Taiwan rejects China


The Taiwanese have rejected consultation with China:

Taiwan elected Lai Ching-te as president of the global chip hub at the center of US-China tensions, putting in power a man Beijing has branded an “instigator of war.”

Lai, of the ruling Democratic Progressive Party, sealed victory in the island’s most hotly contested election in decades with 40.1% of the counted vote — the lowest winning percentage since another three-way race in 2000. The main opposition Kuomintang’s Hou Yu-ih trailed in second place, with the Taiwan People’s Party coming last in its first presidential campaign. Both had pledged to restart dialogue with China.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.