Tsai's win in Taiwan will continue pro-growth policy amid US-China trade war
in the self-ruled island's presidential election on Saturday, an entrepreneur said on Monday.
Incumbent Tsai of the independence-leaning Democratic Progressive Party secured a second term with 8.2 million votes — the most any leader has secured since Taiwan held its first direct presidential elections in 1996. Her 57.1% share of votes compared with 38.61% or 5.5 million votes for her closest competitor Han Kuo-yu of the Kuomintang or Nationalist Party, according to Taiwan's Central Election Commission.
Tsai's weekend win was aided by concerns over mainland Chinese influence that spilled over from long-drawn anti-establishment protests inand her pro-growth policies are expected to continue, said Steven Pan, executive chairman of Silks Hotel Group and Formosa International Hotels. "That policy we expect to carry forward with even more force with the return of Taiwanese companies and capital from decoupling the trade war," said hotelier Pan.when the independence-leaning DPP lost several important cities in mayoral elections partly attributed to unpopular reforms in the state pension system. The DPP also retained its majority in the legislature in elections that took place concurrently on Saturday.
Since end-2018, Tsai has shifted her agenda from one focusing on social reforms to a pro-growth one, which has helped the economy at an opportune time for her administration. That is as global supply chains are shifting due to the
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