The January 16 Taiwan elections were the latest evidence of a new reality in Asia: Taiwan’s cross-strait neighbor, China, is in significant decline. Replacing a government that made economic integration with China its chief priority, incoming Taiwan president Tsai Ing-wen asked for and received a mandate to reform her island nation’s economy, precisely because the close links established by her predecessor have been dragging down the island nation as the depths of China’s economic challenges become obvious.
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