Index Investing News
Sunday, May 11, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

People of Taiwan don’t want war with Beijing – so why did they elect a pro-independence ‘president’? — RT World News

by Index Investing News
January 14, 2024
in World
Reading Time: 7 mins read
A A
0
Home World
Share on FacebookShare on Twitter


The outcome is certainly a boon for the US, allowing it to continue its campaign of pressure on China

In the heart of the Asia-Pacific, the self-governing island of Taiwan – formally the Republic of China (ROC) – finds itself at the crossroads of history and geopolitics once again as it rides the wake of a pivotal presidential election.

While important not only for the domestic future of Taiwan’s people and a major global issue, this election saw the emergence of a major third party, showing that the region’s political landscape is evolving and that locals are looking to escape the two-party duopoly that is consistently cast every cycle as a vote between “war and peace,” as New Taipei Mayor Hou Yu-ih from the Kuomintang party (KMT) described it.

The victory of Lai Ching-te, leader of the pro-independence Democratic Progressive Party (DPP), the party of outgoing President Tsai Ing-wen, appears to be a strategic win for the US and the collective West – at least at a first glance. But delving deeper, the election – in which Lai received a plurality of votes (just over 40%) and not a majority – reflects deeper frustrations locals have with their livelihoods and the fact that they do not take the DPP’s overtures toward formal independence from Beijing that seriously.

At the heart of Taiwan’s political discourse lies the complex tapestry of identity politics. The island has long grappled with its historical ties to mainland China and the question of independence. President Tsai Ing-wen, the incumbent who could no longer seek re-election but whose policies will endure with Lai, has been a staunch advocate for Taiwan’s sovereignty, emphasizing the island’s separate identity and pushing back against Beijing’s claims of reunification.

Lai’s main opponent, Hou, however, echoed a more conciliatory approach. Indeed, the KMT has long been the party willing to play ball with Beijing, tone down the rhetoric, and make concessions. It was the KMT that helped establish the island’s current status quo through the so-called 1992 consensus, which saw both sides of the Taiwan Strait agree to the One China principle but differ on their definition of China – i.e., the ROC or the People’s Republic of China (PRC).

In 2022, the KMT had a strong showing in the local elections that prompted Tsai Ing-wen to step down as DPP chairwoman. The newly elected officials from the nationalist party vowed to step up cross-strait exchanges with the mainland in hopes of cooling tensions and undermining the DPP’s use of the “China threat” in this year’s election.


The specter of reunification, which the KMT embraces under the vision of “One Country, Two Systems,” the underpinning idea put forward by former Chinese leader Deng Xiaoping that maintains the status quo for Hong Kong and Macau, raises questions about the potential impact on Taiwan’s unique cultural and political identity. 

But, importantly, the last pre-election survey on the topic of reunification by Taiwan’s Mainland Affairs Council in October 2023 found that more than 60% of voters support the current status quo of the island’s undetermined political status. Not only would people prefer to neither seek formal independence (almost certainly triggering war with mainland China) or reunification, but it appears they don’t even think a change in the status quo will actually happen, chalking it up as just hype, and are instead focused on other issues.

To name a few: In 2023, Taiwan’s economy, dependent on exports, was estimated to have grown at its slowest pace in eight years – just 1.61% – on the back of weakening global demand for its high-tech products. The monthly median wage in Taiwan was $1,386 in 2022, far lower than the other Asian Tiger economies, which include South Korea ($1,919), Hong Kong ($2,444), and Singapore ($3,776). Additionally, Taiwan is facing an acute housing crisis. As of November 2023, public housing only constituted 0.2% of all residential units in Taiwan, which was far below other developed economies, statistics from the Organization for Economic Cooperation and Development show.

It is for these exact reasons that Taiwan People’s Party (TPP) candidate Ko Wen-je put on a strong showing, upsetting both sides of the “China threat” debate, which he mostly ignored in favor of pressing domestic issues.

But even if people voted along the issues that impact their daily lives the most, it is undeniable that Taiwan’s geopolitical position places it in the midst of a turbulent region, with simmering tensions between the US and China.

The strategic importance of Taiwan in the broader Indo-Pacific region cannot be overstated. As the US reaffirms its commitment to Taiwan’s defense, even sending an immediate delegation to congratulate the winner of the election, it is guaranteed that tensions – even if short of full-scale war – will flare.


US to send delegation to Taiwan – reports

Beyond the confines of the Taiwan Strait, the election is also a battleground for global influence. With the advent of the Covid-19 pandemic and the disruption of the cyclical semiconductor manufacturing industry, the world saw how strategically important the raw materials and production of chips are. This prompted a high-tech trade war between Washington and Beijing, pulling in various countries, including several in the EU that use US-patented technology, and brought the Taiwan issue to the fore.

A DPP victory means that this spat will likely escalate, and probably to the detriment of locals, as trade with the mainland has continually suffered since Tsai’s election in 2016. It could also see the further implementation of the “porcupine defense strategy” for Taiwan, wherein the island arms itself to the teeth in hopes of deterring aggression from the mainland. Further arms deals are certain to be in the works.

