Taiwan Presidential Election22 March, 2008, 14:24. Posted by Zarathustra
Tags: Economy, Politics & Society, Taiwan
Ma Ying-jeou won Taiwan’s presidential election, vowing to improve ties with China after eight years of pro-independence rule by Chen Shui-bian.
Ma, of the opposition Kuomintang, beat the Democratic Progressive Party’s Frank Hsieh 58 percent to 42 percent, according to the Central Election Commission. About 75 percent of Taiwan’s eligible voters cast ballots.
For 8 years of ruling by Chen Shui-bian, he has never been an advocate of dealing with economic issues. Rather, he was political, call for the independence of Taiwan. Because of this, the People’s Republic of China (PRC) has imposed restrictions in investing in Taiwan, or traveling to Taiwan, etc.
I just watched the TV in Hong Kong talking about the election. It says the economy of Taiwan is poor in these year. A real estate developer said the office vacancy rate has hit all-time high. However, as Ma has been elected, they anticipate better more capital flow into Taiwan, and more business opportunities in the future would led to big potential in real estate, like office. A high-end resort also anticipate more high net-worth customers from China to go to Taiwan, and plan to expand the business. According to report (in Chinese), securities firms believe the TAIEX Index would climb to 14,000 thanks to Ma’s advocate in economic development and peaceful relationship across the strait. The TAIEX now is at 8,524.99.