Breakingviews - Taiwan's revival is Tsai’s to squander

(Reuters Breakingviews) - It’s time for President Tsai Ing-wen to step up. Taiwa...

Incumbent Taiwan President Tsai Ing-wen and Vice President-elect William Lai wave to their supporters after their election victory at a rally, outside the Democratic Progressive Party headquarters in Taipei, Taiwan January 11, 2020. REUTERS/Tyrone Siu

She campaigned on a growing threat from Beijing, which sees the self-ruled island as a part of China. Capitalising on months of anti-government turmoil in Hong Kong, the incumbent leader and her Democratic Progressive Party repeatedly rejected “one country two systems”, a formula which China implemented in the former British colony and proposes as a mechanism to reunify with Taiwan. Indeed, “Hong Kong today, Taiwan tomorrow” became Tsai’s rallying cry.

Tsai’s position was also strengthened by trade and rising domestic investment. U.S.-China trade tensions have already seen some of the island’s manufacturers reshore production from mainland China to skirt tariffs. Merchandise export receipts ticked up 4% in December from a year ago, the second consecutive month of expansion. Moreover, a 66% surge in capital goods imports in the same month suggest investment growth for 2020 will be healthy, notes research firm Oxford Economics.

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