Taiwan's ruling party wins unprecedented third term

Democratic Progressive Party’s (DPP) Lai Ching-te has won Taiwan’s presidential election.

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Tommy Wu

Commerzbank Economic Research

January 15 2024

Lai’s presidential victory risks further tensions with mainland China as Beijing sees DPP as independence-leaning and Lai as a “separatist”. It will also test the recent stabilization of ties between China and the US. Beijing’s reactions have so far been restrained. The focus turns to its responses between now and when the new Taiwan president takes office in May.

Taiwan's elections were held on Saturday, January 13. The presidential candidate from the Democratic Progressive Party (DPP), Lai Ching-te, has been elected as Taiwan’s new president. Lai is the current vice president from the ruling DPP, a party that leans towards Taiwan's independence. This marks the first time that a political party has won three consecutive presidential terms since direct presidential elections were introduced in 1996.