Taiwan President Tsai Ing-wen Sworn in For Second Term

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    This might be as good as it gets for Tsai Ing-wen.

    Tsai is riding high as she prepares to be sworn in to her second term as Taiwan’s president Wednesday in Taipei. Besides a record approval rating and a so-far successful effort to contain the coronavirus outbreak, Tsai has benefited from an upswing of support from the U.S. and its allies.

    The next four years could be more challenging for Tsai, 63, as the democratically ruled island finds itself at the center of an increasingly fraught relationship between its giant neighbor China and the U.S. Taiwan’s export-dependent economy also faces the risk of its first recession in more than a decade as overseas demand collapses.

    Tsai is slated to give a speech at 10 a.m. local time after an inauguration ceremony pared down to prevent another coronavirus surge. She’s expected to lay out her agenda for the coming term, including maintaining her opposition to unification with China.

    “Taiwan’s relationship with the U.S. will continue to warm up as the U.S-China relationship continues to break down,” Stephen Tan, president of the Taipei-based Cross-Strait Policy Association, said via telephone. “As long as the U.S-China relationship remains tense, cross-strait ties won’t improve. All Taiwan can do, and Tsai is expected to do, is to avoid being provocative and changing the status quo, but also not giving in.”

    For more @business: https://www.bloomberg.com/news/articles/2020-05-19/taiwan-leader-riding-high-into-second-term-as-trump-fights-china?srnd=premium-asia

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