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China reacts to pivotal Taiwan presidential election

January 13, 2024
in Business
Reading Time: 2 mins read
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China reacts to pivotal Taiwan presidential election

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Taiwan and China flags collectively textile fabric, material texture

Oleksii Liskonih | Istock | Getty Pictures

TAIPEI — China dismissed the end result of Taiwan’s Saturday elections, saying its ruling Democratic Progressive Social gathering doesn’t symbolize mainstream public opinion after it did not win a majority within the presidential and legislative votes.

“Taiwan is China’s Taiwan,” Chen Binhua, the spokesperson for the Taiwan Affairs Workplace of the State Council, mentioned on Saturday after DPP’s Lai Ching-te emerged because the winner of the self-governing island’s presidential contest with greater than 40% of the favored vote.

“This election can not change the fundamental sample and the event of cross-Strait relations, nor can it change the widespread want of compatriots on each side of the Taiwan Strait to attract nearer,” Chen added, in response to a CNBC translation of a report from Xinhua, the official state information company.

Taiwan equities will continue to trade on the economy's fundamentals, says Vivian Lin Thurston

Beijing has framed the self-ruled island’s election as a selection between “peace and conflict, prosperity and decline” — with Chinese language President Xi Jinping concerning reunification with the mainland “a historic inevitability.” Beijing has repeatedly labeled Lai as a “cussed employee for Taiwan independence” and a harmful separatist.

China has by no means relinquished its declare over Taiwan — which has been self-governing for the reason that Chinese language Nationalist Social gathering, or Kuomintang, fled to the island following its defeat within the Chinese language civil conflict in 1949.

The end result of Taiwan’s presidential and legislative elections will doubtless form China’s posture towards the island, whereas additionally influencing China-U.S. relations and safety within the broader Indo-Pacific area.

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