Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

World

Taiwan voters dismiss China warnings and hand ruling party a historic third consecutive presidential win

by January 14, 2024
January 14, 2024
Taiwan voters dismiss China warnings and hand ruling party a historic third consecutive presidential win

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.

Lai Ching-te, Taiwan’s current vice president, declared victory on Saturday evening while his two opposition rivals both conceded defeat.

“This is a night that belongs to Taiwan. We managed to keep Taiwan on the map of the world,” Lai told thousands of jubilant supporters at a rally after his win.

“The election has shown the world the commitment of the Taiwanese people to democracy, which I hope China can understand,” he added.

China responded soon after the vote by saying “Taiwan is part of China.”

Lai’s running mate Hsiao Bi-khim, who recently served as Taiwan’s top envoy to the United States, was elected Vice President.

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%. More than 14 million people took part, meaning that voter turnout came in at just over 71%.

The boisterous election campaign, an illustration of Taiwan’s vibrant democratic credentials, was fought over a mixture of livelihood issues as well as the thorny question of how to deal with its giant one-party state neighbor, China, which under leader Xi Jinping has grown more powerful and bellicose.

The result shows voters backing the DPP’s view that Taiwan is a de facto sovereign nation that should bolster defenses against China’s threats and deepen relations with fellow democratic countries, even if that means economic punishment or military intimidation by Beijing.

It is also a further snub to eight years of increasingly strongarm tactics towards Taiwan under Xi who has vowed that the island’s eventual “reunification” with the mainland is “a historical inevitability”.

Following Taiwan’s election result, a spokesperson for China’s Ministry of Foreign Affairs said no matter “whatever changes take place in Taiwan, the basic fact that there is only one China in the world and Taiwan is part of China will not change.”

The spokesperson continued: “The one-China principle is the solid anchor for peace and stability in the Taiwan Strait. We believe that the international community will continue to adhere to the one-China principle and understand and support the Chinese people’s just cause of opposing ‘Taiwan independence’ separatist activities and striving to achieve national reunification.”

A spokesperson for China’s Taiwan Affairs Office earlier insisted the election result “does not represent the mainstream view on the island.”

Other world powers have congratulated Lai, with US Secretary of State Antony Blinken saying the vote demonstrated “the strength of [Taiwan’s] robust democratic system and electoral process.”

Like outgoing president Tsai Ing-wen, who cannot stand again because of term limits, Lai is openly loathed by China’s Communist Party leaders and his victory is unlikely to lead to any improvement in ties between Beijing and Taipei.

China cut off most communications with Taipei after Tsai took office and ramped up diplomatic, economic and military pressure on the self-ruled island, turning the Taiwan Strait into one of the world’s major geopolitical flash points.

China’s ruling Communist Party views Taiwan as part of its territory, despite having never controlled it. While successive Chinese Communist leaders have vowed to eventually achieve “reunification,” Xi has repeatedly said the Taiwan issue “should not be passed down generation after generation,” linking the mission to his mid-century goal of “national rejuvenation.”

The DPP emphasizes that Taiwan is not subordinate to the Chinese Communist Party, and that its future Taiwan must only be decided by its 23.5 million people.

In the run up to Saturday’s vote, Beijing warned Taiwan’s voters to “make the right choice” and “recognize the extreme danger of Lai Ching-te’s triggering of cross-strait confrontation and conflict.”

His running mate Hsiao has been sanctioned twice by China for being a “stubborn secessionist.”

Speaking to the media ahead of his victory speech on Saturday night, Lai called his win a “victory for the community of democracies.”

“We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy,” he said.

“I will act in accordance with our democratic and free constitutional order in a manner that is balanced and maintains the cross-strait status quo,” he added. “At the same time, we are also determined to safeguard Taiwan from continuing threats and intimidation from China”.

“In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait,” he added.

Blow for Beijing

Lai’s victory comes as the US is trying to stabilize fraught relations with China and prevent competition from veering into conflict. During Tsai’s administration, Taiwan bolstered ties with the United States, its biggest international backer, which increased support and arms sales to the island.

