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The Intelligence from The Economist

See how the Lai lands: Taiwan’s new president

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.63.6K Ratings

🗓️ 22 May 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Domestic divisions are already complicating the daunting task William Lai Ching-te has set himself: strengthening Taiwan while maintaining its ambiguous geopolitical status quo. With more and more big firms choosing to stay private—with good reason—the stockmarket is shrinking (09:37). And dating apps are putting an end to the lonely-hearts advertisement (16:47).


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Transcript

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0:00.0

The Economist.

0:04.0

Hello and welcome to the intelligence from The Economist.

0:10.0

Hello and welcome to the intelligence from the economist. I'm your host

0:14.0

Jason Palmer. Every weekday we provide a fresh perspective on the events

0:18.6

shaping your world. There are fewer and fewer stock market listings these days because more and more companies

0:30.0

are choosing with good reason to stay private.

0:33.4

We look at how to stop the market disappearing altogether.

0:39.2

And there's a genre of advertisement that's on the way out that already feels anachronistic, the Lonely Hearts

0:45.7

ad.

0:46.7

Our correspondent sifts through centuries of them, finding that even as society has shifted

0:51.7

what the Lonely Want has stayed the same.

1:02.1

But first. Taiwan's national events are always somewhat delicate given its complicated political status and

1:18.0

the inauguration of William Leiting de Taiwan's new president was no exception.

1:24.6

Alice Sue is our senior China correspondent and co-hosts Drum Tower, our weekly show on China.

1:30.3

On Monday, I joined thousands of others in front of the presidential office in the capital, Taipei, to watch him ascend to Taiwan's highest office.

1:38.0

There was all the pomp and circumstance of the Republic of China, which is Taiwan's official name, and dates back to 1912 when it was founded in mainland China.

1:46.0

So there was a 21 gun salute, the National Anthem, and Lightingha taking an oath before a giant portrait of Changchaisek.

1:53.2

No one is a lien.

1:55.0

You're so, or a jean,

1:58.0

a sce, a sce, a sien, achien.

2:01.0

But many people in Taiwan no longer identify with China.

2:07.6

William Lai in particular is known for being an advocate of Taiwanese identity,

...

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