“There is a global consensus that the security problem in the Taiwan Strait should be resolved peacefully,” Tsai said at a news conference today. “War is not an option.” In doing so, he stressed the importance of diplomacy with China and promoting standards of decency.
“War is not an option”
In addition, chip companies such as Taiwan Semiconductor Manufacturing Company (TSMC) play an important role in Tsai’s last year. Because although they are investing more and more abroad, according to Tsai they will continue to invest in activities on the island as well. This safeguards the company’s R&D and technology departments.
Elections in January
In January, Taiwan will go to the polls for a new president and a new parliament. The new Taiwanese president’s term will start on May 20, 2024. “Given the many international challenges surrounding Taiwan, the new president must be able to be strong internationally,” Tsai said. “He must also be a strong communicator and be able to maintain stability in foreign policy.”
Especially since Taiwan is in the midst of the conflict between the deteriorating relations between the world’s two largest economies, and probably plays an important role in it. If the current Democratic-Progressive Party wins again, ties with the US will remain close and relations with China will deteriorate. This contrasts with a possible victory for the opposition Kuomintang party – which is pro-Beijing.