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☆ 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

☆ Nauru's Decision to Break Ties With Taiwan 'Unfortunate' - US Official
▼ + stars: | 2024-01-15 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

(Corrects dateline location to Taipei, not Beijing)TAIPEI (Reuters) - The U.S. official who heads the body that handles unofficial ties with Taiwan said on Tuesday that Nauru's decision to break ties with Taiwan was "unfortunate." On Monday, the Pacific Islands nation of Nauru said it was breaking ties with Taiwan in favour of China, in what Taipei called a clear act of post-election maliciousness by Beijing. "We encourage all countries to engage with Taiwan," Laura Rosenberger, chair of the Virginia-based American Institute in Taiwan (AIT), told reporters in Taipei. In the poll's run-up, China, which claims Taiwan as its own territory, had repeatedly called him a dangerous separatist. (This story has been corrected to fix the dateline location to Taipei, not Beijing)(Reporting by Ben Blanchard; Editing by Christian Schmollinger)

Persons: Laura Rosenberger, Democratic Progressive Party's, Lai Ching, Ben Blanchard, Christian Schmollinger Organizations: U.S, American Institute, Democratic Progressive Locations: Taipei, Beijing, TAIPEI, Taiwan, Nauru, China, Virginia

☆ CNBC Daily Open: Big Bank earnings point to a grim season
▼ + stars: | 2024-01-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineFourth-quarter earnings have officially begun with four of Wall Street's top six banks reporting rather bleak results. JPMorgan Chase, the biggest U.S. bank by assets, paid a sizeable fee linked to the government seizures associated with regional banking crisis last March, which impacted its earnings. Citigroup has lagged its Wall Street peers since the 2008 financial crisis and remains the lowest valued among the top six banks.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Win Mcnamee, Jane Fraser's, Kurt Rankin, Lai Ching, Lai Organizations: Bank of America, JPMorgan, Citigroup, CNBC, Federal Reserve, PNC, Voters, Democratic Progressive Party Locations: Hart, Washington , DC, U.S, Asia, China, Taiwan

☆ 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

HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024. The airline and other travel-related companies were also hurt by a rise in oil prices, which put pressure on their fuel costs. A barrel of benchmark U.S. crude oil rose 10 cents to $72.78.

Persons: Zhaopeng Xing, Raymond Yeung, “, Ernie, Baidu, Lai Ching, Lai, Taiwan’s Taiex, Australia’s, It's, Yemen’s Houthi, Brent Organizations: ANZ, Baidu, Democratic Progressive Party, Dow Jones, UnitedHealth Group, Nasdaq, Federal Reserve, Treasury, Traders, Fed, Delta Air Lines, United Airlines, Cruise Line Holdings, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, China, 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

☆ 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, ”

☆ 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

In 2014, when Lai Ching-te was a rising political star in Taiwan, he visited China and was quizzed in public about the most incendiary issue for leaders in Beijing: his party’s stance on the island’s independence. His polite but firm response, people who know him say, was characteristic of the man who was on Saturday elected president and is now set to lead Taiwan for the next four years. Mr. Lai was addressing professors at the prestigious Fudan University in Shanghai, an audience whose members, like many mainland Chinese, almost certainly believed that the island of Taiwan belongs to China. Mr. Lai said that while his Democratic Progressive Party had historically argued for Taiwan’s independence — a position that China opposes — the party also believed that any change in the island’s status had to be decided by all its people. The party’s position “had been arrived at through a consensus in Taiwanese society,” Mr. Lai said.

Persons: Lai Ching, Lai, “, ” Mr Organizations: Saturday, Fudan University, Democratic Progressive Party Locations: Taiwan, China, Beijing, Shanghai

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

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

☆ 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

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

TAIPEI, Taiwan (AP) — Lai Ching-te, Taiwan’s president-elect, has vowed to safeguard the island’s de-facto independence from China and further align it with other democracies. Lai, 64, emerged victorious in the election Saturday on the island of 23 million people that China claims as its own. He is currently vice president with the Democratic Progressive Party, which has rejected China’s sovereignty claims over Taiwan. Lai has vowed to strengthen the island’s defense and economy, which depends heavily on trade with China. As vice president, Lai helped promote Taiwan’s interests internationally.

