๐ŸŒ Taiwanese election results


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Hi Intriguer. When I visited Taiwan in July last year for a wargaming exercise, I was blown away by three things.

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The first was the superiority of Taiwanโ€™s pineapple cakes. The second was Taiwanโ€™s ability to pump out 90% of the worldโ€™s advanced semiconductor chips. And the third was how certain everyone seemed about the ruling DPP winning a third term at the 2024 presidential election.

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One taxi driver told me that just ten years ago, some Taiwanese still felt optimistic about peacefully coexisting with China under President Xi, but thatโ€™s now changed because of Xiโ€™s โ€œflexingโ€.

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I think this weekendโ€™s presidential results showed just how determined Taiwan is to chart its own course. Letโ€™s dig into it for our top story today.

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– Helen Zhang, Co-Founder

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Was this forwarded to you? We’re a team of ex-diplomats producing a concise and engaging geopolitical briefing for 85k+ leaders each day. Itโ€™s free to subscribe.

TODAYโ€™S NEWS

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Davos kicks off. Political and business elites (and our very own Helen) are gathering in the Swiss town of Davos for this weekโ€™s World Economic Forum meeting. A survey of 60-plus chief economists released in conjunction with Davos claims over 50% believe global economic conditions will weaken this year.

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Chinaโ€™s central bank holds firm. The Peopleโ€™s Bank of China has left a key interest rate unchanged, defying expectations of a first cut since last August. Chinaโ€™s financial authorities are potentially worried about cutting interest rates too quickly and weakening the yuan against a strong USD.

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Republican Iowans to vote amid a storm. Former President Donald Trump is widely expected to win todayโ€™s Republican presidential caucuses in Iowa. Nominees are urging supporters to brave the unprecedented -24ยฐC (-11 F) temperatures to vote in the first official event of the 2024 US presidential election.

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IMF warns AI could affect nearly half of all jobs. A new report by the IMF warns that up to 40% of jobs around the world could be impacted by artificial intelligence (AI). In advanced economies, the IMF puts that number at 60%.

TOP STORY

Taiwan votes for continuity with accountability

Taiwanโ€™s President-elect Lai Ching-te (L) and his running-mate Hsiao Bi-khim (R), who was previously Taiwanโ€™s top representative in Washington. Credits: Louise Delmotte, AP

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Largely as expected, Vice President Lai Ching-te (aka William Lai) won Taiwan’s presidential elections on Saturday with 40.1% of the vote, earning his ruling Democratic Progressive Party (DPP) an unprecedented third consecutive term.

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The Harvard-educated former doctor and mayor will replace outgoing President Tsai in May.

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Voters were concerned about familiar issues like housing and wages, but the dominant theme was, of course, China. Thatโ€™s inevitable when your nuclear-armed neighbour and top trading partner considers you a breakaway province.

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But China was also front of mind because Chinaย wanted to be front of mind, calling the election a choice between war and peace, and Lai a dangerous separatist. It was all aimed at limiting Taiwanโ€™s options and shaping its choices.

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Still, Lai gave a pretty measured victory address on Saturday night, vowing to “replace confrontation with dialogue” but also to “safeguard Taiwan from continuing threats and intimidation from China“.

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And the world’s responses have been pretty predictable, too:

  • ๐Ÿ‡จ๐Ÿ‡ณ China reiterated its opposition to “separatist activities“, while relishing the fact that Lai’s party lost its legislative majority

  • ๐Ÿ‡บ๐Ÿ‡ธ The US congratulated Lai and sent an unofficial delegation to Taiwan in line with past practice

  • ๐Ÿ‡ท๐Ÿ‡บ Russia reaffirmed its view that Taiwan is an integral part of China, prompting Taiwan to accuse Russia of becoming โ€œa thug of the Chinese Communist regimeโ€ (๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ), and

  • ๐ŸŒ Others (like Japan, France, the UK, and the EU) welcomed Taiwan’s elections, prompting varying degrees of pushback from Beijing.

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After years of being conditioned to expect bold electoral plot twists and wildly inaccurate polling, this whole exercise has been refreshingly predictable to date.

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INTRIGUEโ€™S TAKE

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Soโ€ฆ what can we expect from President Lai and China in the months ahead?

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Lai once called himself a “pragmatic worker for Taiwan independence” (hence China’s ire), but he’s moderated his stance as vice president and is promising more of the same as president. This moderation is aimed at:

  • preserving stability with China

  • assuaging Taiwanโ€™s backers in the US, and

  • reassuring a Taiwanese population spooked by crackdowns in Hong Kong, Russia’s invasion of Ukraine, and a more confrontational China.

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As for China, it continues to see Taiwan as a red-line issue because of what Taiwan is (a visible example of defiance), where it is (right in China’s grill), and what Taiwan has (dominance across advanced semiconductor manufacturing).

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So China will reassert its claims over Taiwan, but it also needs to nurture US-China stability while addressing its own mounting challenges back home.

