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  • 5/20/2025
To mark the first anniversary of his term of office, President Lai Ching-te has delivered a speech laying out his future plans for the country.

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00:00Tuesday marks one year since Taiwan President Lai Ching-de took office.
00:05The president took to the podium to lay out what he has in store for the remainder of his term.
00:10Leslie Liao was at the presidential office to hear Lai's remarks and now joins us live on location.
00:16Leslie, what were some of the main points in Lai's speech?
00:21Well, Tiffany, as the saying goes, it's all about the economy.
00:25President Lai spent a good portion of his speech talking about economic issues,
00:30saying that Taiwan needs to wean off its reliance of being an export-driven economy,
00:34but also saying that Taiwan needs to expand into different markets.
00:39President Lai also said that he'll make Taiwan's interests the highest priority
00:43in ongoing trade talks between Taiwan and the U.S.,
00:46and that he's going to establish a sovereign wealth fund.
00:50Lai also spent a lot of time talking about domestic issues,
00:53focusing on things like climate change, health care, and social stability.
00:58He committed to the government's goal of Taiwan becoming a net-zero carbon emitter by the year 2050,
01:03and he also pledged $33 billion U.S. in investment in Taiwan's green energy sector by 2030.
01:10On the health care front, Lai says he will continue to support programs like disease control and cancer treatment.
01:17Lai consistently called for democracy and unity throughout his speech,
01:22saying that Taiwan's democratic system is one of its most treasured qualities.
01:27Have a listen.
01:28I believe no one of a Taiwanese people will forget about life of freedom of民ä¸ģč‡Ēį”ą.
01:33No one of a president can be removed from the value of freedom of民ä¸ģč‡Ēį”ą.
01:38Now, one topic that was notably missing from Lai's speech is China.
01:45Lai has made countering Chinese infiltration and strengthening Taiwan's defenses
01:49against threats from across the strait a priority in his first year in office.
01:54But he sidestepped that issue in his speech today,
01:59instead only saying in a question-and-ask session after his speech
02:03that he's willing to talk to China, but only on equal footing.
02:08So, Leslie, you said that unity was a big focus of Lai's speech.
02:12Why is that?
02:13Well, Tiffany, Lai's one year comes as there are steep, steep divides
02:21between Taiwan's ruling and opposition parties.
02:24Most recently, there's a sticking point,
02:27and that's a 13.5 billion U.S. dollar special budget
02:32that the ruling Democratic Progressive Party's cabinet wants to pass.
02:37Initially, this bill was packaged as a response measure
02:41to U.S. President Donald Trump's potential tariff levies on Taiwan.
02:45But it has since expanded to include items like defense
02:48and a 3 billion U.S. dollar subsidy
02:51for Taiwan's main energy provider, Thai Power.
02:54And that all ties into President Lai's speech about societal stability.
03:00But the special budget has since been slapped down by the opposition,
03:04which holds the legislature,
03:06particularly because of that 3 billion U.S. dollar Thai Power subsidy
03:10and amid concerns that Taiwan's recent abandonment of nuclear power
03:15will exacerbate uncertainties surrounding Taiwan's energy supply.
03:20But that's why President Lai talked about green energy
03:22in the domestic part of his speech,
03:25signaling that, hey, this is the plan,
03:26I'm going to stick to it, and I'm not going to back down.
03:29But he was also telling the opposition party,
03:31make an opposition party, let's talk.
03:37All in all, Lai's speech gave a clear picture of how he envisions the country's future,
03:55while steering clear of controversial topics,
03:59signaling a desire for more unity in his second year in office.
04:05So China has called Lai a separatist many times during his presidency,
04:09but the president's speech today seems quite measured and restrained.
04:12Have we seen any Chinese response?
04:14So far, not that much, Tiffany.
04:21Taiwan's defense ministry reported six Chinese warplanes
04:25and eight naval ships operating close to Taiwan in the 24 hours leading up to this morning.
04:31But that's all pretty run-of-the-mill for China.
04:34But Taiwan's military officials are on high alert
04:37for any increased military activity from across the strait.
04:40Thanks, Leslie.
04:43That was Leslie Liao live from outside the presidential office.

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