Persons: — Lai Ching, Lai, ”, Lai Ching, Sung, Joe Biden, Camp David, Antony Blinken, Mike Johnson, ” Lai, Tsai Ing, Bi, Hsiao, Shinzo Abe, ___ Adam Schreck, Seung Min Kim Organizations: Democratic Progressive Party, Atlantic Council, America, White, Camp, Street, Harvard, U.S . Locations: TAIPEI, Taiwan, China, Taiwan Strait, Beijing, New York, San Francisco, Paraguay, U.S, People’s Republic of China, Maryland, Taipei, Ukraine, Tainan, United States, Japan, Bangkok, Washington

☆ 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 is China's Taiwan': Beijing says Taiwan's ruling party is not representative of popular opinion
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: 1 min

TAIPEI — China dismissed the outcome of Taiwan's Saturday elections, saying its ruling Democratic Progressive Party does not represent mainstream public opinion after it failed to win a majority in the presidential and legislative votes. "Taiwan is China's Taiwan," Chen Binhua, the spokesperson for the Taiwan Affairs Office of the State Council, said on Saturday after DPP's Lai Ching-te emerged as the winner of the self-governing island's presidential contest with more than 40% of the popular vote. "This election cannot change the basic pattern and the development of cross-Strait relations, nor can it change the common desire of compatriots on both sides of the Taiwan Strait to draw closer," Chen added, according to a CNBC translation of a report from Xinhua, the official state news agency.

Persons: Chen Binhua, DPP's Lai Ching, Chen Organizations: Democratic Progressive Party, Taiwan Affairs Office, State Council, CNBC Locations: TAIPEI, China, Taiwan, Xinhua

☆ 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

☆ 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

The Taiwanese presidential candidate Lai Ching-te has for years been reviled by China’s Communist Party as a dangerous foe who, by its account, could drag the two sides into a war by pressing for full independence for his island democracy. Right up to Saturday, when millions of Taiwanese voted for their next president, an official Beijing news outlet warned that Mr. Lai could take Taiwan “on a path of no return.”Yet, despite China’s months of menacing warnings of a “war or peace” choice for Taiwan’s voters, Mr. Lai was victorious. Mr. Lai, currently Taiwan’s vice president, secured 40 percent of the votes in the election, giving his Democratic Progressive Party, or D.P.P., a third term in a row in the presidential office. No party has achieved more than two successive terms since Taiwan began holding direct, democratic elections for its president in 1996. gathering outside its headquarters in Taipei, thousands of supporters, many waving pink and green flags, cheered as Mr. Lai’s lead grew during the counting of the votes, which was displayed on a large screen on an outdoor stage.

Persons: Lai Ching, Lai, Lai’s Organizations: China’s Communist Party, Democratic Progressive Party, Taiwan Locations: Beijing, Taiwan, Taipei

☆ China Failed to Sway Taiwan’s Election. What Happens Now?
▼ + stars: | 2024-01-13 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

China’s leader, Xi Jinping, has tied his country’s great power status to a singular promise: unifying the motherland with Taiwan, which the Chinese Communist Party sees as sacred, lost territory. A few weeks ago, Mr. Xi called this a “historical inevitability.”But Taiwan’s election on Saturday, handing the presidency to a party that promotes the island’s separate identity for the third time in a row, confirmed that this boisterous democracy has moved even further away from China and its dream of unification. After a campaign of festival-like rallies, where huge crowds shouted, danced and waved matching flags, Taiwan’s voters ignored China’s warnings that a vote for the Democratic Progressive Party was a vote for war. They made that choice anyway. Lai Ching-te, a former doctor and the current vice president, who Beijing sees as a staunch separatist, will be Taiwan’s next leader.

