Latest News

Taiwan votes for a new president against a backdrop of growing China threats

Taiwan goes to the polls on Saturday in a closely watched election that could reverberate far beyond its shores after years of growing threats from Beijing, which warned this week the island’s future is at a “crossroads.”

The self-governing island of 24 million people will choose both a new president and parliament at a time of heightened tension with China, which under leader Xi Jinping has become much more powerful – and increasingly belligerent toward Taiwan.

The boisterous election campaign, itself an illustration of Taiwan’s vibrant democratic credentials, has been fought over a mixture of livelihood issues as well as the thorny question of how to deal with its authoritarian neighbor to the northwest.

China’s ruling Communist Party claims Taiwan as its territory, despite having never controlled it. And Xi has called Taiwan’s unification with the mainland “a historical inevitability.”

The results, expected to come Saturday night, will not only decide Taiwan’s future, but could also reshape its relations with Beijing and pose a test to the latest efforts by the United States and China to stabilize rocky ties.

Beijing, which routinely sends fighter jets and warships close to Taiwan’s skies and waters, has framed the vote as a choice between “peace and war, prosperity and decline.” On Wednesday, it warned Taiwan’s voters to “make the right choice at the crossroads of cross-strait relations” while railing against the Democratic Progressive Party (DPP), which has won Taiwan’s last two presidential elections.

In the final days leading up to the vote, candidates toured major cities around the island to stage nightly campaign rallies, featuring rock music, emotional speeches and the rhythmic chanting of slogans by large crowds.

Three men with different visions

Three men are vying to succeed President Tsai Ing-wen, the island’s first female leader.

Over the last eight years, Tsai has raised Taiwan’s global profile, strengthened its ties with democratic powers and pursued progressive policies at home, including making Taiwan the first place in Asia to legalize same-sex marriage – though her party has also come under criticism over economic issues.

Relations with China nosedived after Beijing cut off most communications with Taipei in response to her 2016 election win, and further stepped up economic and military pressure following her landslide re-election four years later.

Tsai’s current vice president, Lai Ching-te, is hoping to win a third term for the ruling DPP, which champions Taiwan’s de-facto sovereignty and separate identity from China. That would be unprecedented in the island’s nearly three decades of democratic history and represent a further rejection by Taiwanese voters of Beijing’s strongarm tactics.

Hou Yu-ih, a mayor and former police chief, is the candidate for the main opposition party Kuomintang (KMT), which traditionally favors closer cross-strait ties. A victory for the KMT would be welcome to Beijing and signal that voters might want to deescalate tensions.

The third contender, Ko Wen-je, hails from the Taiwan People’s Party (TPP), which he founded in 2019 to challenge the island’s political duopoly. Ko also favors closer ties with China but says he will be less deferential to Beijing than the KMT.

The race is tight. Final polls before the 10-day blackout period showed Lai had a slight edge over Hou, followed by Ko.

Beijing, which openly loathes the DPP and Lai and favors a win by the KMT’s Hou, has stepped up pressure on Taiwan ahead of the vote.

It slapped sanctions on Taiwanese exports, flew spy balloons over the island, and showed off a new aircraft carrier, the Fujian, named after the mainland province closest to Taiwan.

Taipei has also accused Beijing of ramping up disinformation campaigns and magnifying talking points favorable to China-friendly candidates as part of its election interference.

China has long used a mixture of carrot and stick to woo Taiwan but over the last eight years it has mostly been stick. That increasingly bellicose stance – and the country’s authoritarian turn under Xi – has pushed Taiwan’s public further away: Less than 10% now support an immediate or eventual unification, and less than 3% identify primarily as Chinese.

A 33-year-old writer, who only gave his surname Tsang, said he cared the most about cross-strait relations and Taiwan’s democratic values.

But relations with China is not the only thing on Taiwan voters’ minds.

Despite the growing threats from Beijing, some people, especially younger voters, say China is not their biggest concern in this election – because they don’t think the status quo will change in the short term anyway, despite Xi’s rhetoric.

Instead, they care more about the economy and livelihood issues, from Taiwan’s notoriously stagnant wages to its unaffordable homes.

Analysts say that is an area where the TPP – which advertises itself as a “pragmatic” “middle-way” party – has attracted young voters.

“The leaders often say that our economy has improved. But we really don’t feel that on a local level,” a transport sector worker and father of two children surnamed Wu said at a TPP rally Thursday.

“What we see is that housing prices and cost of living have been going up, so people have to be really careful about how they spend their money,” he added.

The whole island has been on the move since Friday – Taiwan doesn’t allow absentee ballots, meaning voters must travel to their home counties to cast their ballots.

Almost all high-speed train tickets leaving Taipei for the southern part of the island during daytime Friday and Saturday have been sold out days in advance.

Some voters have also traveled back from overseas.

Dan Chang, 36, who works in finance in Hong Kong, flew to back to Taipei on Friday. For him, the most important issue is Taiwan’s sovereignty – he never trusted China, and Beijing’s crackdown on Hong Kong has only strengthened his belief, he said.

“If Taiwan didn’t have China as a neighbor today, I might not be so motivated to go back and vote,” he said.

This post appeared first on cnn.com

You May Also Like

Investing

2023 was a relatively lackluster year, silver largely traded on volatility between US$22 and US$25 per ounce. The white metal started 2024 with less...

Latest News

Dong’s experience, both as head of the People’s Liberation Army Navy (PLAN) as well as operational assignments in the Chinese military’s Eastern and Southern...

Investing

The US was one of the world’s top silver producers in 2023, recording output of 1,000 metric tons (MT). While that’s far below first-place...

Investing

The Canadian pharmaceutical market is the eighth largest in the world and accounts for 2.2 percent of the global prescription drug market. But what...

Disclaimer: GreatWallStreetPublisher.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 © 2024 GreatWallStreetPublisher.com

Exit mobile version