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Economy

Taiwan

February 2005 | Risk Summary
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Taiwan President Chen Shui-bian has named Frank Hsieh as his new prime minister, who replaces Yu Shyi-kun, who resigned along with the rest of the cabinet at the end of January, in order to pave the way for an expected cabinet reshuffle. Frank Hsieh is a senior member of the pro-independence Democratic Progressive Party, and also mayor of Taiwan's second largest city Kaohsiung. The new premier's main challenge will be in trying to pass new legislation through the opposition-dominated parliament. Ideological disagreements between the government and the opposition resulted in ideological gridlock in the last parliament. The chances of any