Persons: Xi Jinping, Xi, Lai Ching, It’s Organizations: Chinese Communist Party, Democratic Progressive Party Locations: Taiwan, China, Beijing

☆ Taiwan has chosen its new president. What’s at stake and how might China respond?
▼ + stars: | 2024-01-12 | by ( Nectar Gan | Wayne Chang | ) edition.cnn.com time to read: +7 min

The world was watching to see not only who won the election, but how democratic Taiwan’s authoritarian neighbor will respond. China’s ruling Communist Party views Taiwan as part of its territory, despite having never controlled it. In an initial response, Chen Binhua, spokesperson for China’s Taiwan Affairs Office said Taiwan’s presidential election result “will not change the basic layout and course of development in cross-strait relations.”“Taiwan is China’s Taiwan,” he said. Taiwan's Vice President and presidential candidate of the ruling Democratic Progressive Party (DPP) Lai Ching-te speaks during a campaign rally in Keelung on January 8, 2024. In August 2022, China staged massive war games around Taiwan to show its displeasure with then-US House Speaker Nancy Pelosi’s visit to Taipei.

Persons: Lai Ching, Xi, China’s, ” Xi, ”, Amanda Hsiao, ” Hsiao, Lai, Chen Binhua, Hwa Cheng, “, Wen, doesn’t, Hsiao, Nancy Pelosi’s, Lai’s, Yuan Organizations: CNN, Democratic Progressive Party, DPP, Party, Taiwan, Communist, International Crisis, Taiwan Affairs Office, Getty, China’s Taiwan Affairs, Atlantic, US Locations: China, Beijing, Taiwan, Taipei, United States, Japan, Keelung, AFP, ” Beijing, “, South, Washington

☆ White House prepares for Taiwan presidential elections and 'period of higher tension'
▼ + stars: | 2024-01-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders' week in Woodside, California, Nov. 15, 2023. A senior Chinese liaison to Taiwan warned recently that Saturday's election would be a choice between "peace and war." Depending on the outcome, they could also trigger an increase in Chinese military activity in and around the island. Taiwan has reported myriad attempts by the Chinese government to influence the election via disinformation campaigns, cyberattacks and economic coercion. These meetings build on President Joe Biden's November one-on-one with Chinese President Xi Jinping in San Francisco, which aimed to end the bitter freeze that has characterized recent U.S.-China relations.

Persons: Joe Biden, Xi Jinping, Biden, Washington, Lai Ching, Hou Yu, Ko Wen, Jon, Joe Biden's, Xi, Taiwan's Organizations: Economic Cooperation, U.S ., Democratic Progressive Party, U.S, ih, Pentagon, National, White House Locations: Asia, Woodside , California, Taiwan, China, Beijing, U.S, United States, Washington, Taipei, San Francisco

☆ The Point - The New York Times
▼ + stars: | 2024-01-11 | by ( Patrick Healy | ) www.nytimes.com time to read: +3 min

Chinese officials had strongly warned Taiwanese voters not to choose as their next president Lai Ching-te, a Harvard-educated doctor whom it detests as a separatist. China cautioned that the election of Lai could lead to war in the Taiwan Strait, and it interfered in the election to try help Lai’s rivals. Taiwan’s voters took that all in and then did what mainland Chinese can’t do openly: They defied President Xi and elected Lai as president. They have made “China’s reunification” a nightmare to most Taiwanese voters. I lived in Taiwan in the 1980s, studying Chinese, and have been here countless times since.

Persons: Xi Jinping, Lai Ching, Lai, Xi, Tsai Ing, Jinping, Hsiao Organizations: Harvard, People Liberation Army Locations: Taiwan, China, Taiwan Strait, Hong Kong, New Jersey, United States

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ A war over Taiwan would be even more damaging to the US economy than COVID was, Bloomberg forecasts
▼ + stars: | 2024-01-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A war over Taiwan could wipe out 6.7% from the US economy in its first year, according to a Bloomberg Economics analysis. AdvertisementThe US economy could take a major hit if war breaks out over Taiwan, according to a Bloomberg Economics analysis published on Tuesday. US GDP could take a 6.7% hit in the first year of conflict if Washington gets drawn into the war, Bloomberg forecasts. AdvertisementOverall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecasts. Bloomberg Economics' analysis is based on geopolitical considerations and economic modeling.

Persons: —, Xi Jinping, William Lai Ching, Lai, Vishnu Varathan Organizations: Bloomberg, Service, Democratic Progressive Party, Mizuho Bank Locations: Taiwan, China, Washington, South Korea, Japan, Beijing, Asia

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