US officials have said that Washington will uphold its longstanding policy toward Taiwan no matter who takes on the top job. The Biden administration will dispatch an unofficial delegation – including former senior officials – to Taipei following the election in keeping with past practice, according to senior officials.

The delegation visit “will be a signal, a very symbolic way of supporting Taiwan,” said T.Y. Wang, a professor at Illinois State University.

Saturday’s result is another major blow for Taiwan’s Kuomintang, which back warmer relations with Beijing and have not held the presidency since 2016.

Beijing made little secret of its desire to see the KMT return to power. During campaigning the KMT accused Lai and the DPP of needlessly stoking tensions with China.

Lev Nachman, a political science professor at Taiwan’s National Chengchi University, said that while Lai has to make some economic adjustments given deep public grievances over low wages and unaffordable housing, on issues like foreign policy and cross-strait relations he is expected to largely follow Tsai’s approach.

“So much of (Lai’s) campaign has been trying to reassure not just a domestic audience, but international audience that he is Tsai Ing-wen 2.0,” he said.

That will not be welcome in Beijing.

Days before the election, China’s Taiwan Affairs Office said by following Tsai’s path, Lai is pursuing a path of provocation and confrontation and will bring Taiwan “closer and closer to war and recession.”

Analysts say China could escalate economic and military pressure on Taiwan to show its displeasure in the coming days and weeks, or save a more forceful response for May, when Lai takes office.

“There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

And Beijing has a wide range of coercive measures in its toolbox too.

In the lead-up to the vote, China ended preferential tariffs for some Taiwanese imports under a free trade agreement. It could broaden the scope of goods targeted, or even suspend the agreement altogether.

China can also further ramp up its military pressure on Taiwan, sending more fighter jets and warships close to the island’s skies and waters, a tactic it has deployed with increased frequency in recent years.

But Taiwan’s security officials said ahead of the vote that they didn’t expect large-scale military actions from China right after the election, citing unsuitable winter weather conditions, troubles in the Chinese economy, and efforts by Beijing and Washington to stabilize ties following a bilateral summit in November.

And while an escalation of military tension could increase the risks of accidents and miscalculations, it doesn’t necessarily portend an imminent conflict in the Taiwan Strait, analysts noted.

“Just because the DPP is in power doesn’t mean China’s going to war,” said Nachman.

“The last eight years have obviously been uncomfortable with the DPP in power, but it hasn’t led to war, they’ve been able to find an uncomfortable middle ground. And the hope is that even with a Lai presidency that we can continue to have this sort of uncomfortable silence without having to go to war.”

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
At least 34 dead in Colombia landslides
next post
A conductor invited refugees who’d never played instruments to join his orchestra. It changed his life

Related Posts

World must learn from Bosnian war in dealing...

September 21, 2023

The war has forced Israel’s Arab citizens to...

October 21, 2023

Ukraine’s election day dawns with no vote in...

March 31, 2024

Scientists discover 100 potential new deep-sea species, including...

March 12, 2024

Hurricane Lee lashing Bermuda before striking coastal New...

September 15, 2023

Chinese celebrity chef vows to never cook egg...

November 30, 2023

Israel’s allies fear it could be walking into...

October 26, 2023

Russia is covering aircraft with car tires, potentially...

September 9, 2023

Japanese family says young doctor took his life...

August 24, 2023

Russia destroys Ukrainian drones including over Moscow, defense...

November 27, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Five-foot Toy Story 3 bear draws the crowds at Costco’s first store in ‘China’s Silicon Valley’

      January 15, 2024
    • 3

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 4

      New York Dem backtracks after calling for Trump to be ‘eliminated’

      November 21, 2023
    • 5

      Multiple New Multi-Commodity Targets

      May 12, 2025
    • 6

      Acceleration of RAD204 Phase 1 dose escalation trial

      May 12, 2025
    • 7

      Top 10 Tungsten-p​roducing Countries (Updated 2024)

      May 15, 2024

    Categories

    • Business (1,006)
    • Investing (2,013)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,307)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved