Following the recent presidential election in Taiwan, the status quo remains unchanged despite the Democratic Progressive Party (DPP) losing its majority in the legislature. Lai Ching-te, the current vice president, won the presidency with only 40% of the vote, the lowest winning percentage since 2000. This outcome can be largely attributed to a split in the opposition votes between the Kuomintang (KMT) and the Taiwan People’s Party (TPP), resulting in neither party gaining enough seats to have control. Notably, the TPP now holds the balance of power.
A Period of Stability
This election result indicates stability for the complex relationship between Taiwan, China, and the United States. Taiwan’s strong system of checks and balances is expected to prevent sudden policy changes, thus reducing the risk of escalating tensions with both Beijing and Washington. Lai, who has been previously criticized by Beijing as a provoker of war, remains committed to maintaining the foreign policy of outgoing President Tsai Ing-wen and preserving the current situation. He has even expressed a willingness to hold talks with China on an equal basis.
China’s Reaction
In response to the election, China has reiterated its goal of reunifying with Taiwan, while its military presence around the island continues to follow previous patterns.
Political Challenges Ahead
Despite winning the presidency, Lai Ching-te will face challenges in maintaining stability and managing cross-strait relations due to the DPP’s loss of majority in the legislature. The election results suggest that he will need to collaborate with opposition parties, particularly on important issues such as military funding.
