Current:Home > StocksRuling-party candidate Lai Ching-te wins Taiwan's presidential election -TradeBridge
Ruling-party candidate Lai Ching-te wins Taiwan's presidential election
View
Date:2025-04-17 17:41:14
Ruling-party candidate Lai Ching-te has emerged victorious in Taiwan's presidential election, and his opponents have conceded after ballots were cast at thousands of polling stations in a tight three-way race.
The result in Taiwan's presidential and parliamentary election will chart the trajectory of relations with China over the next four years. At stake is the peace and stability of the 110-mile-wide strip of water between the Chinese mainland and the self-governed island, which is claimed by China as its own. China had previously called the election a choice between peace and war.
President Biden said Saturday that the United States does not support Taiwan's independence after being asked by reporters about his reaction to the elections as he was leaving the White House.
"We do not support independence," Mr. Biden said.
Lai is the vice president of the island's governing Democratic Progressive Party, or DPP.
Lai, who also goes by the name William Lai, and incumbent President Tsai Ing-wen reject China's sovereignty claims over Taiwan, a former Japanese colony that split from the mainland amid civil war in 1949. They have, however, offered to speak with Beijing, which has repeatedly refused to hold talks and called them separatists. Beijing has strongly opposed Lai's election.
"Every election in Taiwan is significant because of the potential for Beijing reacting in a way that could contribute to further instability in the region," Taipei-based political analyst Michael Cole told CBS News ahead of the election.
U.S. Secretary of State Antony Blinken congratulated Lai on his election win, and congratulated the "Taiwan people for once again demonstrating the strength of their robust democratic system and electoral process."
"The United States is committed to maintaining cross-Strait peace and stability, and the peaceful resolution of differences, free from coercion and pressure. The partnership between the American people and the people on Taiwan, rooted in democratic values, continues to broaden and deepen across economic, cultural, and people-to-people ties," Blinken said.
Mike Johnson, the Speaker of the U.S. House of Representatives, congratulated Lai in a statement released Saturday morning. Johnson had met with Taiwan's ambassador to the U.S., Alexander Yui, and conveyed his support for security and democracy in the region.
Johnson added that he would ask the chairs of relevant House Committees to lead a delegation to Taipei after Lai is inaugurated in May.
Former House Speaker Nancy Pelosi took to X on Saturday to offer congratulations.
Congratulations to President-elect Lai Ching-te & the Taiwanese people on this historic victory which demonstrates the strength of their free & fair elections.
— Nancy Pelosi (@SpeakerPelosi) January 13, 2024
Taiwan's unwavering commitment to peace, freedom & the vibrancy of their democracy remains an inspiration to the world.
Beijing is believed to have favored the candidate from the more China-friendly Nationalist party, also known as Kuomintang, or KMT. Its candidate, Hou Yu-ih, has also promised to restart talks with China while bolstering national defense. He promised not to move toward unifying the two sides of the Taiwan Strait if elected.
The other leading candidate was Ko Wen-je, of the smaller Taiwan People's Party, or TPP. A former mayor of Taipei, he had drawn the support of young people wanting an alternative to the traditional parties, which have largely taken turns governing since the 1990s.
For Tony Chen, a 74-year-old retiree who voted in Taipei in the hour before the polls closed, the election boiled down to a choice between communism and democracy.
"I hope democracy wins," he said. He added that more Taiwanese were open to China's model of governance decades ago, when the Chinese economy was growing by double digits annually, but are repulsed by the crackdown on civil liberties that has occurred under current Chinese President Xi Jinping.
Stacy Chen, 43, said she has always voted for DPP because "Taiwan is an independent country." She said she wanted her son to grow up in a country that is separate from China.
CBS News stringer Joanne Kuo said that she dreads a Chinese takeover of Taiwan and could not live under the ruling of the Chinese Communist Party.
"I don't see how that can fit Taiwanese people's values of democracy, of freedom," Kuo said after voting in the election.
"Hong Kong's experience in recent years is something that the Taiwanese most assuredly do not want for themselves," said Cole, of the International Republican Institute in Taipei, before the election.
Beside the China tensions, domestic issues such as the dearth of affordable housing and stagnating wages have dominated the campaign. Taiwan's economy is estimated to have grown just 1.4% last year. That partly reflects inevitable cycles in demand for computer chips and other exports from the high-tech, heavily trade-dependent manufacturing base, and a slowing of the Chinese economy.
For Ben Wang, 44, the vote was more about altering the dynamic between Taiwan's main opposing parties, the DPP and the KMT. A potential attack by China could not be pre-empted by anything Taiwan would do, he said.
Taiwan's election is seen as having "real and lasting influence on the geopolitical landscape," said Gabrielle Reid, associate director with the global intelligence consultancy S-RM.
"The outcome of the vote will ultimately determine the nature of ties with China relative to the West and will have strong bearing on the state of play in the South China Sea," she said.
- In:
- Taiwan
- Politics
- China
- Tsai Ing-wen
veryGood! (43)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Driver who injured 9 in a California sidewalk crash guilty of hit-and-run but not DUI
- Delta flight with maggots on plane forced to turn around
- 'Blue Bloods' returns for a final season: Cast, premiere date, where to watch and stream
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Gwen Stefani receives massive emerald ring for Valentine's Day from Blake Shelton
- Hilary Duff’s Husband Matthew Koma Shares Hilarious Shoutout to Her Exes for Valentine’s Day
- 'I just went for it': Kansas City Chiefs fan tackles man he believed opened fire at parade
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Angela Chao, shipping business CEO and Mitch McConnell’s sister-in-law, dies in Texas
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Greece becomes first Orthodox Christian country to legalize same-sex civil marriage
- Florida deputy mistakes falling acorn for gunshot, fires into patrol car with Black man inside
- Lawsuits ask courts to overturn Virginia’s new policies on the treatment of transgender students
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- North Carolina lawmakers say video gambling machine legislation could resurface this year
- Jury convicts Iowa police chief of lying to feds to acquire machine guns
- Hilary Duff’s Husband Matthew Koma Shares Hilarious Shoutout to Her Exes for Valentine’s Day
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Russia court sentences American David Barnes to prison on sexual abuse claims dismissed by Texas authorities
Daytona 500 starting lineup set after Daytona Duels go to Christopher Bell, Tyler Reddick
Daytona 500 starting lineup set after Daytona Duels go to Christopher Bell, Tyler Reddick
Tom Holland's New Venture Revealed
Matthew Morrison Reveals He Was Quitting Glee Before Cory Monteith's Death
First nitrogen execution was a ‘botched’ human experiment, Alabama lawsuit alleges
Delay tactics and quick trips: Takeaways from two Trump case hearings in New York and Georgia