With the next crop leaders in Beijing chosen, and the president in Washington re-elected for the next four years, Taiwan ought to be relaxing. Instead, the island off mainland China can't help but wonder if its future has turmoil in store. As an empowered Obama continues with America's strategic refocusing on the Asia-Pacific region -- known as the "pivot," which really means containing China -- the island nation might get caught between the two giants.
On paper, Obama's re-election to a second term should please Taiwanese officials. According to Taiwan's President and Kuomintang (KMT) party chairman Ma Ying-jeou, the two governments have achieved the most stable relationship they've ever had.
It's a relationship Taiwan needs badly. As the island has suffered from the global recession, it cannot do without the world's biggest economy to regain its economic footing. Together with mainland China and the European Union, America accounts for 75 percent of Taiwan's exports.
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Reported by IBTimes 3 hours ago.
On paper, Obama's re-election to a second term should please Taiwanese officials. According to Taiwan's President and Kuomintang (KMT) party chairman Ma Ying-jeou, the two governments have achieved the most stable relationship they've ever had.
It's a relationship Taiwan needs badly. As the island has suffered from the global recession, it cannot do without the world's biggest economy to regain its economic footing. Together with mainland China and the European Union, America accounts for 75 percent of Taiwan's exports.
Read More on International Business Times
Reported by IBTimes 3 hours ago.