Reuters
Published Jun 13, 2019 06:27
Taiwan president wins ruling party's nomination for 2020 election
TAIPEI (Reuters) - Taiwan President Tsai Ing-wen on Thursday won the ruling party's hotly contested nomination for the 2020 presidential election in a boost to her administration, which suffered a poll defeat amid rising threats from China.
Tsai beat her former premier, William Lai, in a national tally for the party's primary race, Cho Jung-tai, chairman of the independence-leaning Democratic Progressive (NYSE:PGR) Party, told reporters.
"We have come up with the strongest candidate for the Taiwanese people," Cho said, urging the party to unite after the months-long race marked by heated exchanges between Tsai's administration and the former premier.
Tsai's administration suffered a defeat in local elections late last year amid mounting criticism over the party's reform agenda and rising pressure from China, prompting Lai's resignation as premier.
The self-ruled island is set to hold its presidential election in January, amid heightened tension with China, which considers it a wayward province and has never ruled out the use of force to return it to the fold.
The race for the presidency has grabbed headlines since Terry Gou, the billionaire chairman of Apple (NASDAQ:AAPL) supplier Foxconn, said he will seek the nomination for the China-friendly opposition Kuomintang (KMT) party.
KMT is scheduled to choose its candidate in July.
China has been ramping up military and diplomatic pressure to assert its sovereignty over the island, conducting drills near Taiwan and snatching its few remaining diplomatic allies, moves Taipei denounced as intimidation.
Taiwan is one of a growing number of flashpoints in the relationship between Beijing and Washington, which is Taiwan's main source of arms.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.