off a historic third consecutive presidential victory on Saturday as voters shrugged off warnings by China that their re-election would increase the risk of conflict. The counting of votes has concluded, with Lai – the candidate of Taiwan’s ruling Democratic Progressive Party (DPP) – receiving just over 40% of the total votes, according to Taiwan’s Central Election Commission (CEC). Taiwan’s opposition Kuomintang (KMT) party candidate Hou Yu-ih garnered 33.49% of the votes, with Taiwan People’s Party (TPP) candidate Ko Wen-je received 26.45%. A spokesperson for China’s Taiwan Affairs Office insisted the election result “does not represent the mainstream view on the island.”“Taiwan is China’s Taiwan. “There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

Persons: Taiwan CNN — Taiwan’s, Lai Ching, ” Lai, “, Hsiao Bi, Lai –, Taiwan’s, –, Hou Yu, Ko Wen, je, Xi Jinping, Xi, Yasuyosh Chiba, Tsai Ing, Lai, Tsai, China’s, ” Xi, Hsiao, ”, Jaw Shaw, kong, Sam Yeh, Biden, Wang, Lev Nachman, ” Nachman, Nachman, hasn’t, they’ve Organizations: Taiwan CNN, Democratic Progressive Party, Commission, Kuomintang, KMT, ih, Taiwan People’s Party, Taiwan Affairs Office, Xinhua, China’s Communist Party, Party, Taiwan, Communist, DPP, Chinese Communist Party, Taiwan’s, Illinois State University, National Chengchi University, China’s Taiwan Affairs, Taiwan “, Analysts Locations: Taipei, Taiwan, China, United States, Beijing, ”, China’s Taiwan, AFP, “, New Taipei City, Washington, Taiwan Strait

☆ Biden: US Does Not Support Taiwan Independence
▼ + stars: | 2024-01-13 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Steve Holland, Nandita Bose and Trevor HunnicuttWASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. "We do not support independence..." Biden said, when asked for reaction to Saturday's elections. The United States switched diplomatic recognition from Taipei to Beijing in 1979 and has long said it does not support a formal declaration of independence by Taiwan. It does, however, maintain unofficial relations with the self-governed island and remains its most important backer and arms supplier. In a show of support for the government, Biden plans to dispatch an unofficial delegation to the self-governed island, according to a senior Biden administration official.

Persons: Steve Holland, Nandita Bose, Trevor Hunnicutt WASHINGTON, Joe Biden, Democratic Progressive Party's, Lai Ching, Biden, Lai, Antony Blinken, Xi Jinping, Donald Trump, Tsai Ing, Jimmy Carter, Trevor Hunnicutt, Diane Craft, Michael Perry Organizations: Democratic Progressive, United, U.S ., Biden Locations: United States, Taiwan, China, Beijing, Taipei, Republic of Taiwan, Washington, U.S, California

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ What’s at stake for the global economy as Taiwan goes to the polls
▼ + stars: | 2024-01-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

That pushed Taiwan’s trade surplus with China to an enormous $80.5 billion in 2023. For Taiwan, China has been its favorite investment stop for decades. China imports electronic components or precision machine tools from Taiwan, assembles them and exports the finished products to global markets. China may respond to a DPP victory by putting military and economic pressure on the island, Vest said. In 2022, China retaliated after Pelosi’s visit by banning imports of a range of food products from Taiwan.

Persons: Xi Jinping, Lai Ching, Lai, ”, Charlie Vest, Nancy Pelosi’s, Tsai Ing, Kevin McCarthy, they’re, ” Vest, Mike Kai Chen, Vest, there’s Organizations: Hong Kong CNN, Communist Party, Democratic Progressive Party, US, Taiwan’s Ministry of Economic Affairs, Imports, Hsinchu Science, Bloomberg, Getty, Capital Economics, Taiwan Semiconductor Manufacturing Company, Apple, Foxconn, Analysts, Atlantic Locations: China, Hong Kong, Taiwan, Beijing, Taiwan Strait, California, United States, Europe, Japan, South Korea, “ Taiwan, Hsinchu, Hsinchu Science Park

TAIPEI, Taiwan (AP) — Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election on Saturday, a result that will determine the trajectory of the self-ruled democracy’s contentious relations with China over the next four years. Beijing strongly opposes Lai, the current vice president who abandoned his medical career to pursue politics from the grassroots to the presidency. It's the first time a single party has led Taiwan for three consecutive four-year presidential terms since the first open presidential election in 1996. Its candidate, Hou Yu-ih, also had promised to restart talks with China while bolstering national defense. Evelyn Ni traveled from China especially to get a taste of Taiwan’s election.

Persons: Lai Ching, Lai, Tsai Ing, Hou Yu, Hou, “, I’m, David Chiau, Ko Wen, Ko, Chen Binhua, Beijing wouldn't, ” Chen, Antony Blinken, ” Blinken, Evelyn Ni, Tony Chen, ”, Xi Jinping, Stacy Chen, Gabrielle Reid, Sung Organizations: Democratic, Nationalist, KMT, ih, Taiwan People’s Party, DPP, Cabinet's Taiwan Affairs Office, Biden, Associated Press Locations: TAIPEI, Taiwan, China, Beijing, Japanese, United States, Taipei, Russia, Ukraine, South China

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