Taiwan Outlook Brightened in Tsai's First Year, But Risks Remain
- Rebounding markets and economy give president time for reforms
- Beijing insistence on One-China pledge clouds growth outlook
Taiwan President Tsai Ing-wen speaks in front of a 'Year of the Rooster' decoration in Taipei.
Photographer: SAM YEH/AFP/Getty ImagesThis article is for subscribers only.
When Taiwan elected Tsai Ing-wen in January last year, the economy was in the grip of three quarters of contraction, the currency was the weakest since 2009 and China, its biggest trading partner, warned of dire consequences of challenging its "One-China" policy.
Now it’s a very different picture as she nears her first anniversary as president on May 20.