Election sets stage for tense 2024 presidential raceBloombergTaiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections contributed to the Democratic People’s Party’s (DPP) massive losses. The DPP won just five of 21 city and county races on Saturday. The Chinese Nationalist Party (KMT) held on to 13 seats, and captured the mayoral seats in Taipei and Taoyuan. For both parties, the results are certain to ignite internal jockeying ahead of the presidential election in 2024, when Tsai is to step down due to term limits. “However, Hou is long-favored as the next candidate in the party.”However, the economy could play a key role in 2024 if growth continues to slow.