Starting this year, 2024, it is also important to recognize that President Tsai had already extended mandatory military service for young men from four months to one year. According to reports from CNN last year, Taiwan’s military training is woefully outdated, and, given the sense of apathy many young people have toward the very idea of a conflict with the mainland, it is clear that the island would not be able to mobilize a fighting force to withstand an offensive from Beijing. This is one of the primary reasons it can be surmised that even with US support, the DPP could never achieve formal independence for Taiwan.

The presidential election in Taiwan is not merely a domestic affair; it is a microcosm of the broader geopolitical struggles defining the 21st century. There has been immense foreign pressure surrounding the island’s election, principally from the US, and yet still, it was clear that political openings presented themselves for people who reject the notion of their island as one square on a chessboard. Though Washington has “its man” firmly in power, it is not enough to fundamentally change the current of global affairs and the reality of a waning unipolar hegemon in the US.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.



Source link

Tags: BeijingDontelectNewspeoplePresidentproindependenceTaiwanwarWorld
ShareTweetShareShare
Previous Post

JPMorgan Chase sees 8% increase in expenses in ’24 on expansion, inflation, tech (JPM)

Next Post

Bitcoin could reach $1 million after spot ETF approvals, says blockchain expert By Investing.com

Related Posts

Israeli protesters in Tel Aviv demand an finish to struggle on Gaza | Israel-Palestine battle Information

Israeli protesters in Tel Aviv demand an finish to struggle on Gaza | Israel-Palestine battle Information

by Index Investing News
May 10, 2025
0

1000's collect demanding an finish to the struggle and the discharge of Israeli captives in Gaza.1000's of Israelis rallied in...

Pope Leo XIV lays out imaginative and prescient for his papacy in first formal viewers

Pope Leo XIV lays out imaginative and prescient for his papacy in first formal viewers

by Index Investing News
May 10, 2025
0

Leo made clear he'll comply with within the modernizing reforms of his predecessor, Pope Francis. ROME, Italy — Pope Leo...

‘We are able to do higher’ for pedestrian and bike owner security worldwide — World Points

‘We are able to do higher’ for pedestrian and bike owner security worldwide — World Points

by Index Investing News
May 11, 2025
0

These are the precise form of city initiatives which the UN World Street Security Week – kicking off on Monday...

Russia readies launch of long-range ballistic missile

Russia readies launch of long-range ballistic missile

by Index Investing News
May 10, 2025
0

Russia has issued a brief closure of airspace over its Kapustin Yar missile check vary, elevating issues of a possible...

Watch shock second couple cheat loss of life as they fall off 5,000ft mountain whereas taking dangerous shortcut to keep away from queue

Watch shock second couple cheat loss of life as they fall off 5,000ft mountain whereas taking dangerous shortcut to keep away from queue

by Index Investing News
May 10, 2025
0

THIS is the heart-stopping second a pair cheats loss of life after they come inches from tumbling down an enormous...

Next Post
Bitcoin could reach  million after spot ETF approvals, says blockchain expert By Investing.com

Bitcoin could reach $1 million after spot ETF approvals, says blockchain expert By Investing.com

Erik ten Hag: Gary Neville says Man Utd manager will be ‘vulnerable’ if playing style fails to develop within months | Football News

Erik ten Hag: Gary Neville says Man Utd manager will be 'vulnerable' if playing style fails to develop within months | Football News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Netflix, Procter & Gamble, Johnson & Johnson report leads to holiday-shortened week

Netflix, Procter & Gamble, Johnson & Johnson report leads to holiday-shortened week

January 18, 2025
Judge certifies Johnson & Johnson shareholder class action over talc disclosures By Reuters

Judge certifies Johnson & Johnson shareholder class action over talc disclosures By Reuters

December 29, 2023
Marcus Stroman goes full Kanye with insane conspiracy theories

Marcus Stroman goes full Kanye with insane conspiracy theories

October 30, 2022
Tacoma man on the run in ‘probate for revenue’ scheme, AG’s workplace says

Tacoma man on the run in ‘probate for revenue’ scheme, AG’s workplace says

March 16, 2025
Prime 5 NYC Retail Constructing Gross sales—November 2024

Prime 5 NYC Retail Constructing Gross sales—November 2024

December 28, 2024
Doctors Will Try to Reattach Woman’s Leg After She Loses It in Horrific Moving Walkway Accident

Doctors Will Try to Reattach Woman’s Leg After She Loses It in Horrific Moving Walkway Accident

June 30, 2023
Episode #479: Jim Chanos & Bethany McLean on Regulators, Enron, Earnings Adjustments, & The Golden Age of Fraud – Meb Faber Research

Episode #479: Jim Chanos & Bethany McLean on Regulators, Enron, Earnings Adjustments, & The Golden Age of Fraud – Meb Faber Research

May 4, 2023
Prince Andrew’s £17m Swiss chalet ‘cleared out’ as removing vans noticed outdoors flash pad he was ‘pressured to dump’

Prince Andrew’s £17m Swiss chalet ‘cleared out’ as removing vans noticed outdoors flash pad he was ‘pressured to dump’

June 9, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In