Supporters from the opposition Kuomintang party attend a campaign rally in Taipei on November 11, 2018.


Chris STowers | AFP | Getty Photos


Supporters from the opposition Kuomintang social gathering attend a marketing campaign rally in Taipei on November 11, 2018.




Voters in Taiwan delivered a crushing blow to President Tsai Ing-wen and her independence-leaning ruling social gathering throughout the weekend’s native elections, leaving China with the higher hand, analysts say.



Tsai’s Democratic Progressive Get together (DPP) misplaced mayoral elections in key cities to the opposition Kuomintang (KMT), or Nationalist Get together. The DPP misplaced its stronghold of Kaohsiung, the southern port metropolis the place it had held energy for greater than 20 years, throughout the nationwide vote Saturday for native posts.


“It was an enormous defeat,” Sean King, senior vp at Park Methods, advised CNBC’s Akiko Fujita on Monday on “Squawk Field.”


Whereas the vote was largely targeted on financial considerations somewhat the long-simmering challenge of Taiwan’s political standing, China got here out in a robust place, in line with King. “I believe it was points like labor and pension reform, a lackluster financial system, that did her in. However China’s undoubtedly going to assert victory right here.”


Relations throughout the Taiwan Strait ebb and move relying on who holds energy in Taipei — and tensions with Beijing have risen for the reason that DPP swept to energy two years in the past.


China prefers the Kuomintang, which avoids speak of going it alone and stresses financial ties with the mainland, from which KMT troops fled in 1949 after defeat within the Chinese language Civil Struggle.


Taiwan-China relations flourished when the KMT dominated Taiwan from 2008 to 2016. Leaders from either side – Chinese language President Xi Jinping and Taiwan’s then-president Ma Ying-jeou – met in Singapore for a historic summit in 2015.






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