Berliner Boersenzeitung - Taiwan to swear in new president as China pressure grows

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Taiwan to swear in new president as China pressure grows
Taiwan to swear in new president as China pressure grows / Photo: Yasuyoshi CHIBA - AFP

Taiwan to swear in new president as China pressure grows

Taiwan's Lai Ching-te was set to be sworn in Monday as president of the democratic island in the face of growing Chinese military pressure and a hostile parliament.

Text size:

China claims democratic Taiwan as part of its territory and has branded 64-year-old Lai a "dangerous separatist" who will bring "war and decline" to the island.

Lai will succeed President Tsai Ing-wen, whose eight years in power saw a sharp deterioration in relations with Beijing over her rejection of China's claim.

Like Tsai, Lai is a staunch defender of the island's democracy and in the past has described himself as a "pragmatic worker for Taiwan independence".

Lai has toned down his rhetoric and has repeatedly vowed to maintain the "status quo" on the Taiwan Strait, which means preserving Taiwan's sovereignty while not declaring formal independence.

The inauguration ceremony began at 09:00 am (0100 GMT) at the Japanese colonial-era Presidential Office Building in Taipei, where Lai and his vice president-elect Hsiao Bi-khim were set to be sworn into office shortly after.

Lai and Hsiao -- arguably better known on the global stage due to her former role as Taiwan's top envoy to Washington -- are both part of the Democratic Progressive Party (DPP), which has championed Taiwan's sovereignty.

Lai will on Monday deliver his inaugural speech -- which will be scrutinised for clues on how he will handle Taipei's delicate relationship with Beijing -- in front of thousands of people outside the presidential Office.

Eight heads of state were due to attend among the 51 international delegations -- including from the United States, Japan and Canada -- in a show of support for the island's democracy.

More than a thousand performers showcasing traditional operas and dances will take part in a celebration that also includes an Air Force aerial formation to salute the new president.

- More defence spending -

With only 12 allies, Taipei lacks diplomatic recognition on the world stage.

But it has its own government, military and currency, and the majority of the 23 million population see themselves as having a distinct Taiwanese identity, separate from the Chinese.

Following in Tsai's footsteps, Lai is expected to boost defence spending and strengthen ties with democratic governments, especially Washington, Taiwan's key partner and weapons supplier.

Beijing has long threatened to use force to bring Taiwan under its control -- especially if the island declares independence -- with Xi upping the rhetoric of "unification" being "inevitable".

Ahead of Lai's inauguration, Beijing's Taiwan Affairs Office, which handles cross-strait issues, called "Taiwan independence and peace in the strait... like water and fire".

Chinese warplanes and naval vessels maintain a near-daily presence around the island, and in the week before the swearing-in ceremony, there was an uptick in fighter jets and drones.

Lai has made overtures for resuming high-level communications with China, which Beijing severed in 2016 when Tsai took power, but experts say they are likely to be rebuffed.

The DPP has lost its majority in Taipei's parliament -- where a brawl broke out Friday among lawmakers from all three parties -- which could make it difficult for Lai to push through his policies.

But many Taiwanese are less worried about the threat of conflict than they are about soaring housing prices, rising cost of living pressures, and stagnating wages.

"If war should break out there would be little I could do," Jay, a 20-year-old student who gave only his first name, told AFP as he took a photo of the Presidential Office.

"So I will just go with the flow."

(A.Lehmann--BBZ)