Written by Min-Hua Chiang. Despite economic shrinkage, the impact of COVID-19 on Taiwan’s economy is restrained compared to other countries. Singapore (-2.2%), European Union (-2.7%), USA (-4.8%), China (-6.8%) and Hong Kong (-8.9%) have reported a more significant drop in the first quarter of 2020. Taiwan’s success in controlling the spread of COVID-19 has minimized the impact of COVID-19 on its economy. As of May 11 2020, Taiwan reported 440 cases and seven deaths, lower than most other countries in the world.
Written by Gunter Schubert. Since its electoral defeat in the presidential and legislative elections in January, the KMT has entered a period of soul-searching. For many observers, Taiwan’s largest opposition party, which governed the country almost exclusively since the end of the Chinese civil war in 1949, is struggling for political survival. As well as having lost power, the KMT has been stripped of many of its assets in the name of ‘transitional justice.’ The pending investigations are an attempt by the DPP government to clarify whether those assets were illegally acquired during the authoritarian era and must, therefore, be transferred to the state.