Bloomberg Daybreak: Asia Edition
Previewing Taiwan's Inauguration, Iran's President Missing After Crash
May 20, 2024
Rana Mitter from Harvard discusses Taiwan's new president. Fred Neumann predicts APAC trading week. Michael Heath covers Iranian President disappearance post-crash. Topics include Taiwan-China relations, cabinet priorities, China's housing measures, global trade tensions, Japanese yen pressure, and Iranian President's helicopter crash.
24:29
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Quick takeaways
- Taiwan's new president faces challenges with a divided Congress hindering legislative progress.
- China closely monitors Taiwan's independence stance, necessitating strategic language to maintain regional stability.
Deep dives
New Taiwan President's Approach to Taiwan-China Relations
The new president of Taiwan, William Lai, is expected to maintain continuity in his approach to Taiwan-China relations. While he may not openly declare independence, there could be a shift towards more assertive language regarding Taiwan's status. Despite his significant popular vote, Lai faces challenges in leading Taiwan, especially with a divided Congress that may hinder legislative progress on key issues.
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