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Taiwan's presidential election defies China, China's view on the politician elected, implications on China's threats, the political race in Iowa, and US banks' outlook
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Quick takeaways
- Taiwan's presidential election showcases the defiance of voters against China's claim of Taiwan as its territory.
- US banks report high earnings from high interest rates, but anticipate a decline from lending, impacting their profits.
Deep dives
Taiwan's Election Results and Beijing's Reaction
Taiwan's presidential election resulted in the victory of Lie Ching Day, a setback for Beijing which claims Taiwan as part of its territory. China strongly detests Lie due to his support for more formal independence for Taiwan, in contrast to Beijing's claim that Taiwan is part of China. Despite this tension, Lie has expressed a desire to restart dialogue with China and work towards peace and stability in the Taiwan Strait.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode