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Asia Business Report

report. as we have been hearing on newsday, william lai has won taiwan's presidential election. the third consecutive term for his ruling democratic progressive party. at the same time two former us officials are visiting taipei for post—election talks, underscoring washington's long—standing interest with the territory. but china views the president—elect is a dangerous separatist and warned any move towards independence will be severely punished. my colleague spoke to a taiwanese analyst at the intelligence unit about how the intelligence unit about how the results of this election will impact the islands relationship with beijing. china is suspicion of his intentions and much of this ties back to his past. he is infamous in that he has been vocally supportive of independence but it is also important to mention that he has generally softened his stance in the last few years

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Asia Business Report

trade — under the dpp could mean for trade with china.— trade with china. that is an interesting _ trade with china. that is an interesting dynamic - trade with china. that is an interesting dynamic to - trade with china. that is an interesting dynamic to look trade with china. that is an i interesting dynamic to look at because four are strained as the relations are under the dpp, economics is still intertwined. china is taiwan's most important export market, cross strait economics in terms of supply chain and investments, they are tight and thatis investments, they are tight and that is persisted despite the fact that the dpp has been in government since 2016. we have seen moves to try and diversify taiwan's trade away from china towards southeast asia and western economies but in reality these moves have been difficult to implement. china isjust an incredibly difficult to implement. china is just an incredibly important centre of gravity for the region and that is true for taiwan and as we look at policy proposals moving forward he will still promote diversification it will be hard. anything about china's reaction, one of the things we are worried about is what potential retaliation may look

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Asia Business Report

create. before we go, a reminder— create. before we go, a reminder of _ create. before we go, a reminder of our - create. before we go, a reminder of our top - create. before we go, a i reminder of our top story. william lai has won the symbolic election in taiwan and you can find plenty more on our website. there are profiles of the candidate as well as china's reaction to the result. that is it for this edition of asia business report. thank you for watching. voice-over: bbc news, - bringing you different stories from across the uk. this agricultural land between wetherby road and the river wharfe could be the site of a new housing development in tadcaster. peter is one of around 300 campaigners against the plan. so this piece of land here covers 35 hectares and gladman developments are proposing to build over 400 houses on it. the water levels are gradually seeping up onto this land, which would be a disaster to build on. i think it would | definitely make the flooding issue worse because they are going i to concrete over -

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Asia Business Report

and on the campaign trail since he served as vice president in taiwan he has really espoused more of a pro— status quo, the idea that he will inherit the former policy that make foreign—policy and domestic policy of the outgoing president and that suggests there will not be any radical change and we do not expect him to formally declare independence anytime soon. that said the question here is that china will believe that? policymakers in beijing are so incredibly wary of his intentions and they are also going to be smarting from the fact that this is the third consecutive victory by the dpp and so looking forward i think we can expect a lot of anxiety at least over the next few months or even years. let's talk a little _ months or even years. let's talk a little about _ months or even years. let's talk a little about trade - months or even years. let's talk a little about trade and | talk a little about trade and what — talk a little about trade and what the consecutive succession under_ what the consecutive succession under the — what the consecutive succession under the dpp could mean for

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Asia Business Report

like from the economic sphere. we have something called the economic cooperation agreement between the two sides and there is potential that china could seek to tweak that agreement. we seen some economic pressure tactics and form of ending tariff exemptions for chinese product. so there are some moves here. we could see manifest but when we look at and look at the nature of the ties they are in sophisticated taiwanese electrical components and that is something china is still reliant on in terms of imports. so the situation is complicated in the room to manoeuvre for china in terms of damaging the, those are relatively constrained. turning now to the _ relatively constrained. turning now to the red _ relatively constrained. turning now to the red sea _ relatively constrained. turning now to the red sea where - now to the red sea where tensions continue to escalate. the us and uk lead strikes on mainland yemen last week against the hooting movement after the armed group launched several attacks against commercial ships. this was in

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