Taipei, January 12: With rallies and concerts attended by thousands of flag-waving supporters, Taiwanese are preparing to elect a new president and legislature on Saturday in what many see as a test of control with China, which claims the self-governing island republic as its own. The race is tight, and both China and Taiwan's key ally, the United States, are weighing in on political and economic issues they hope will sway voters.

The election pits Vice President Lai Ching-te, representing the Democratic Progressive Party known as the DPP, against Hou Yu-ih of the main opposition Nationalist Party, also known as the Kuomintang or KMT, and the former mayor of the capital city Taipei, Ko Wen-je, of the Taiwan People's Party. Candidates wrapped up their campaigns with stirring speeches, but younger voters were mostly focused on their economic futures in a challenging environment. “I still don't know who to vote for. I feel that none of the candidates are good enough for me to have the urge to vote," said Iris Huang, 27, who works in online marking. Taiwan Presidential Election 2024: Amid Tensions with China, Who Are the Three Candidates Trying to Become President?.

Ko's participation in the election has stirred things up for voters accustomed to the usual choice between the KMT and DPP, said Yoshi Liao, a 40-year-old construction engineer. “It's different from what we had before ... therefore, no one knows who will be elected before the results are counted,” Liao said.

A young woman who commutes on one of Taiwan's ubiquitous motor scooters said that financial stability was her main priority. “My salary raises. Its the only thing I care about at this moment,” said the woman, who only gave her surname Liu to protect her privacy. At a news conference on the eve of the vote, Central Election Commission Chairman Lee Chin-yuan said that he would "like to emphasise once again that all processes for the voting and counting of this election are transparent, open and subject to public supervision”. Taiwan General Election 2024: Taiwanese Presidential Candidate William Lai Says He is Willing to Reopen Talks with China.

China's military threats may sway some voters against independence-leaning candidates, but the US continues to pledge support for whatever government emerges, reinforced by the Biden administration's plans to send an unofficial delegation made up of former senior officials to the island shortly after the polls. That move could upset efforts to repair ties between Beijing and Washington that plunged in recent years over trade, COVID-19, Washington's support for Taiwan and Russia's invasion of Ukraine, which China has refused to condemn at the United Nations.

Apart from China tensions, the Taiwan election largely hinges on domestic issues, particularly over an economy that was estimated to have only grown by 1.4 per cent last year. That partly reflects inevitable cycles in demand for computer chips and other exports from the high-tech, heavily trade-dependent manufacturing base, and a slowing of the Chinese economy.

But longer-term challenges such as housing affordability, a yawning gap between the rich and poor, and unemployment are especially prominent. Candidates will make their final appeals Friday with campaigning to end at midnight. The candidate with the most votes wins, with no runoff. The legislative races are for districts and at-large seats.

While dinner table issues gather the most attention, China remains the one subject that can be ignored but not avoided. The two sides have no official relations, but are linked by trade and investment, with an estimated 1 million Taiwanese spending at least part of the year on the mainland for work, study or recreation. Meanwhile, China has continued flying fighter planes and sailing warships near the island to put teeth behind its pledge to blockade, intimidate or invade.

Those threats were thrown into stark relief in 2022, when Beijing fired missiles over the island and conducted what was seen as a practice run of a possible future blockade of the Taiwan Strait after then US House Speaker Nancy Pelosi visited Taiwan. Chinese President Xi Jinping, at his most recent meeting with President Joe Biden in November, called Taiwan the “most sensitive issue” in US-Chinese relations. Washington is bound by law to provide Taiwan with the means to defend itself and consider all threats to the island as matters of “grave concern”, while remaining ambiguous on whether it would use military forces.

In recent years, the US has stepped up support for Taiwan as Beijing ratchets up military and diplomatic pressure on the island, although the wars in Ukraine and Gaza have drawn down what US military industries can provide to customers and allies. The US government insists the differences between Beijing and Taipei be resolved peacefully, and opposes any unilateral change to their status quo.

While Chinese leaders and state propaganda proclaim unification is inevitable and will be achieved at any cost, Taiwanese have consistently voted in favour of maintaining their de facto political independence. Lai is considered the front-runner in the race, but Hou trails closely. While the Nationalists formally support unification with China, they say they want to do so on their own terms, a somewhat abstract concept given the Communist Party's demand for total power, but which some consider as a useful workaround to avoid outright conflict.

Beijing has labelled Lai a “Taiwan independence element”, an appellation that he hasn't repudiated and which carries little or no stigma in Taiwan. Lai, however, has pledged to continue current President Tsai Ing-wen's policy that Taiwan is already independent and needs to make no declaration of independence that could spark a military attack from China.

While running third in most surveys, the TPP's Ko said during a news conference Friday that he would aim to strike a balance between Taiwan and the US that wouldn't upset relations with China. “The US is the most powerful country in the world and Taiwan's most important ally,” he said. “So no matter who is elected, the relationship between Taiwan and the US will not change.”

Ko said that he is the only “acceptable” candidate for both Washington and Beijing, adding that while there's nothing Taiwan could do to please both China and the US, it is important for the island to refrain from “behaviour that is intolerable to either side”.

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