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This means we can expect China to pressure Taiwan, but without rocking the boat too much. And one example has just emerged, with reports China has poached one of Taiwanโ€™s 12 remaining formal diplomatic partners: the tiny Pacific Island nation of Nauru.

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But all in all, this election extends the increasingly fragile status quo:

  • Taiwan continues to function like an independent country, but without formally declaring independence

  • The US continues to function like Taiwanโ€™s ally, but without formally promising to defend it, and

  • This all leaves China with just enough hope for peaceful โ€˜reunificationโ€™, but just enough unease to continue its vast military modernisation.

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Also worth noting:

  • Taiwanโ€™s more Beijing-friendly Kuomintang opposition came second with 33.5%. A relatively new third party attracted support from younger voters, winning 26% of the vote.

  • China exercised varying degrees of control over Taiwan for ~200 years until 1895, while the modern day Peopleโ€™s Republic of China has never controlled Taiwan. Interestingly, early Chinese Communist Party statements actually called for Taiwanese independence (from Japan).

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SUPPORTED BY REMOFIRST

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MEANWHILE, ELSEWHEREโ€ฆ

  1. ย ๐Ÿ‡ฐ๐Ÿ‡ตย North Korea: Pyongyang launched at least one ballistic missile into the waters off the Korean peninsula yesterday (Sunday). In parallel, there are reports North Korea has suddenly halted broadcasts from a radio station it uses to send messages to its spies over the border.

  2. ๐Ÿ‡ฉ๐Ÿ‡ฐย Denmark: The Danes yesterday welcomed a new King, Frederik X, after his mother abdicated. King Frederik is married to an Australian (Queen Mary) and has adopted โ€˜United, committed, for the kingdom of Denmarkโ€™ as his royal motto.

  3. ๐Ÿ‡ฒ๐Ÿ‡ปย Maldives: President Mohamed Muizzu has asked India to withdraw its military personnel from the Maldives before a 15 March deadline, delivering on one of his campaign pledges. India has 89 troops stationed in the country for aircraft patrol missions.

  4. ๐Ÿ‡ฌ๐Ÿ‡นย Guatemala: After an eventful weekend including legislative wrangling and a last-minute curveball from Guatemalaโ€™s top court, anti-corruption crusader Bernardo Arรฉvalo was sworn in as president overnight. The lengthy delay meant Chileโ€™s president missed the inauguration as he had to fly home.

  5. ๐Ÿ‡ช๐Ÿ‡ฌย Egypt: President Abdel-Fattah al-Sisi and Chinese Foreign Minister Wang Yi have met in Cairo for talks over the weekend. They called for a ceasefire in Gaza and an end to attacks on civilian ships in the Red Sea, with Wang adding indirectly that US-UK airstrikes against Houthi targets added โ€œfuel to the fireโ€.

EXTRA INTRIGUE

๐Ÿคฃ Your weekly roundup of the worldโ€™s lighter news

  • Canadian park authorities are warning drivers not to let moose lick their cars.

  • A Welsh man has solved the mystery of whoโ€™s been tidying up his shed every night: a mouse.

  • A study conducted by an 8-year-old Australian attracted over 30,000 participants and concluded that magpies (a bird) perceive balding men as more of a threat than longer-maned folks.

  • Candy company Haribo has broken a world record by creating a 32.5 square metre (350 square foot) gummy bear mosaic.

  • And in a contest organised by a Swedish town, an Australian woman has been awarded the first-ever โ€˜Worldโ€™s Ugliest Lawnโ€™ award.

RANKING OF THE DAY

Credits: Henley & Partners.

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Passport power

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For the first time, six countries now share the title of โ€˜worldโ€™s strongest passportโ€™. Citizens of France, Germany, Italy, Japan, Singapore, and Spain can all enjoy visa-free travel to 194 destinations, a new record. In last place sits Afghanistan, whose citizens can only visit 28 locations visa-free.

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Last Thursdayโ€™s poll: How should other countries help Ecuador?

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๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ โ›” Staying out of it is often the best course of action (33%)

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๐ŸŸจโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ ๐Ÿ’ฐ Sending aid (10%)

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๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจย ๐Ÿง‘โ€๐Ÿ’ผ Sending technical support (31%)

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๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจโฌœ๏ธโฌœ๏ธ ๐Ÿ”ซ Sending materials and personnel on the ground (22%)

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โฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ โœ๏ธ Other (write in!) (4%)

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Your two cents:

  • โ›” D.N: โ€œIt is best to put aside the concept of acting as โ€˜World Policemanโ€™ forever. People everywhere need to solve their own problems.โ€

  • โœ๏ธ B.Oโ€™C: โ€œThere have been interesting theories for some time about what would happen to the organised drug cartels if cocaine were to be decriminalised/legalised and regulated.โ€

  • โœ๏ธ D.E.R: โ€œAsk Ecuador what kind of help they would welcome.โ€