REPUBLIKA.CO.ID, TAIPEH -- Taiwan President Ma Ying-jeou will step down as chairman of the ruling Kuomintang party (KMT) on Wednesday, the party said on Tuesday, after the China-friendly party suffered heavy defeats in local elections at the weekend.
"As the chairman, Ying-jeou is willing to take the biggest responsibility," a KMT statement said. "I'll step down tomorrow, but for the KMT, this will not be an ending. It will be a new beginning," it quoted Ma as saying.
The beating Ma's Kuomintang (KMT) party took at Saturday's local elections shows that its strategy built with Beijing, to pull the island closer using economic ties, is failing, said Nicholas Consonery, of political risk consultancy Eurasia Group.
"It is quite negative for Taiwan-China relations," said Consonery, a director of the U.S.-based body, referring to the election result, which prompted the resignation of the premier.
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